CCP 03-11-1996 - Laserfiche WebLink

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---------- I Comparison of taxes in: ARDEN HILLS. 62i(8) Tax comparison on five (5) selected residential homestead properties assuming I that the market value increases 2.08% from Payable 1995 to Payable 1996. .. % Payable 1995 Payable 1995 Payable 1996 Payable 1996 Incr.l(Decr.) Mkt Value Rate Local Tax Rate Mkt value Rate Local Tax Rate Local Tax Rate 0.00000% 132.383% 0.00000% 129.258% -2.36% I Homestead (Class 1 a) 1995: 1 % of 1 st 72,000 EMV; 2% of excess I 1996: 1 % of 1 st 72,000 EMV; 2% of excess Estimated 1995 1996 % Market Tax Net Tax Net Incr. lncr. I Value Capacity Tax Capacity Tax (Deer.) (Deer.) $50,000 $500 $662 $510 $659 ($3) -0.45% 72,000 720 953 750 969 16 1.68% I 100,000 1,280 1,695 1,322 1,709 14 0.83%. 115,000 1,580 2,092 1,628 2,104 12 0.57% I 150,000 2,280 3,018 2,342 3,027 9 0.30% I Tax comparison on selected Commercialllndustrial properties assuming .. that the market value is the same from Payable 1995 to Payable 1996. Commercialllndustrial (Class 3A) 1995: 3.0% of 1 st 100,000 EMV; 4.611k of excess (*) 1996: 3.0% of 1st 100,000 EMV; 4.6% of excess I Estimated 1995 1996 % Market Tax Net Tax Net lncr. Incr. I Value Capacity Tax Capacity Tax (Deer.) (Deer.) $100.000 $3,000 $3.994 $3,000 $3,985 ($9) -0.23% 500,000 21,400 28,493 21,400 28,425 (68) -0.24% I 1,000,000 44,400 59,117 44,400 58.976 (141) -0.24% Commercial/Industrial (Class 3a - 1995: 4.6% of EMV) will decrease -0.24% I 1996: 4.6% of EMV (.)Note: In most cases these reduced commerciallindustrial rates apply to one parcel per owner per county. I Tax comparison on Apartment (4 or more units) properties assuming I that the market value is the same from Payable 1995 to Payable 1996. Apartments (Class 4a) 1995: 3.4% of EMV ; 1996: 3.4% of EM V I Apartment property taxes will decrease -2.36% -- Prepared by: Ramsey County, Department of Property Records & Revenue Date run: 02123/96 Local Government Division. Tax Accounting Section (se) \packet\96compkt.wI<4 I