2003-09-10 CC Packet - Laserfiche WebLink

Home Browse Search

MINNESOTA. REVENUE Payable 2004 Overall Levy Limitation Notice August 15, 2003 CENTERVILLE CITY OF CLERK.- TREASURER CITY HALL 1880 MAIN STREET CENTERVILLE, MN 55038 The payable 2004 overall levy limitation for your city is: $ 1,539,329 The following is a listing of the factors used in determining your city's payable ~004 overall levy limitation. See the enclosed letter for an explanation of these factors and for additional information concerning your county's overall levy limit. t.; 1. Adjusted Levy Limit Base for Payable 2003: $ 2. Payable 2003 Unused Levy Authority: $ 3. 2003 Transit Property Tax Replacement Aid: $ 4. Levy Limit Base for Payable 2004 (1-2-3): $ 5. 2003 Certified Local Government Aid Before Reductions: $ 6. 2003 Existing Low Income Housing Aid: $ 7. 2003 New Construction Low Income Housing Aid: $ 8. 2003 City Aid Total (5+6+7): $ 9. 2004 Certified Local Government Aid Including Transition Aid:. $ 10.40 Percent of 2004 Aid Loss ((8-9)*.40): $ 11. 2004 Market Value Credit Reduction: $ 12. 60 Percent of 2004 Market Value Credit Reduction (11 * .60): $ 13. Adjusted Levy Limit Base for Payable 2004 ( 4-10+12): $ 14. New Net Tax Capacity-Based Referendum Levies: $ 15. 2004 Property Tax Aids a. 2004 Local Government Aid Including Transition Aid: $ b. 2004 Estimated Taconite Aids: $ c. 2004 Estimated Wind Energy Tax: $ d. Tota1(a+b+c): $ 16. Adjustment for 2003 Local Tax Rate Excess Tax Increment Taxes: $ 17. Payable 2004 Overall Levy Limitation (13 + 14 -15d - 1Q): $ Property Tax Division Mail Station 3340 St Paul, MN 55146-3340 An equal opportunity employer 1,576,093 82,057 1,494,036 13,413 13,413 5,365 84,431 50,659 1,539,329 1,539,329 Tel: 651-296-3394 F= 651-297-2166 1TY: Call 711 for Minnesota Relay