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<br />
<br />ISD 623, MN PROPERTY TAXES (SCHOOL SH.A.RE) ON A PROPERTY WITH AN
<br />INITIAL ASSESSED VALUE OF $160,000
<br />
<br />600
<br />
<br />
<br />500
<br />
<br /> 400
<br />x
<br />"
<br />;..
<br />;:- 300
<br />-
<br />~
<br />::;
<br />-
<br />~
<br /> 200
<br />
<br />100
<br />
<br />2002 2003 2004 2005 2006 2007 200S
<br />. Year
<br /> Payable Year I 2002 2003i 2004' 2006 2007 2008
<br /> Property Taxes 1 427 565 I 562 547 i 549 278
<br />
<br />Inpul Properly Value:
<br />Input Inflator:
<br />Market Value Credit
<br />Market Credit SID %:
<br />
<br />$160,000 $163,200 1 $166,464 1 $171,458 $176,602 $181,900 1 $187,357
<br />U)% , 2.0'i'oF , 3.0% ' 3;0% 3.0% , ;3;0%1 ' 3.0%
<br />(23,30) (23.00)1 (22.70) (22.24) (21.77) (21.29)1 (20.79)
<br />10.2% 1\1.2%1 10.2% 10,2% 10.2% 10;2%1 10.2%1
<br />
<br />$ per RMCPU 948.23 1,170.23 1,170.23 1,170.23 1,170.23 1,170.23 222.00
<br />Referendum Re'\'enue 7,030,689 8,529,213 8,432,833 8,356,937 8,239,940 8,132,821 1,508,905
<br />Referendum Aid 116,154 21,635
<br />Referendum Levy 6,914,535 8,507,578 8,432,833 8,356,937 8,239,940 8,132,821 1,508,905
<br />Health and Safely (dollars) 750,000 750,000 750,000 '50,000 750,000 750,000
<br />Health and Safety Aid
<br />Health and Safely Levy 750,000 750,000 750,000 750,000 750,000 750,000
<br />
<br />SCENARIO TESTER
<br />Payable Year 2002 2003 2004 2005 2006 2007 2008
<br />Property Taxes from Graph Above 427 565 562 560 547 549 278
<br />Property Taxes from Baseline Scenario 427 489 487 485 473 476 207
<br />Difference . 76 76 75 74 73 71
<br />
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<br />
<br />Springsted Incorporated
<br />Advisors to the Public Sector
<br />
<br />Property Tax Graph 3
<br />Page 4
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