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l <br /> Middle Mississippi River Watershed Levy <br /> r <br /> 1 <br /> The tax capacity of the watershed is listed at the top of each spreadsheet. Hennepin County <br /> Taxpayer Services put together the spreadsheets for the watershed. <br /> The spreadsheets include the following information: <br /> - Tax rates by levy amount <br /> - Projected taxes on residential and commercial properties by levy amount <br /> After the first year of the levy, the tax rates will drop due to fiscal disparities. For example, on a levy of <br /> $3.5 million with a tax capacity of$153,477,624: <br /> $100,000 house would pay: $1,000,000 business would pay: <br /> 2001/2002 $26.37 $780.10 <br /> • 2002/2003 $22.94 678.53 <br /> 2003/2004 $23.36 $691.18 <br /> 2004/2005 $23.30 $689.47 <br /> If property values rise in Minneapolis as projected next year(approximately 30%), the tax capacity <br /> would go from $153,477,624 in 2001/2002 to $203,060,904 in 2002/2003. For a levy of$3.5 million: <br /> '$100,000 house would pay: $1,000,000 business would pay: <br /> 2001/2002 $26:37 $780.10 <br /> 2002/2003 _$1734 $513.00 <br /> :2003/2004 <br /> -$17.:65 $522.23 <br /> _2004/2005 :$17:62 $521.21 .� <br /> I� <br /> is <br /> i'7 <br />