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PRELIMINARY ESTIMATE OF 1998 TAX RATE <br /> <br />Estimated Valuation data received from Sherburne County on October 2, 1997. <br /> <br />Value Year 1996 1997 Percent <br />Taxes Payable Year 1997 1998 ChanRe <br /> <br />Market Value <br /> <br />565,589,913 646,244,554 14.26% <br /> <br />Total NTC 12,251,909 12,681,358 3.51% <br />TIF 326,877 278,710 -14.74% <br />Taxable NTC 11,925,032 12,402,648 4.01% <br /> <br />Estimated Payable 1998 Tax Rate 26.613% <br />Increase of 7.82% or 1.930 points. <br />Levy reduction required to match 1997 Tax Rate of 24.683 <br /> <br />Estimated Tax Rate is based on September 8 levy resolution as approved by Council <br />and estimated Tax Capacity information from Sherburne County. <br /> <br />[ 239,413J <br /> <br />10/22/97:TAXCOMP.XLS <br /> <br /> <br />