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<br />Proposed Pay 2008 Property Tax Impact Worksheet <br /> <br />Taxing District: <br /> <br />Arden Hills-Levy increase 5% <br /> <br />STEP 1 - Calculate the Taxing District's Tax Rate: <br /> <br /> <br />1. La before reduction for state aids <br />2. State Aids <br />3. Certifed Pro e Tax Le <br />4. Fiscal Dis arit Portion of Le <br />5. Local Portion of Le <br />6. Local Taxable Value <br />7. Local Tax Rate <br />8. Market Value Referenda Le <br />9. Fiscal Dis arit Portion of Le SDs anI <br />10. Local La <br />11. Referenda Market Value <br />12. Market Value Referenda Rate <br /> <br />$0 <br /> <br />0.00000% <br /> <br />0.0000 <br /> <br />= <br /> <br />STEP 2 - Calculate the Impact of the Taxing District's Rate on Residential Homestead Taxes: <br /> <br />13. Assumes a <br /> <br />3.2% <br /> <br />increase in market value from 2007 to 2008, which is the countywide median increase. <br /> <br /> <br />14. <br />15. <br />16. <br />17. <br />18. <br />19. <br /> <br /> !Ille <br /> SOO,OOO@1.0% (A7xE)+ 76,QOO@.40% <br /> rem@1.25% (A12X 0) -rem@.09% (G)x% (F)-(H) <br />Estimated Tax District rate as % oftolal rate: .. :;2~Wo'i;Y';-;;::;' <br />145,300 1,453 $293.59 $241.63 $50.74 $242.85 <br />193.800 1.938 $391.59 $197.98 $41.58 $350.01 <br />285,000 2.850 $575.87 $115.90 $24.34 $551.53 <br />484,500 4.845 $978.98 $0.00 $0.00 $978.98 <br />726,700 7.834 $1.582.94 $0.00 $0.00 $1.582.94 <br /> <br />20. <br />21. <br />22. <br />23. <br />24. <br />25. <br /> <br /> <br />$3.96 <br />$5.13 <br />$7.49 <br />$9.87 <br />$23.94 <br /> <br />Increase <br /> <br />26. <br />27. <br />28. <br />29. <br />30. <br /> <br />Instructions for Calculating a Residential Homestead Property Tax: <br /> <br />6.0% <br />0.0% <br />6.0% <br />19.3% <br />5.0% <br />7.3% <br />-2.1% <br />0.0% <br />0.0% <br />0.0% <br />0.0% <br />0.0% <br />