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1999 TAX LEVY
<br />PRELIMINARY INFORMATION
<br />
<br />Taxes Payable Taxes Payable
<br />1999 1998
<br />
<br />Total Net Tax Capacity 12,678,525 *
<br />TIF Tax Capacity 229,261 *
<br />Taxable Net Tax Capacity 12,449,264 *
<br />Taxable NTC Growth 0.53%
<br />Market Value 713,577,813 *
<br />Referendum Market Value 708,013,324 *-
<br />Market Value Growth 10.48%
<br />
<br />Tax Rate
<br />
<br /> 12,644,462
<br /> 261,339
<br /> 12,383,123
<br /> 3.84%
<br />645,916,470
<br />641,022,445
<br /> 14.20%
<br />
<br />26.255%
<br />
<br />Levy Limit 3,404,623 2,956,151
<br />HACA 601,079 601,385
<br />
<br />*Preliminary Information from CountyAuditor
<br />August 3, 1998.
<br />
<br />ESTIMATED TAX RATES
<br />
<br /> Levy to 26.255
<br /> Levy to Limit Tax Rate
<br />Levy Limit (1) 3,404,623 2,840,127
<br />Matching Grants 64,922 64,923
<br />Debt Levies 363,504 363,504
<br />TOTAL NET LEVY (2) 3,833,049 3,268,554
<br />
<br />TAX RATE 30.789% 26.255%
<br />
<br />As Proposed
<br /> 31-Aug
<br /> 3,054,248
<br /> 64,922
<br /> 363,504
<br /> 3,482,674
<br />
<br />27.975%
<br />
<br />(1).Levy Limit includes General Fund, Library ($62,500), Dam Loan ($32,572),
<br />Development Fund, Surface Water Management (non-debt portion),
<br />and Infrastructure/Capital Improvements. Only the Library and Dam Loan
<br />have minimum levy requirements.
<br />
<br />(2) To determine the Gross Levy, add HACA of $601,079
<br />
<br />Maximum Education Credit increases from $225 to $320.
<br />Sherburne County's NTC decreased 2.75 percent for taxes payable 1999.
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<br />9/9/98:8:35 AM
<br />Taxlevy
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