HomeMy WebLinkAboutLevy Limit Notice MINNESOTA Department of Revenue
Property Tax Division Mail Station 3340 St. Paul, MN 55146 -334
Phone (612) 296 -3155 Fax (612) 297 -216
Payable 1998 Overall Levy Limitation Notice_.___ July 31, 1997
OAK PARK HEIGHTS CITY OF
CLERK - TREASURER
CITY HALL U d JUL 3 1 1997 1 J
P.O. BOX 2007
STILLWATER, MN 55082 OAK PARK OF
The payable 1998 overall levy limitation for your city is: $ 1,440,637
The following is a listing of the factors used in determining your city's payable 1998
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. Total Final Certified Levy for the Taxes Payable Year 1997: $ 1,394,918/
2. Payable 1997 Levy for Bonds and Certificates of Indebtedness
a. Bonded Indebtedness: $ 23,664
b. Certificates of Indebtedness: $
c. Armory Bonds: $
d. Bonds of Another Governmental Subdivision: $
e. Total (a + b + c + d): $ 23,664
3. Payable 1997 Market Value -Based Referendum Levy: $
4. 1997 Property Tax Aids
a. 1997 Certified Local Government Aid (LGA): $ 0
b. 1997 Certified Homestead and Agricultural Credit Aid (HACA): $ 74,329 %
c. 1997 Certified Local Performance Aid (LPA): $ 4 258 -
d. 1997 Taconite Aids: $ '
e. Total (a + b + c +d): $ 78,587
5. Beginning Levy Limit Base for Payable 1998 (1 - 2e - 3 + 4e): $ 1,449,841
6. Implicit Price Deflator Adjustment: 1.022
7. Household Growth Adjustment
a. 1995 Households: 1,458
b. 1996 Households: 1,496
c. Ratio of 1996 to 1995 Households (b /a, but not less than 1.000): 1.026
8. Adjusted Levy Limit Base for Payable 1998 (5 x 6 x 7c): $ 1,520,263
9. New Net Tax Capacity -Based Referendum Levies: $
10. 1998 Property Tax Aids
a. 1998 Certified Local Government Aid (LGA): $ 0
b. 1998 Certified Homestead and Agricultural Credit Aid (HACA): $ 74,493
c. 1998 Certified Local Performance Aid (LPA): $ 5 133
d. 1998 Taconite Aids: $ '
e. Total (a + b + c + d): $ 79,626
11. Payable 1998 Overall Levy Limitation (8 + 9 - I Oe): $ 1,440,637
An equal opportunity employer TTY/TDD: (612) 215 -0069