HomeMy WebLinkAboutLevy Limits-State MINNESOTA• REVENUE
Payable 2010 Final Overall Levy Limitation Notice
OAK PARK HEIGHTS 11/23/2009
ADMINISTRATOR
CITY HALL -REVISED -
P.O. BOX 2007
STILLWATER, MN 55082
'The following is a listing of the factors used in determining your city's payable 2010 overall levy limitation.
1. PAYABLE 2009 ADJUSTED LEVY LIMIT BASE 3,587,410
2. INFLATION ADJUSTMENT (0.8337 %) 1.008337
3A. 2007 1IOUSEHOLD POPULATION 2,038
3B. 2008 HOUSEHOLD POPULATION 2,056
3C. 50 PERCENT OF HOUSEHOLD INCREASE ((313 - 3A) x.5) 9
>D. HOUSEHOLD ADJUSTMENT FACTOR - GREATER OF 1 OR (1 + 3C /3A) 1.004416
4A. PAYABLE 2008 TOTAL TAXABLE, MARKET VALUE 673,570,600
4B. PAYABLE 2009 MARKET VALUE - NEW INDUSTRIAL CONSTRUCT 0
4C. PAYABLE 2009 MARKET VALUE - NEW COMMERCIAL CONSTRUCT 8,034,600
4D. PAYABLE 2009 MARKET VALUE - NEW C/I CONSTRUCT (413 + 4C) 8,034,600
4E. 50 PERCENT OF MARKET VALUE OF NEW C/I CONSTRUCT (4D x.5) 4,017,300
4F. N1W C/I ADJUSTMENT FACTOR - GREATER OF 1 OR (1 + 4E /4A) 1.005964
5. PAYABLE 2010 ADJUSTED LEVY LIMIT BASE (1 x 2 x 3D x 4F) 3,654,961
6A. 2010 CERTIFIED LOCAL GOVERNMENT AID 0
613. 2010 ESTIMATED TACONTIE AIDS 0
6C. 2010 ESTIMATED WIND ENERGY PRODUCTION TAX 0
61). 2010 CERTIFIED UTILITY VALUATION 'TRANSITION AID 102,947
6F.. 2010 TOTAL CITY AID (6A + 6B + 6C + 6D) 102,947
7. PAYABLE 2010 FINAL OVERALL LEVY LIMIT (5 - 6E) 3,552,014
l'roperq fax Division M. 651 -556 -6095
Mail Station 3340 hia 651- 556 -3128
St Paul, MN 55146 -3340 sir Call 711 for Minnesota
An equal opportumn' emplover
MINNESOTA• REVENUE
Certification of Payable 2010 Special Levies Approved
OAK PARK HEIGHTS 11/23/2009
The following is a certification of the results of the Department of Revenue's review of your city's special
levy claims for the taxes payable year 2010.
SPECIAL LEVIES CLAIMED APPROVED
A. Bonded Indebtedness (Net Tax Capacity Based) 502,000 502,000
B. Certificates of Indebtedness 0 0
C. Payments for Bonds of another Local Unit 0 0
D. Principal and Interest on Armory Bonds 0 0
E. Market Value Based Referendum Levies 0 0
F. Increases in Matching Fund Requirements 0 0
G. Preparing /Repairing the Effects of Natural Disasters 0 0
11. Correction for an Error 0 0
L Economic Development "Tax Abatements 0 0
J. PERA Employer Contribution Rate Increases 0 0
1_.. Operation of a Lake Improvement District 0 0
M. Repayment of a State or Federal Loan 0 0
N. Costs for a Local Police or Salaried Firefighters RA 0 0
O. Storm Sewer Improvement District Costs 0 0
P. Society for the Prevention of Cruelty to Animals Costs 0 0
R. Foreclosed or Abandoned Residential Property Costs 0 0
S. Costs Associated with the Collapse of 135W Bridge 0 0
T. Wages and Benefits of Sheriff, Police, and Fire 0 0
U. 2008 and 2009 Unallotted Aids and Credits 123,635 123,635
Total Payable 2010 Special Levies 625,635 625,635
Payable 2010 Final Overall Levy Limit 3,552,014
Payable 2010 Maximum Allowable Levy 4,177,649
Propern' Tax Division Tel. 651 -556 -6095
Mail Station 3340 1-= 651- 556 -3128
St. Paul, MN 55146 -3340 77Y Call 711 for Minnesota
An equal opporhumry emplover