HomeMy WebLinkAboutLevy Limit & Taxable Valuation JULY 27, 1990
PAYABLE 1991 LEVY LIMIT CALCULATION FOR THE CITY OF OAK PARK HEIGHTS
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1. PAYABLE 1990 ADJUSTED LEVY LIMIT BASE: * $ 1,108,430
2. INFLATION ADJUSTMENT: 1.03
3. INFLATION ADJUSTED 1991 LEVY LIMIT BASE (1X2): $ 1,141,683
4. ADJUSTMENT FOR GROWTH IN POPULATION OR HOUSEHOLDS
(USES ONE -HALF OF THE GREATER OF THE FOLLOWING RATIOS)
POPULATION HOUSEHOLDS
---- - - - - -- ---- - - - - --
A. 1989 3,844 1,325
B. 1988 3,751 1,313
C. RATIO (1989/1988) 1.025 1.009
D. ADJUSTMENT FOR GROWTH: ** 1.013
5. POPULATION /HOUSEHOLD ADJUSTED 1991 LEVY LIMIT BASE (3X4D): $ 1,156,525
6. ADJUSTMENT FOR RECENT ANNEXATION
A. 1989 POPULATION OF ANNEXED AREA 0
B. 1989 POPULATION OF CITY EXCLUDING
ANNEXED AREA 3,844
C. RATIO (6A /6B) .000
D. ADJUSTMENT FOR ANNEXATION(1.0 +6C) 1.000
7. RECENT ANNEXATION ADJUSTED 1991 LEVY LIMIT BASE (5X60: S 1,156,525
8. REFERENDUM LEVY LIMIT BASE ADJUSTMENTS: $ 0
9. LEVY LIMIT BASE ADJUSTMENT FOR 100% OF 1990 AID REDUCTION: $ 0
10. FINAL ADJUSTED 1991 LEVY LIMIT BASE (7 +8-9): $ 1,156,525
11. 1991 STATE PAID AIDS:
A. 1991 LOCAL GOVERNMENT AID: $ 0
B. 1991 TACONITE AID: $ 0
C. CITY DISTRIBUTION OF EXCESS TAX INCREMENT TAXES: * ** $ 0
D. TOTAL (11A +11B +11C): $ 0
12. PAYABLE 1991 LEVY LIMITATION (10 -110: $ 1,156,525
* FINAL ADJUSTED 1990 LEVY LIMIT BASE FROM LINE 9 OF THE CITY OR TOWN'S
PAYABLE 1990 LEVY LIMIT NOTICE.
** USES ONE -HALF OF THE GREATER OF THE TWO RATIOS. IF THE RATIO IS LESS
THAN 1.000, IT HAS BEEN CHANGED TO THE NUMBER 1.000.
*** DISTRIBUTED UNDER M.S. 469.177, SUBD. 9.
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WASHINGTON COUNTY
GOVERNMENT CENTER
" S7gY•%IO A ' SS OFFICE OF AUDITOR - TREASURER
14900 61ST STREET NORTH STILLWATER, MINNESOTA 55082
6121779 -5408
R. H. Stafford Mary Lou Larson T. R. Greeder
Auditor - Treasurer Executive Assistant Asst. Auditor - Treasurer
Pam Mattila, CPA Gary Poser Nancy McPherson
Finance Manager Tax - Elections Manager License - Records - Manager
July 24, 1990
To the City Clerk:
Enclosed you will find a form for Certificate of Taxes Voted, Bond
Filed, and Officers Elected.
All taxes must be levied or voted in specific amounts, and the local
tax rates will be determined from the amounts of taxable property,
such rates being calculated and fixed by the County Auditor pursuant
to M.S. 275.08.
For your guidance at the approaching budget hearing, the taxable
valuation of your city for payable 1990 was $ 6.817,747
(after adjustments for TIF, Powerline, Fiscal Disparity Contribution,
and Fiscal Disparity Distribution).
Please submit your proposed levy to this office by September 1, 1990,
and submit your final levy by December 28, 1990. No funds can be paid
to the City Treasurer unless your Bond Certificate is filed with the
Auditor.
Sincerely,
R. H. Stafford
Auditor- Treasurer
4 0.0 ( 9 a
By Joanne Helm
Deputy
Washington County does not discriminate on the basis of race, color, national
origin, sex, religion, age and handicapped status in employment or the provision
of services.