HomeMy WebLinkAboutLevy Limit Notice SOTA Department of Revenue r ' 2 @ 2 -- --
Property Tax Division Mail Station 3340 St, Pul, MN 55146 -33.40
Phone (612) 296 -31 A lea)¢
. Payable 1999 Overall Levy Limitation Notice Augusc_
s
OAK PARK HEIGHTS CITY OF
CLERK - TREASURER
CITY HALL -14168 57TH ST N
P.O. BOX 2007
STILLWATER, MN 55082
The payable 1999 overall levy limitation for your city is: $ 1,545,787
The following is a listing of the factors used in determining your city's payable 1999
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 1998: $ 1,520,263
2. Adjustment for Payable 1997 Market Value of New C/I Construction
a. Payable 1996 Total Taxable Market Value: $ 214,227,300
b. Payable 1997 Market Value of New C/I Construction: $ 425,000
c. Adjustment (1 + Ratio of (b) to (a)): 1.002
3. New Construction Adjusted Payable 1998 Levy Limit Base
(1 x 2c): $ 1,523,304
3. Implicit Price Deflator Adjustment (Mar. 98/Mar. 97): 1.018
4. Household Growth Adjustment
a. 1996 Households: 1,496
b. 1997 Households: 1,556
c. Ratio of 1997 to 1996 Households (b /a, but not less than
1.000): 1.040
6. Adjustment for Payable 1998 Market Value of New C/I Construction
a. Payable 1997 Total Taxable Market Value: $ 223,205,500
b. Payable 1. 998 Market Value of New C/I Construction: $ 1,714,154
c. Adjustment (1 + Ratio of (b) to (a)): 1.008
7. Adjusted Levy Limit Base for Payable 1999 ( 3 x 4 x 5c x 6c): $ 1,625,654
8. New Net Tax Capacity -Based Referendum Levies: $
9. 1999 Property Tax Aids
a. 1999 Certified Local Government Aid (LGA): $ 0
b. 1999 Certified Homestead and Agricultural Credit Aid
(HACA): $ 74,983
c. 1999 Certified Local Performance Aid (LPA): $ 4,884
d. 1999 Estimated Taconite Aids: $
e. 1999 Certified Existing Low Income Housing Aid: $
f. Total (a + b + c + d + e): $ 79,867
10. 1998 Tax Rate Excess Tax Increments: $
11. Payable 1999 Overall Levy Limitation (7 + 8 - 9f - 10): $ 1,545,787
An equal opportunity employer TTY/TDD: (612) 215 -0069