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.4a.nciot,_�L <br /> PRELII1f;NARY WFORMATlOW-FOR DISCUSSION ONLY q//.S-//C-) <br /> Elk River School Distftt No. 728 dune 27,2014 <br /> Analysis of Tax Impact for potential (Facility and Operating Referendum Scenarios <br /> Scenario 1:$98 Mill.Building Bonds;Alt.Facilities All Bonds Thru FY21; Increase in operating Ref.to$760 <br /> Increase in Net Decrease Increase in Net Change <br /> Taxes for in Other Debt( Operating in Tax <br /> New Bonds Facilities Levies Referendum Levies <br /> �+ <br /> $1,565,554 -$5,149,536 $4,062,438 $478,456 <br /> Estimated Tax Rates Payable in 2015* n <br /> Market Value Rate 0.07153% 0.07153% <br /> Tax Capacity Rate 2.54% -8.36% -5.82% <br /> Estimated Estimated Change in <br /> L Type of property Market Value Taxes Payable in 2015 <br /> — $125,000 $25 -$83 $89 $31 -- <br /> 200,000 46 -151 143 38 <br /> Residential 250,000 60 -197 179 42 <br /> Homestead 300,000 74 -242 215 47 <br /> 350,000 87 -288 250 49 <br /> 400,000 101 -333 286 54 <br /> 450,000 114 -376 322 60 <br /> 600,000 159 -522 429 66 <br /> 750,000 206 -679 536 63 <br /> $250,000 $108 -$355 $179 -$68 <br /> Commercial/ 500,000 235 -773 358 -180 <br /> Industrial+ 800,000 388 -1,275 572 -315 <br /> 1,000,000 489 -1,609 715 -405 <br /> 2,000,000 997 -3,281 1,431 -853 <br /> $500,000 $159 -$522 $358 -$5 <br /> Apartments 1,250,000 397 -1,306 894 -15 <br /> 2,000,000 635 -2,090 1,431 -24—J <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 /> L <br /> Taxlrn act 14 <br /> _ <br /> LEADERS IN PUBLIC FINANCE p p <br />