HomeMy WebLinkAboutLevy Limitation Notice 1VRNNESOTA Department Revenue
Property Tax Division Mail Station 3340 :Paul, MN 55146 -3340
Phone (651) 296 -5 (6 297 -2166
Payable 2000 Overall Levy Limitation Notice 'July 28, 1999
OAK PARK HEIGHTS CITY OF
CLERK - TREASURER
CITY HALL
P.O. BOX 2007
STILLWATER, MN 55082
The payable 2000 overall levy limitation for your city is: $ 1,641,480
The following is a listing of the factors used in determining your city's payable 2000
overall levy limitation. See the enclosed letter for an explanation of these factors and for
additional information concerning your city's overall levy limitation.
1. Adjusted Levy Limit Base for Payable 1999: $ 1,625,654
2. Implicit Price Deflator Adjustment (Mar. 99/Mar. 98): 1.015
3. Household Growth Adjustment
a. 1997 Households: 1,556
b. 1998 Households: 1,543
c. Ratio of 1998 to 1997 Households (b /a, but not less than
1.000): 1.000
4. Adjustment for Payable 1999 Market Value of New C/I Construction
a. Payable 1998 Total Taxable Market Value: $ 238,211,800
b. Payable 1999 Market Value of New C/I Construction: $ 10,923,932
c. Adjustment (1 + Ratio of (b) to (a)): 1.046
5. Adjusted Levy Limit Base for Payable 2000 (1 x 2 x 3c x 4c): $ 1,725,941
6. New Net Tax Capacity -Based Referendum Levies: $
7. 2000 Property Tax Aids
a. 2000 Certified Local Government Aid (LGA): $ 4,878
b. 2000 Certified Homestead and Agricultural Credit Aid
(HACA): $ 79,583
c. 2000 Estimated Taconite Aids: $
d. 2000 Certified Existing Low Income Housing Aid: $
e. Total (a + b + c +d): $ 84,461
8. 1999 Tax Rate Excess Tax Increments (Increase Over 1997): $ 0
9. Payable 2000 Overall Levy Limitation (5 + 6 — 7e — 8): $ 1,641,480
An equal opportunity employer 7TY/TDD: (651) 215 -0069