7.10. SR 08-21-1995 - Laserfiche WebLink

Home Browse Search

I~ZITTNESOTA Department of Revenue Property Tax Division Mail Station 3340 St. Faul, MN 55146-3340 Phone (612) 296-5141 Fax (612) 297-2166 • July 21, l 995 TO: CITIES RE: NOTICE OF 1996 LOCAL GOVERNMENT AID The amount of your city's 19961oca1 government aid has been determined and is shown on the enclosed notice. The notice also lists the factors used to determine your city's 1996 local. government aid. Following is an explanation of these factors. 1. PRE-1940 HOUSING UNITS: This is the total number of housing units in your city that .were constructed before 1940 according to the 1990 Federal Census. 2. TOTAL HOUSING UNITS:- This is the total number of all housing units in your city (both vacant and occupied) according to the 1990 Federal Census. 3. PRE-1940 HOUSING PERCENTAGE: This is the result of dividing the total number ofpre-1940 housing units (line 1) by the total number of housing units (line 2), multiplied by 100. 4. 1984 POPULATION: This is the April 1, 1984 population estimate for your city as determined by the State Demographer. 5. 1994 POPULATION: This is the April 1,.1994 population estimate for your city as determined by the State Demographer (for nonmetropolitan cities) or by the Metropolitan Council (for cities within the seven county metropolitan area). 6. POPULATION DECLINE PERCENTAGE:. If your city's 1984 population (line 4) is greater than yaur city's 1994 population (line 5), this is the result of subtracting line 5 from line 4 and dividing. the difference by line 4, multiplied by 100. If your city's 1994 population is greater than your city's 1984 population, your population decline percentage is zero. 7. 1994 TOTAL CLASS 3 REAL PROPERTY MARKET VALUE: This is the total 1994 (taxes payable 1995) Class 3 mazket value of all .commercial, .industrial, and employment properties in your city, before any adjustments for fiscal disparities and excluding public utility properties. These values are not equalized. 8. 1994 TOTAL REAL AND PERSONAL MARKET VALUE: This is the total 1994 (taxes payable 1995) real and personal mazket value of your city before any adjustments for fiscal disparities, but after any limited mazket value adjustments. These values are not equalized. 9. COMMERCIAL/INDUSTRIAL PERCENTAGE: This is the result of dividing your city's total. Class 3 market value (line 7) by your city's total real and personal market value (line 8), and multiplying the result by 100. continued.... An equal opportunity employer TDD: (612) 215-0069