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Final Report <br /> • <br /> APPENDIX K <br /> Proportional Valuation : Cost Projection : Nonresidential Municipal <br /> Costs , Mounds View , 1981 <br /> Proportion of <br /> Nonresidential <br /> Value* to <br /> Total Existing Municipal Total Total Local <br /> Expenditures Attributable - Municipal x Real ProFerty x Refinement <br /> To Nonresidential Uses Expenditures Value Coefficient <br /> ( $ 16 , 409 , 006 <br /> $ 1 , 954 , 377 x ( $214 , 929 , 941 x 3 . 2 ) <br /> $500 , 321 $ 1 , 954 , 377 x ( . 08 x 3 . 2 ) <br /> * � 1 estimated market value of all parcels of real property in the city of <br /> nds View is $214 , 929 , 941 . Of that amount approximately 84% ( $ 179 , 672 , 39 <br /> single family residential with an additional 97, ( $ 18 , 848 , 537 ) estimated <br /> market value in apartments and mobile homes . There were 3 , 442 total parcels <br /> in Mounds View in 1981 . Of these 3 , 298 were classified redsidential ( single <br /> and two family homes ) , 57 were apartments with 702 units , and 5 are mobile <br /> home parks ( 579 units in 1982 ) . 75 commercial parcels and 7 industrial par- <br /> cels were valued at $ 16 , 409 , 006. Approximately 7% of the total estimated <br /> market value of the community is commercial ( $ 14 , 577 , 125 ) , and industrial <br /> ( $ 1 , 831 , 881 ) . <br /> 1 Simple Proportional Valuation = Existing Total Local Nonresi- <br /> dential Real Property Value <br /> Total Local Real Property Value <br /> 2 Refinement Coefficient determined by comparing the average value of nonresi- <br /> dential parcels to the average value of all parcels . <br /> average value nonresidental parcels or $200 ; 110 <br /> average value all parcels $62 , 443 = 3 . 2 <br /> Source : Calculations made by consultant . <br /> • <br /> • <br /> 2-32 <br />