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COMMUNITY PROFILE <br /> TAXES . <br /> Propery Taxes <br /> Tax Capacity: <br /> Residential Homestead First $72,000 of estimated <br /> market value at 1% plus the <br /> excess above $72,000 at 2%. <br /> Non-Homestead 3.40% <br /> Commercial-Industrial First $100,000 of estimated <br /> market value at 3% plus the <br /> excess above$100,000 at 4.6%. <br /> Property Tax Capacity Rate - 1993/94 <br /> Municipal 17.1 <br /> County 44.5% Minnesota real estate taxes <br /> School 65.6% are based on market value, <br /> Miscellaneous 5.2% construed to be the price <br /> TOTAL 132.4% that a willing buyer would <br /> pay to a willing seller in a <br /> free market. Tax capacity <br /> Calculation Example times the tax rate equals <br /> Assume: Commercial Property with an estimated property taxes. <br /> market value of S250,000. <br /> 1. Tax Capacity: <br /> 3%of the first S100.000 of estimated market value- $3,000 <br /> 4.6%of the estimated market value in excess of S100.000- $6 900 <br /> Total tax capacity- $9,900 <br /> 1995 <br /> 2. Net Taxes Payable: Area City Tax Capacity Rates <br /> Tax Capacity (S9.900)X Tax Capacity Rate- 132.142% <br /> Estimated Net Taxes Payable- $13,082.06 Arden Hills 17.438 <br /> New Brighton 18.064 <br /> Roseville 18.322 <br /> Shoreview 19.570 <br /> Sales Tax: Mounds View 26.423 <br /> State Rate 6.5% <br /> Local Rate none <br /> Source: State Tax Guide <br /> Corporate Income Tax: flat 9.8% <br /> Personal Income Tax: first$13,620 at 6% <br /> • <br /> above$44,750 at 8.5% <br /> Source: State Tax Guide <br /> Workers Compensation: $2.476 rate per$100 of payroll <br /> Unemployment Insurance $200 average tax per worker <br /> Rate: <br /> Source: MN Dept.of Labor and Industry <br />