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<br />e <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 A V AILABLE FROM <br /> SHERBURNE COUNTY. THEREFORE, TAX RATES HAVE BEEN CALCULATED BASED ON <br /> SEVERAL ASSUMED NTC GROWTH RATES: 0%; 3%; 5%; & 7%. <br /> Actual 1 994 - 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 /> % INCREASE IN TAX RATE <br /> URBAN 10.85% 7.62% 5.58% 3.60% <br /> RURAL 56.74% 52.19% 49.30% 46.51 % <br /> $ INCREASE IN TAX DUE <br /> (Based on a NTC of 1,000) <br /> URBAN $23.31 $15.67 $11.47 $7.41 <br /> RURAL $74.46 $68.49 $64.69 $61.03 <br />e ASSUMING $215.000 GROSS TAX LEVY INCREASE <br /> Actual 1994 - 0% 1994 - 3% 1994-5% 1994 - 7% <br /> 1993 Growth Growth Growth Growth <br /> TAX RATE <br /> URBAN 20.560 23.172 22.499 22.070 21.659 <br /> RURAL 13.122 20.913 20.305 19.918 19.547 <br /> % INCREASE IN TAX RATE <br /> URBAN 12.70% 9.43% 7.34% 5.35% <br /> RURAL 59.37% 54.74% 51.79% 48.96% <br /> $ INCREASE IN TAX DUE <br /> (Based on a NTC of 1,000) <br /> URBAN $26.12 $19.39 $15.10 $10.99 <br /> RURAL $77.91 $71.83 $67.96 $64.25 <br /> <br />The Tax Rate, % Increase in Tax Rate and $ Increase in Tax Due are all estimates and will <br />chanQe based on the fina/1994 NTC as determined bv Sherburne County. <br /> <br />e <br /> <br />Page 2 <br />