Laserfiche WebLink
12/03/97 <br /> PROPOSED <br /> CITY TAX RATE <br /> Actual . Preliminary Increase <br /> 1997 1998 (Decrease) <br /> Total Levy $ 1,664,011 $ 1,740,856 $ 76,845 <br /> Fiscal Disparities Distribution ( 85,362) ( 87,043) $ 1,681 <br /> from Ramsey County. <br /> Fiscal Disparities Distribution (187,176) (192,657) $ 5,481 <br /> from Hennepin County. <br /> Local Levy $ 1,391,473 $ 1,461,156 $ 69,683 <br /> Divided by Total of Hennepin and: $ 5,269,806 $ 4,998,698 * ($ 271,108) <br /> Ramsey County Total Local Tax Capacity <br /> Proposed Rate 26.406% 29.232% 2.826% <br /> * There have been Class Rate Changes for Commercial, Apartments and Residential <br /> Properties for collectible 1998 taxes which decreased the City's Total Tax Capacity <br /> by $271,108. <br /> **The estimated tax rate is based on current valuation estimates from Hennepin and <br /> Ramsey Counties. Any reduction in Valuations, Fiscal Disparities, or Class Rates, <br /> could change the City's total local levy or tax capacity which increases the total tax rate. <br /> Tax Rate remains unchanged from October Worksession. <br /> f <br />