Laserfiche WebLink
12/11/2019Base Value Assumptions - Page 1TCAAPCity of Arden HillsMixed Use DevelopmentASSUMPTIONS AND RATESDistrictType:RedevelopmentDistrict Name/Number: TIF 5: TCAAPCounty District #:Exempt Class Rate (Exempt) 0.00%First Year Construction or Inflation on Value 2021Commercial Industrial Preferred Class Rate (C/I Pref.)Existing District - Specify No. Years RemainingFirst $150,000 1.50%Inflation Rate - Every Year:0.00%Over $150,000 2.00%Interest Rate:5.00%Commercial Industrial Class Rate (C/I) 2.00%Present Value Date:1-Aug-22Rental Housing Class Rate (Rental) 1.25%First Period Ending 1-Feb-23Affordable Rental Housing Class Rate (Aff. Rental)Tax Year District was Certified:Pay 2020First $150,000 0.75%Cashflow Assumes First Tax Increment For Development: 2023 Over $150,000 0.25%Years of Tax Increment 31 Non-Homestead Residential (Non-H Res. 1 Unit)Assumes Last Year of Tax Increment 2053 First $500,000 1.00%Fiscal Disparities Election [Outside (A), Inside (B), or NA]Inside(B)Over $500,000 1.25%Incremental or Total Fiscal DisparitiesIncrementalHomestead Residential Class Rate (Hmstd. Res.)Fiscal Disparities Contribution Ratio 30.6534% Pay 2019 First $500,000 1.00%Fiscal Disparities Metro-Wide Tax Rate 143.9920% Pay 2019 Over $500,000 1.25%Maximum/Frozen Local Tax Rate: 113.030% Pay 2019 Agricultural Non-Homestead 1.00%Current Local Tax Rate: (Use lesser of Current or Max.)113.030%Pay 2019 State-wide Tax Rate (Comm./Ind. only used for total taxes) 42.4160% Pay 2019Market Value Tax Rate (Used for total taxes) 0.18765% Pay 2019 Building Total Percentage Tax Year Property Current ClassAfterLand Market Market Of Value Used Original Original Tax OriginalAfter ConversionMap ID PID Owner Address Market ValueValueValue for District Market Value Market Value Class Tax Capacity Conversion Orig. Tax Cap.1163023210001 Ramsey Co.Primary97,250,300 0 97,250,300 100% 97,250,300 Pay 2020 Exempt - C/I Pref. 1,944,256 12093023320001 Ramsey Co.Thumb3,446,800 0 3,446,800 100% 3,446,800 Pay 2020 Exempt - C/I Pref. 68,186 2100,697,100 0 100,697,100100,697,100 0 2,012,442Note:1. Base values are for pay 2019 based upon review of County website on 10-28-19.2. Located in SD #621 and Rice Creek WSArea/ PhaseTax Rates BASE VALUE INFORMATION (Original Tax Capacity)Prepared by Ehlers & Associates, Inc. - Estimates OnlyN:\Minnsota\Arden Hills\Housing - Economic - Redevelopment\TIF\TIF Districts\TIF 5\TIF cashflows\TIF Plan Run - TIF 5 TCAAP - FINAL