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Table 9 <br />Arden Hills Estimated 2010 and 2012 Population and Housing Units <br />Estimated <br />Po ulation <br />Housing Units <br />Persons <br />er Unit <br />2010 Bedrooms <br />Persons <br />per <br />Residential Type <br />2010 <br />2012 <br />2010 <br />2012 <br />2010 <br />2012 <br />Number <br />bedroom <br />Bethel Exempt 2 <br />1,778 <br />1,778 <br />0 <br />0 <br />NA <br />NA <br />NA <br />NA <br />Other Exempt 7 <br />350 <br />350 <br />162 <br />162 <br />2.160 <br />2.160 <br />NA <br />NA <br />Residential Apartment 4 <br />155 <br />155 <br />103 <br />103 <br />1.505 <br />1.505 <br />NA <br />NA <br />Residential Condominium 1 <br />104 <br />104 <br />71 <br />71 <br />1.465 <br />1.465 <br />NA <br />NA <br />Residential Duplex 10 <br />30 <br />30 <br />15 <br />15 <br />2.000 <br />2.000 <br />34 <br />0.88 <br />Residential Mobile Home Park 1 <br />686 <br />686 <br />269 <br />269 <br />2.550 <br />2.550 <br />NA <br />NA <br />Residential Single Family 2070 <br />5,549 <br />5,624 <br />2,070 <br />2,098 <br />2.681 <br />2.681 <br />7,102 <br />0.78 <br />Residential Townhouse 349 <br />635 <br />635 <br />349 <br />349 <br />1.819 <br />1.819 <br />892 <br />0.71 <br />Commercial Residential and Other 31 <br />2651 <br />2651 <br />141 <br />141 <br />NAI <br />NAI <br />NA <br />NA <br />Total <br />1 9,5521 <br />9,6271 <br />3,0531 <br />3,0811 <br />3.1291 <br />3.1251 <br />8,028 <br />NA <br />Note: Estimated 2012 Population increase = 28 additional single family housing units * 2.68 persons per unit=75 persons <br />A. Commercial/Industrial Fiscal Disparities Contribution <br />Table 10 shows that about 32 % of the city's taxable market value and 48% of its Tax Capacity <br />comes from Commercial / Industrial (C/I) land use. As a result, in 2012 Arden Hills <br />contributed about 37% of its C/I Tax Capacity to the metropolitan regional pool under the <br />Fiscal Disparities Law, or $2,505,319. Using the 2011 Tax rate of According to the law, 40% <br />of the increase in Cl value since 1971 is contributed to the regional Fiscal Disparities pool. <br />Since much of the city's Cl growth has occurred since 1971, Arden Hills' contribution comes <br />very near to (but will never exceed) 40%. Detailed information on how much each C/I <br />property contributes is not yet available, so the amounts for each land use are approximate, <br />using the citywide average of 37.423%. Map 9 shows the distribution of Arden Hills' Fiscal <br />Disparities contribution. <br />B. Residential Fiscal Disparities Distribution <br />As stated earlier, the distribution a city or township (minor civil division, or "MCD") receives <br />from Fiscal Disparities is based on a formula that uses the inverse of market value per capita. <br />To illustrate, the calculation of Arden Hills' distribution is shown below. <br />First, each MCD's taxable market value is equalized for differences in assessment practices, <br />and the amount contributed to Fiscal Disparities is deducted to derive the Indicated Market <br />Value (IMV). Since we do not yet have the actual parcel amounts, the total estimated <br />Indicated Market Value for Arden Hills for 2012 was $997,260,763. Arden Hills' IMV per <br />capita was $997,260,763 divided by the 2010 population of 9,552, to derive an IMV per capita <br />of $104,403 . <br />17 <br />