CCP 03-11-1996 - Laserfiche WebLink

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I Comparison of taxes in ARDEN HILLS - 623 IRl I tit T ax comparison on five (5) selected residential homestead properties assuming that the market value Increases 2.08% from Payable 1995 to Payable 1996 I 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 I 0.00000% 141.517% 0.00000% 142.434% 0.65% I Homestead (Class 1 a) 1995: 1 % of 1st 72,000 EMV; 2% of excess 1996: 1 % 01 1st 72,000 EMV; 2% 01 excess I Estimated 1995 1996 % Market Tax Net Tax Net Incr. Iner. Value Capacity Tax Capacity Tax (Deer.) (Deer.) $50,000 $500 $708 $510 $726 $18 2.54% I 72,000 720 1,019 750 1,068 49 4.81% 100,000 1,280 1,811 1,322 1,883 72 3.98% I 115,000 1,580 2.236 1,628 2,319 83 3.71% 150.000 2,280 3.227 2,342 3,336 109 3.38% I Ie Tax comparison on selected Commercialnndustrial properties assuming that the market value is the same from Payable 1995 to Payable 1996. I CommerciaVtndustrial (Class 3A) 1995: 3.0% of 1 st 100,000 EMV; 4.6% of excess n 1996: 3.0% of 1st 100,000 EMV; 4.6% of excess Estimated 1995 1996 % I Market Tax Net Tax Net Iner. Iner. Value Caoacity Tax Capacity Tax (Deer.) (Deer.) $100,000 $3,000 $4,182 $3,000 $4,264 $82 1.96% I 500,000 21,400 29,831 21,400 30,419 588 1.97''- 1.000,000 44,400 61,892 44,400 63,111 1,219 1.97% I CommerciaUlndustrial (Class 3a -1995: 4.6% of EMV) will increase 1.97% 1996: 4.6% of EMV I nNote. 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 that the market value is the same from payabie 1995 to Payable 1996. I Apartments (Class 4a) 1995. 3.4% of EMV ; 1996: 3.4% of EMV ., Apartment property taxes will increase 0.65% Prepared by: I Ramsey County, Department of Property Records & Revenue Date run: 02123/96 Local Government Division - Tax Accounting Section (se) \packet\96compkt.wk4