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Table 10
<br />Arden Hills Contribution to Fiscal Disparities
<br />Fiscal Disparities Contribution***
<br />Estimated
<br />Commercial / Industrial
<br />Adjusted Taxable
<br />Tax
<br />Taxable
<br />Tax
<br />Tax
<br />Land Use
<br />Market Value*
<br />Capacity**
<br />Market Value
<br />Capacity
<br />Revenue****
<br />Commercial Entertainment
<br />$1,528,854
<br />$30,151
<br />$572,142
<br />$11,283
<br />$2,729
<br />Commercial Medical
<br />$5,454,326
<br />$109,937
<br />$2,041,169
<br />$41,142
<br />$9,951
<br />Commercial Office
<br />$171,362,394
<br />$3,530,790
<br />$64,128,841
<br />$1,321,325
<br />$319,588
<br />Commercial Other
<br />$3,629,471
<br />$72,899
<br />$1,358,254
<br />$27,281
<br />$6,598
<br />Commercial Residential
<br />$4,137,889
<br />$42,848
<br />$1,548,520
<br />$16,035
<br />$3,878
<br />Commercial Restaurant
<br />$4,222,738
<br />$83,674
<br />$1,580,273
<br />$31,313
<br />$7,574
<br />Commercial Service
<br />$8,971,605
<br />$180,512
<br />$3,357,439
<br />$67,553
<br />$16,339
<br />Commercial Shopping
<br />$17,383,705
<br />$355,484
<br />$6,505,493
<br />$133,032
<br />$32,176
<br />Commercial Warehouse
<br />$31,169,755
<br />$636,459
<br />$11,664,638
<br />$238,183
<br />$57,609
<br />Industrial
<br />$49,138,460
<br />$1,002,546
<br />$18,389,058
<br />$375,181
<br />$90,745
<br />Railroad
<br />$4,741,762
<br />$93,668
<br />$1,774,506
<br />$35,053
<br />$8,478
<br />Utility
<br />$4,481,277
<br />$91,296
<br />$1,677,025
<br />$34,165
<br />$8,263
<br />Vacant Commercial Land
<br />$21,859,533
<br />$440,125
<br />$8,180,481
<br />$164,710
<br />$39,838
<br />Vacant Industrial Land
<br />$1,205,899
<br />$24,219
<br />$451,283
<br />$9,063
<br />$2,192
<br />Subtotal
<br />$329,287,668
<br />$6,694,609
<br />$123,229,122
<br />$2,505,319
<br />$605,960
<br />Residential and Other Land
<br />Use
<br />$714,132,032
<br />$7,384,290
<br />Totals
<br />$1,043,419,700
<br />$14,078,884
<br />$123,229,122
<br />$2,505,319
<br />$605,960
<br />Percent Contribution Rate
<br />37.423%
<br />Percent of City Total Market
<br />Value
<br />31.56%
<br />Percent of City Total Tax
<br />Capacity
<br />47.55%
<br />* Estimate only, actual data not yet available
<br />** Totals may not add, due to rounding
<br />*** Estimate only, actual data not yet available.
<br />Calculated at 37.423%, which is the city average according to the Metropolitan Council.
<br />**** Tax Capacity times the 2011 tax rate of 24.187%
<br />The total Indicated Market Value for the entire metropolitan area was $269,402,748,258, and
<br />the population was 2,841,795, resulting in a metropolitan average IMV per capita of $94,800.
<br />The Fiscal Disparities formula uses a measure called "Fiscal Capacity". This is not to be
<br />confused with Tax Capacity, which is the amount the local tax rate is multiplied by to
<br />determine property taxes, and will be referred to below.
<br />19
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