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�15�!:t'+•_- s.�°"u;.,�.r'�g"ys-,,^*`w;4).n'an,,:�F•}°.-�x� <br />3r(�+,r*.��7. rP =4�.,"ni"k�� <br />:;t <br />,w <br />EXHIBIT B <br />Ntfz <br />CLASSIFICATION RATIOS BECOME NTAX CAPACITIES' <br />OLD SYSTEM: <br />MARKET CLASSI- <br />ASSESSED LOCAL <br />GROSS HOMESTEAD NET <br />X FICATION <br />X HILL = <br />- <br />VALUE RATIO <br />VALUE RATE <br />TAX CREDIT TAX <br />Homestead: <br />$50,000 X 17% <br />---------------------------------------------------------------------- <br />_ $8,500 X .125 <br />$1,063 - $574 489 <br />NEW SYSTEM (for 1990): <br />MARKET TAX <br />X = <br />TAX <br />VALUE CAPACITY <br />Homestead: <br />$50,000 X 1.0% _ <br />$500 <br />(value of homestead credit and all other aids -- <br />reduction aid -- will be <br />LGA, school aid, disparity <br />shown on tax statement) <br />SOURCE: League of Minnesotb Cities <br />