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<br />------- <br /> City of Arden Hills I <br /> Truth in Taxation Public Hearing Slide I <br /> December 4,1 997 <br /> How Your City Property Taxes are Determined .. <br /> Box 1 Box 4 I <br /> Total Assessor's <br /> Proposed City , Market Value <br /> Budget i I <br /> - minus X times <br /> Box 2 Box 5 I <br /> All Non-Propert'f State <br /> Tax Revenue,eg: Mandated 1 <br /> * State Aid Class Rates <br /> * Fees,etc. <br /> = equals = equals I <br /> Box3 Box 6 I <br /> Property Tax Total <br /> Revenue Needed divided by , Tax Capacity' <br /> ( Levy ) (Formerly Assessed fI <br /> Value) <br /> = equals I <br /> IBOX? Property I 1 <br /> I <br /> I Tax <br /> Rate 1 <br /> ("Tax Capacity" Rate <br /> PROPERTY TAX EQUALS: I <br /> Your Property's Market Value X Class Rate(s) X "Tax Capacity" Rate Less <br /> Educ. Homestead Cred it (new for '98, at 32% of K -12 gen tax up to $225) <br /> I <br /> I <br /> I <br /> .. <br /> 'S unt ~1-- I <br />