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adjustments axe accepted the levy could be reduced by $586,580 or 5.5%, resulting in a tax <br />rate of 48.70%. Since over 70% of our tax base is in residential (Attachment #4). The <br />majority of residential homestead properties would see a decrease in the city portion of the <br />property tax bill. See tax impact estimates (Attachment #3) for a sample of actual properties <br />in Elk River. <br />Attachments• <br />1. Vacant/Requested Positions <br />2. General Fund Tax Levy Worksheet <br />3. Tax Impact Estimates <br />4. Elk River Market Value by Class <br />5. 2012 Proposed Tax Rates (Sherburne County) <br />6. 2012 Appropriations Summary (General Fund) <br />7. 2012 Revenue Summary (General Fund) <br />C:\Users\jjohnson\AppData\I.ocal\Microsoft\Windows\Temporuy Internet <br />Files\Content.Outlook\SFWAYSNS\Budgetdiscussionl12111.doc <br />