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<br />
<br />Table 10
<br />Arden Hills Contribution to Fiscal Disparities
<br />
<br /> Fiscal Disparities Contribution***
<br />Estimated
<br />Commercial / Industrial Adjusted Taxable Tax Taxable Tax Tax
<br />Land Use Market Value* Capacity** Market ValueCapacity Revenue****
<br />
<br />Commercial Entertainment $1,528,854$30,151$572,142$11,283 $2,729
<br />Commercial Medical $5,454,326$109,937$2,041,169$41,142 $9,951
<br />Commercial Office $171,362,394$3,530,790$64,128,841$1,321,325 $3
<br />Commercial Other $3,629,471$72,899$1,358,254$27,281 $6,598
<br />Commercial Residential $4,137,889$42,848$1,548,520$16,035 $3,878
<br />Commercial Restaurant $4,222,738$83,674$1,580,273$31,313 $7,574
<br />Commercial Service $8,971,605$180,512$3,357,439$67,553 $16,339
<br />Commercial Shopping $17,383,705$355,484$6,505,493$133,032 $32,17
<br />Commercial Warehouse $31,169,755$636,459$11,664,638$238,183 $57,
<br />Industrial $49,138,460$1,002,546$18,389,058$375,181 $90,745
<br />Railroad $4,741,762$93,668$1,774,506$35,053 $8,478
<br />Utility $4,481,277$91,296$1,677,025$34,165 $8,263
<br />Vacant Commercial Land $21,859,533$440,125$8,180,481$164,710 $39
<br />Vacant Industrial Land $1,205,899$24,219$451,283$9,063 $2,192
<br />Subtotal $329,287,668$6,694,609$123,229,122$2,505,319 $605,960
<br />Residential and Other Land
<br />Use $714,132,032$7,384,290
<br />Totals $1,043,419,700$14,078,884$123,229,122$2,505,319 $605,960
<br />Percent Contribution Rate 37.423%
<br />Percent of City Total Market
<br />Value 31.56%
<br />Percent of City Total Tax
<br />Capacity 47.55%
<br />
<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 />
<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 />
<br />The total Indicated Market Value for the entire metropolitan are
<br />the population was 2,841,795, resulting in a metropolitan averag
<br />
<br />The Fiscal Disparities formula uses a measure called ÐFiscal Cap
<br />confused with Tax Capacity, which is the amount the local tax ra
<br />determine property taxes, and will be referred to below.
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<br />19
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