Laserfiche WebLink
• <br /> Table 9 <br /> Arden Hills Estimated 2010 and 2012 Population and Housing Units <br /> Estimated Population Housing Units Persons '3er Unit 2010 Bedrooms <br /> Persons <br /> per <br /> esidential Type 2010 2012 2010 2012 2010 2012Number bedroom <br /> Bethel Exempt 2 1,778 1,778 0 0 NA NA NA NA <br /> Other Exempt 7 350 350 162 162 2.160 2.160 NA NA <br /> Residential Apartment 4 155 155 103 103 1.505 1.505 NA NA <br /> Residential Condominium 1 104 104 71 71 1.465 1.465 NA NA <br /> Residential Duplex 10 30 30 15 15 2.000 2.000 34 0.88 <br /> Residential Mobile Home Park 1 686 686 269 269 2.550 2.550 NA NA <br /> Residential Single Family 2070 5,549 5,624 2,070 2,098 2.681 2.681 7,102 0.78 <br /> Residential Townhouse 349 635 635 349 349 1.819 1.819 892 0.71 <br /> Commercial Residential and Other 3 265 265 14 14 NA NA NA NA <br /> Total 9,552 9,627 3,053 3,081 3.129 3.125 8,028 NA <br /> Note:Estimated 2012 Population increase=28 additional single family housing units*2.68 persons per unit=75 persons <br /> • A. Commercial/Industrial Fiscal Disparities Contribution <br /> Table 10 shows that about 32 %of the city's taxable market value and 48%of its Tax Capacity <br /> comes from Commercial/Industrial (C/I) land use. As a result, in 2012 Arden Hills <br /> contributed about 37%of its C/I Tax Capacity to the metropolitan regional pool under the <br /> Fiscal Disparities Law, or$2,505,319. Using the 2011 Tax rate of According to the law,40% <br /> of the increase in CI value since 1971 is contributed to the regional Fiscal Disparities pool. <br /> Since much of the city's CI growth has occurred since 1971, Arden Hills' contribution comes <br /> very near to (but will never exceed) 40%. Detailed information on how much each C/I <br /> property contributes is not yet available, so the amounts for each land use are approximate, <br /> using the citywide average of 37.423%. Map 9 shows the distribution of Arden Hills' Fiscal <br /> Disparities contribution. <br /> B. Residential Fiscal Disparities Distribution <br /> As stated earlier,the distribution a city or township (minor civil division, or"MCD") receives <br /> from Fiscal Disparities is based on a formula that uses the inverse of market value per capita. <br /> To illustrate,the calculation of Arden Hills' distribution is shown below. <br /> First, each MCD's taxable market value is equalized for differences in assessment practices, <br /> and the amount contributed to Fiscal Disparities is deducted to derive the Indicated Market <br /> Value (IMV). Since we do not yet have the actual parcel amounts, the total estimated <br /> Indicated Market Value for Arden Hills for 2012 was $997,260,763. Arden Hills' IMV per <br /> capita was $997,260,763 divided by the 2010 population of 9,552,to derive an IMV per capita <br /> 4111 of$104,403. <br /> 17 <br />