Laserfiche WebLink
• CITY OF ELK RIVER <br /> TAX REBATE FINANCING PROJECTION WORKSHEET <br /> Project Name: Gradient Technology Expansion/Relocation <br /> TRF Project: 13,000-sq.ft.light manufacturing facility,located on 1.5-acres <br /> Assumption: Projection is based on estimated payable 2004 tax rates and estimated project market value. <br /> The Project will be assessed upon actual tax rates and market value in the year following construction. <br /> 1 6 fir; "` ,, ,, a .,_.0 a �! <br /> moi �;�- <br /> State Class Rate ASSUMPTIONS <br /> Up to $150,000 0.015 Pay 2004 <br /> Over $150,000 0.020 Pay 2004 <br /> Tax Capacity Rate <br /> City Portion 0.43734 Pay 2004 Est. <br /> County Portion 0.44363 Pay 2004 Est. <br /> School District Portion 0.32709 Pay 2004 Est. <br /> State Portion 0.54447 Pay 2004 Est. <br /> Other Jurisdictions* 0.03559 Pay 2004 Est. <br /> Total Tax Capacity Rate 1.78812 Pay 2004 Est. <br /> • <br /> Land Value $.. <br /> Building Value t <br /> Total Assessed Market Value ;1- $poittocapnim <br /> MAX Years of TRF Project E.. ?,,ivitagesirg <br /> Property's Total Tax Capacity $ 19,250.00 <br /> City Portion $ 8,418.80 <br /> County Portion $ 8,539.88 <br /> School District Portion $ 6,296.48 <br /> State Portion $ 10,481.05 <br /> Other Jurisdictions $ 685.11 <br /> Total Estimated Real Estate Taxes $ 34,421.31 <br /> a ,... ... . ._, eF0,7_ <br /> Land Cost= 1.61/sf <br /> City 1/2: $52,598.50 6 <br /> County 1/2: $52,598.50 6 <br /> "Amount of abatement will vary depending on market value,tax rates,class rates,construction schedule and inflation on MV. <br /> "Includes City HRA,City EDA,County HRA,County Rail Authority <br /> • *Does not include Market Value School Excess Levy Referendum 2003 rate of 0.07597% <br /> FI LE:g radtechTRF.xls 1/22/2004 <br />