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12/04/2012 <br /> Other impacts <br /> ►it <br /> Changes made to one area may have an <br /> impact to another area <br /> • Value changes <br /> • Legislative <br /> • Improvements 40.°4e( <br /> The city approves the tax levy amount,the distribution <br /> and rate impacts are affected by changes in property <br /> value,and legislated class rates. <br /> Class Rates <br /> a ' <br /> illt•r <br /> Type of Property NTC Class Rate <br /> Residential Homestead <br /> first$500,000 1.00% <br /> over$500,000 1.25% <br /> Commercial/Ind. <br /> first$150,000 1.50% <br /> over$150,000 2.00% <br /> Rental Housing <br /> four or more units 1.25% <br /> Seasonal Residential <br /> Recreational <br /> first$500,000 1.00% <br /> over$500,000 1.25% <br /> For more class rates see www revenue.state mn.us <br /> City Tax Levy <br /> lover <br /> • <br /> • Tax Levy Components <br /> • Levy by Use <br /> 5 <br />