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Teresa Bender <br /> From: KenTolz@aol.com <br /> Sent: Wednesday,June 10, 2015 9:33 AM <br /> To: Teresa Bender <br /> Subject: Re:7261 Main Street <br /> Good morning Teresa, <br /> Sorry to be slow in responding, but ive been out of the office. <br /> In looking at the current land value of$167,500, it is consistent with the other lakeshore properties along Main St......as to <br /> what it is worth, there are no vacant sites for sale that immediately come to mind....there have been sales along Mound <br /> Trl.....but that is a more private area and not subject to Main St. I would say the value we have it currently at, is at the <br /> minimum side of the value curve........ <br /> Add a 200,000 house to the equation.....assuming homestead status, estimate the total emv at$367,500 and the tax <br /> computation would be as follows: <br /> RESIDENTIAL <br /> HOMESTEAD <br /> (1A) <br /> MARKET VALUE PRIOR TO EXCLUSION <br /> (MVPT) $367,500 <br /> Homestead Exclusion Amount <br /> 1 ST 76,000 Of Mkt Value @ 40% $30,400 <br /> Phase-out Balance @ 9% ($26,235) <br /> Total Homestead Market Value Exclusion $4,165 <br /> TAXABLE MARKET VALUE(after $363,335 <br /> exclusion) <br /> 1ST 500,000 Of Mkt Value @ 1% 3,633 <br /> Balance @ 1.25% 0 <br /> Tax Capacity 3,633 <br /> Tax Capacity*Tax Rate $5,398.49 <br /> Refer Mkt Value*SD RMV Rate $611.04 <br /> Refer Mkt Value*CITY RMV Rate $0.00 <br /> Total Estimated Tax $6,009.53 <br /> If you have any questions, you can best reach me today on my cell at 612 865-2149. <br /> Thank you, <br /> Ken Tolzmann <br /> City Assessor <br /> In a message dated 6/5/2015 3:04:27 P.M. Central Daylight Time, TBender(cDCENTERVILLEMN.com writes: <br /> Dear Ken: <br /> 1 <br />