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Minnesota Community Profile Page 7 of 8 <br /> School District: <br /> Telecommunications Use Available at Local K-12: Yes <br /> High School Graduates Attending Post-Secondary: <br /> State Wide Average: 65% <br /> Education Institutions <br /> Education Type Name Phone <br /> ......... <br /> Government <br /> Structure Information <br /> Organization: Mayor\Council <br /> Budget: $1,700,000 <br /> Community Bond Rating: <br /> Comprehensive Land Use Plan: Yes <br /> Locally Controlled Loan Program: No <br /> Recycling: Yes <br /> Fire Insurance Rating: NA <br /> Industrial Plans Approved By: Architectural Review Board,City Building Official <br /> Public Protection Services <br /> Service Type Regular Part-Time Volunteer Seasonal <br /> Fire --- --- 20 --- <br /> Police --- --- --- <br /> Sheriff 4 --- --- <br /> EMT --- --- 16 --- <br /> Property Taxes <br /> Property Tax Information Assessed Market Value Information <br /> Municipal Tax Rate 22.89% Commercial $26,339,990 <br /> County Tax Rate 26.01% Residential $309,579,236 <br /> School Tax Rate 52.87% Other $63,708,984 <br /> Misc.Tax Rate 3.61% Total $399,628,210 <br /> Total Tax Rate 105.39% <br /> Minnesota commercial real estate taxes are based upon market value of taxable property as set by the local assessor. To <br /> compute the tax for the year 2002,first compute the tax capacity by multiplying all property value up to$150,000 <br /> times.024,plus any value over$150,000 times.034.Tax capacity times the tax rate equals taxes owed. In some localities <br /> where voters have approved referendums,an additional referendum tax must be added,calculated by multiplying the <br /> referendum tax rate times the total market value of the commercial property. <br /> Net tax capacity on a$200,000 business: ($150,000 * .024)+($50,000 * .034)_$3,600+$1,700=$5,300 <br /> Source: League of Minnesota Cities based on Minnesota Department of Revenue tax abstracts. <br /> http://www.mnpro.com/detailp.asp 1/3/2003 <br />