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<br />. <br /> <br />1994 TAX LEVY, TAX RATE AND STATE AID DATA <br /> <br />THE 1994 GROSS LEVY IS PROPOSED TO INCREASE $185,000. THE TAX RATIO WAS CHANGED <br />TO .9 FOR 1994. THE NET TAX CAPACITY FOR 1994 TAXES IS NOT AVAILABLE FROM <br />SHERBURNE COUNTY. THEREFORE, TAX RATES HAVE BEEN CALCULATED BASED ON <br />SEVERAL ASSUMED NTC GROWTH RATES: 0%; 3%; 5%; & 7%. <br /> <br /> Actual 1994 - 0% 1994 - 3% 1994 - 5% 1994-7% <br /> 1993 Growth Growth Growth Growth <br />TAX RATE <br />URBAN 20.560 22.791 22.127 21 .707 21.301 <br />RURAL 13.122 20.568 19.971 19.591 19.225 <br /> <br />% INCREASE IN TAX RATE <br />URBAN <br />RURAL <br /> <br />10.85% <br />56.74% <br /> <br />7.62% <br />52.19% <br /> <br />5.58% <br />49.30% <br /> <br />3.60% <br />46.51 % <br /> <br />$ INCREASE IN TAX DUE <br />(Based on a NTC of 1,000) <br />URBAN <br />RURAL <br /> <br />$23.31 <br />$74.46 <br /> <br />$15.67 <br />$68.49 <br /> <br />$11.47 <br />$64.69 <br /> <br />$7.41 <br />$61.03 <br /> <br />The Tax Rate, % Increase in Tax Rate and $ Increase in Tax Due are all estimates and will <br />e chanQe based on the final 1994 NTC as determined bv Sherburne County. <br /> <br />e <br /> <br />Page 2 <br />