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HCzno u_+ (P C <br /> PRELIMINARY INFORMATION-FOR DISCUSSION ONLY 0//5 1 <br /> Elk River School District No. 728 June 25,2014 <br /> Analysis of Tax Impact for Potential Facility and Operating Referendum Scenarios <br /> Scenario 2:$22.7 Mill.Lease Financing;Alt. Facilities All Non-Bond Levy; No Operating Referendum Increase <br /> Increase in Net Decrease Increase in Net Change <br /> Taxes for in Other Debt/ Operating in Tax <br /> Lease Levy Facilities Levies Referendum Levies <br /> $2,063,930 $0 $0 $2,063,930 <br /> Estimated Tax Rates Payable in 2015* <br /> Market Value Rate 0.00000% 0.00000% <br /> Tax Capacity Rate 3.35% 0.00% 3.35% <br /> Estimated Estimated Change in <br /> Type of Property Market Value Taxes Payable in 2015 <br /> $125,000 $33 $0 $0 $33 <br /> 200,000 61 0 0 61 <br /> Residential 250,000 79 0 0 79 <br /> Homestead 300,000 97 0 0 97 <br /> 350,000 115 0 0 115 <br /> 400,000 134 0 0 134 <br /> 450,000 151 0 0 151 <br /> 600,000 209 0 0 209 <br /> 750,000 272 0 0 272 <br /> $250,000 $142 $0 $0 $142 <br /> Commercial/ 500,000 310 0 0 310 <br /> Industrial + 800,000 511 0 0 511 <br /> 1,000,000 645 0 0 645 <br /> 2,000,000 1,315 0 0 1,315 <br /> $500,000 $209 $0 $0 $209 <br /> Apartments 1,250,000 523 0 0 523 <br /> 2,000,000 837 0 0 837 <br /> * The figures in the table are based on school district taxes for the operating referendum,debt service,and other facility-related <br /> purposes only(lease levy, health and safety, and alternative facilities),and do not include tax levies for other purposes. Tax <br /> changes shown above are gross changes, not including the impact of the state Property Tax Refund("Circuit Breaker") <br /> program. <br /> + For commercial-industrial property in Anoka and Hennepin Counties,the tax impact would be less than shown above,due to <br /> the impact of the Twin Cities Fiscal Disparities Program. <br /> EHLERS <br /> Taximpact 14o <br /> �� LEADERS IN PUBLIC FINANCE <br />