HomeMy WebLinkAboutLevy Limit - State MINNESOTA. REVENUE
Payable 2011 Final Overall Levy Limitati o n Notice
OAK PARK HEIGHTS 8/11/2010
ADMINISTRATOR
CITY HALL
P.O. BOX 2007
STILLWATER, MN 55082
The following is a listing of the factors used in determining your city's payable 2011 overall levy limitation.
1. PAYABLE 2010 ADJUSTED LEVY LIMIT BASE 3,654,961
2. INFLATION ADJUSTMENT (1.6784 %) 1.016784
3A. 2008 HOUSEHOLD POPULATION 2,056
3B. 2009 HOUSEHOLD POPULATION 2,033
3C. 50 PERCENT OF HOUSEHOLD INCREASE ((3B - 3A) x .5) -12
3D. HOUSEHOLD ADJUSTMENT FACTOR - GREATER OF 1.0 OR (1 + 3C /3A) 1.000000
4A. PAYABLE 2009 TOTAL TAXABLE MARKET VALUE 718,753,400
4B. PAYABLE 2010 MARKET VALUE - NEW INDUSTRIAL CONSTRUCT 0
4C. PAYABLE 2010 MARKET VALUE - NEW COMMERCIAL CONSTRUCT 941,900
4D. PAYABLE 2010 MARKET VALUE - NEW C/I CONSTRUCT (4B + 4C) 941,900
4E. 50 PERCENT OF MARKET VALUE OF NEW C/I CONSTRUCT (4D x .5) 470,950
4F. NEW C/I ADJUSTMENT FACTOR - GREATER OF 1.0 OR (1 + 4E /4A) 1.000655
5. PAYABLE 2011 ADJUSTED LEVY LIMIT BASE (1 x 2 x 3D x 4F) 3,718,740
6A. 2011 CERTIFIED LOCAL GOVERNMENT AID 0
6B. 2011 ESTIMATED TACONTIE AIDS 0
6C. 2011 ESTIMATED WIND ENERGY PRODUCTION TAX 0
6D. 2011 CERTIFIED UTILITY VALUATION TRANSITION AID 0
6E. 2011 TOTAL CITY AID (6A + 6B + 6C + 6D) 0
7. PAYABLE 2011 INITIAL OVERALL LEVY LIMIT (5 - 6E) 3,718,740
Property Tax Division Tel: 651 -556 -6095
Mail Station 3340 Fax: 651 -556 -3128
St. Paul, MN 55146 -3340 TTY.. Call 711 for Minnesota
An equal opportunity employer