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Class Description Rate <br /> <br />4a Rental housing <br /> four or more units, including private for-profit hospitals 2.40% <br /> <br /> selected small cities, four or more units** 2.15% <br />4b(1) Single units not qualifying for 4bb and residential nonhomestead two and three units 1.65% <br />4b(2) Unclassified manufactured homes 1.65% <br />4b(3) Farm nonhomestead containing more than one residence but fewer than four along with 1.65% <br /> the acre(s) and garage(s) <br /> <br />4b(4) Residential nonhomestead not containing a structure 1.65% <br /> <br />4bb(1) <br /> <br />Residential nonhomestead single unit <br /> first $76,000 <br /> over $76,000 <br /> <br />1.20% <br />1.65% <br /> <br />4bb(2) <br /> <br />Single house, garage and 1s' acre on ag nonhomestead land <br />First $76,000 1.20% <br />Over $76,000 1.65% <br /> <br />4c(1) <br /> <br />Seasonal recreational residential <br /> commercial <br /> <br />1.65% <br /> <br />non-commercial <br />first $76,000 1.20% <br />over $76,000 1.65% <br /> <br />4c(2) Qualifying golf courses 1.65% <br /> <br />-- 4c(3) Nonprofit community service oriented organization <br /> <br />1.65% <br /> <br />4c(4) Post secondary student housing 1.20% <br />4c(5) Manufactured home parks 1.65% <br />4c(6) Metro non-profit recreational property 1.65% <br />4c(7) Certain leased or privately owned non-commercial aircraft storage hangars (includes 1.65% <br /> land) <br />4d Qualifying 4d properties - land and buildings (includes qualifying units of structures of <br /> 1 - 3 units and qualifying units of structures of 4 or more units) 1.00% <br />5(2) Unmined iron ore 3.40% <br /> <br /> Low recovery iron ore 3.40% <br />5(3) Ali other property not included in any other class 3.40% <br /> <br />** Cities of 5,000 population or less and located entirely outside the seven county metropolitan area and the adjacent <br />nine county area and whose boundaries are 15 miles or more from the boundaries of a Minnesota city with a population <br />over 5,000. <br /> <br />***Only those structures currently under development or planned for development can qualify. <br /> <br />Ehlers and Associates - How to Calculate TIF <br /> <br /> <br />