Laserfiche WebLink
:LQWHU <br />City Hall - 3800 Laverne Avenue North - Lake Elmo, Minnesota 55042 (651) 747-3900City Hall - 3800 Laverne Avenue North - Lake Elmo, Minnesota 55042 (651) 747-3900City Hall - 3880 Laverne Avenue North - Lake Elmo, MN 55042 (651) 747-3900 <br />%XGJHW8SGDWH <br />2Q6HSWHPEHUWKH&LW\&RXQFLODGRSWHGD3UHOLPLQDU\3URSHUW\7D[/HY\RIZKLFKLVDQLQFUHDVHRIRURYHU7KH&LW\¶V3UHOLPLQDU\7D[5DWHZDVVHWDWZKLFKLVWKHVDPHWD[UDWHDV <br />3UHOLPLQDU\*HQHUDO)XQG%XGJHW <br />7KHRSHUDWLQJEXGJHWIRUH[SHQGLWXUHVIRUKDVDQRYHUDOOLQFUHDVHRI$ODUJHSRUWLRQRIWKHLQFUHDVHFRPHVIURPWKUHHIDFWRUV$QLQFUHDVHLQWKHFRVWRIWKH6KHULII<br />V'HSDUWPHQWFRYHUDJHFRQWUDFWFRPHVIURPWKHDGGLWLRQRID6KHULII<br />VGHSXW\DVVLJQHGWR/DNH(OPRZKRVWDUWHGRQ2FWREHU7KH)LUH'HSDUWPHQWLVVHHLQJDQLQFUHDVHWRDOORZIRUWKHFUHDWLRQRIDQDGGLWLRQDOIXOOWLPHSRVLWLRQ7KH%XLOGLQJ'HSDUWPHQWEXGJHWLVLQFUHDVHGWRSURYLGHFRQWUDFWHGLQVSHFWLRQVHUYLFHVDVZHOODVDQRSHUDWLRQDODXGLWRIWKHGHSDUWPHQW$GGLWLRQDOO\WKHUHDUHWUDQVIHUVWRWKH(FRQRPLF'HYHORSPHQW$XWKRULW\WRSURYLGH&LW\RIILFHVSDFHDVZHOODVWUDQVIHUVWRWKHYHKLFOHUHSODFHPHQWIXQG7KHVHIXQGVKHOSUHGXFHWKHQHHGWRERQGIRUHTXLSPHQWLQWKHIXWXUH <br />7KHRSHUDWLQJEXGJHWKDVGHFUHDVHGUHYHQXHVRIRYHUWKHEXGJHW7KLVLVGXHWRDQWLFLSDWHGGHFUHDVHLQOLFHQVHVDGSHUPLWVFKDUJHVIRUVHUYLFHVDQGLQYHVWPHQWVJLYHQWKHFXUUHQWHFRQRPLFVWDWH <br />3UHOLPLQDU\&LW\3URSHUW\7D[5DWH <br />7KHWD[UDWHLVFDOFXODWHGXVLQJWKH&LW\¶V7D[DEOH9DOXHRQSURSHUW\GLYLGHGE\WKHOHY\7KHOHY\LVPDGHXSRIWKH*HQHUDO)XQGSURSHUW\WD[OHY\QHHGHGWREDODQFHWKHEXGJHWDQGWKH&LW\¶VUHTXLUHGGHEWOHYLHVRQLWVRXWVWDQGLQJERQGV7KLVWDEOHEHORZVKRZVWKHLPSDFWRQWKLVWRYDULRXVKRPHYDOXHVLQWKH&LW\ <br />Market Homestead Taxing <br />Value Market Taxable District <br />Before Value Market Tax Portion of <br />Exclusion Exclusion Value Capacity Tax <br />Proposed Pay 2021 <br />Pay 2021 MV 76,000 @40% 500,000@1.0% (B7 x G) + <br />X 0.995 - rem @ 9% (D) - (E) rem @ 1.25% (B12 x D) <br />430,200 0 430,200 4,302 $1,009.98 <br />17,500 7,000 10,500 105 $24.65 <br />150,000 23,700 126,300 1,263 $296.51 <br />250,000 14,700 235,300 2,353 $552.41 <br />400,000 1,200 398,800 3,988 $936.26 <br />7KLVWDEOHVKRZVWKHLPSDFWRQWKHPHGLDQ <br />KRPHYDOXHRI7KHKRPHZLOOVHH <br />DGHFUHDVHLQPDUNHWYDOXH$VDUHVXOWRI <br />NHHSLQJWKHWD[UDWHIODWFRPELQHGZLWKWKH <br />ORZHUKRPHYDOXHWKLVKRPHRZQHUZLOOSD\ <br />LQFLW\WD[HVRUOHVVLQ <br />WKDQLQ