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08-21-17-WS
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08-21-17-WS
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8/17/2017 1:10:42 PM
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_________________________________________________________________________________________ <br /> <br />Page 27 of 30 <br />building value, commercial and industrial land value per square foot does vary based on where it <br />is located and what uses can be constructed on it. <br /> <br />Property Total Property <br />Value <br />Total Property <br />Taxes Paid in <br />2017 <br />Total Arden <br />Hills Property <br />Taxes Paid in <br />2017 <br />Property Taxes <br />per $1,000 <br />Value <br />Arden Hills <br />Property Taxes <br />per $1,000 <br />Value <br />3585 Lexington Ave. N $2,233,500 $81,348.07 $7,646.03 $36.42 $3.42 <br />1160 County Rd. E $975,000 $34,768.00 $3,263.69 $35.66 $3.35 <br />Cub- 3717 Lexington <br />Ave. N <br />$6,033,000 $221,932.00 $20,871.94 $36.79 $3.46 <br />4001 Lexington Ave. $13,500,000 $498,236.00 $46,866.91 $36.91 $3.47 <br />4300 Round Lake Rd. $7,809,000 $300,116.00 $27,054.83 $38.43 $3.46 <br />Intl Paper- 1300 Red <br />Fox Rd. <br />$6,148,700 $226,214.00 $21,274.94 $36.79 $3.46 <br />3796 Dunlap St. $1,736,200 $64,246.00 $6,044.11 $37.00 $3.48 <br />Flahertys- 1273 County <br />Rd. E <br />$1,072,300 $39,720.00 $3,602.47 $37.04 $3.36 <br /> <br />Despite the variation of commercial and industrial building and property values, the amount of <br />taxes paid per $1,000 of property value is consistent at about $36.90 of total property taxes paid <br />in 2017 per $1,000 of value and about $3.45 of property taxes paid to Arden Hills in 2017 per <br />$1,000 of value. Regardless of the type of commercial or industrial property that would be <br />acquired by Bethel University or the University of Northwestern, this property tax revenue <br />would be lost. <br /> <br />Dr <br />a <br />f <br />t <br /> <br />0 <br />8 <br />/ <br />0 <br />2 <br />/ <br />2 <br />0 <br />1 <br />7
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