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<br />CITY OF MOONDS VIEW, MINVESOTA
<br />STSn,nnO GENERAL OBLIGATION RnNnc
<br />DEBT LFVY + 1 MILL
<br />Residential
<br />Homestead Property
<br />TAX BILL IMPACT*
<br />PREPARED DECEMBER 18, 19RS
<br />BY SPPINOSTEG INCORPORATED
<br />Mill Rate: 99.165
<br />Estimated Incrn,aee: 2.i3D
<br />Estimated Mill Rate with Project: 101.495
<br />SECTION A - 1986 PROJECTED TAX PAYMU T 1%1THOUT PROJECT
<br />Al Estimated Market Value: 40,000 50,000 60,000 70,00n 80,000 90,000 100,000 110,000 120,000
<br />A2 Assessed Value: 200 9,000 10,900 13,260 16,160 19,060 21,960 24,860 27,760
<br />A3 Gross Tax: 714 892 1,071 1,315 1,603 1,890 2,178 2,465 2,753
<br />A4 Less Homestead Credit: 386 482 578 679 679 679 679 679 679
<br />AS Property Tax Bill: 328 410 493 636 924 1,211 1,499 1,786 2,074
<br />SECTION B - 1986 PROJECTED TAX PAYMENT WITH PROJECT
<br />B1 Estimated Market Value: 40,OOC 50,000 60,009 70,000 80,000 90,000 100,000 110,000 120,O00
<br />82 Assessed Value: 7,200 9,000 13,900 13,260 16,160 19,060 21,960 24,860 27,760
<br />B3 Cross Tax: 731 9.3 1,C96 1,346 1,640 1,931 2,229 2,523 2,818
<br />84 Less Ho,restead Credit: 395 403 592 6^5 695 695 695 695 695
<br />85 Property Tx Bill: 336 4's0 504 651 945 1,239 1,534 1,R28 2,123
<br />ESTIMATd0 1986 TAX INCREASF
<br />DUL TO PROJECT: $C $10 $11 $15 $21 S28 $35 $42 $419
<br />'The above schedule shows the estimated increase in taxes payable at various
<br />market values if the estimated mill rate increase due to the above project
<br />were added to the current mill rate for taxes payable in 1986. The schedule
<br />does not include the Property Tex Refund to which a taxpayer may be entitled
<br />oaseo on family income. It does, however, reflect the dedu(-tion of homestead
<br />credit which is automatically calculated and deducted by the county.
<br />Estimated market value is the basis from which assessed value is calculated.
<br />This value is not necessarily the price the property would bring if sold.
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