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<br /> Table 10
<br /> Arden Hills Contribution to Fiscal Disparities
<br /> Fiscal Disparities Contribution***
<br /> Estimated
<br /> Commercial/Industrial Adjusted Taxable Tax Taxable Tax Tax
<br /> Land Use Market Value* Capacity** Market Value Capacity Revenue****
<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 $319,588
<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 $32,176
<br /> Commercial Warehouse $31,169,755 $636,459 $11,664,638 $238,183 $57,609
<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 $39,838
<br /> 41) 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 /> *Estimate only,actual data not yet available
<br /> ** Totals may not add,due to rounding
<br /> ***Estimate only,actual data not yet available.
<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 /> The total Indicated Market Value for the entire metropolitan area was $269,402,748,258, and
<br /> the population was 2,841,795, resulting in a metropolitan average IMV per capita of $94,800.
<br /> The Fiscal Disparities formula uses a measure called"Fiscal Capacity". This is not to be
<br /> confused with Tax Capacity,which is the amount the local tax rate is multiplied by to
<br /> determine property taxes, and will be referred to below.
<br /> 19
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