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11/15/2011 <br />LOCAL TAX RATE <br />The local tax rate is the rate used to <br />compute taxes for each parcel of <br />property. Local tax rate is <br />computed by dividing the certified <br />levy (after reduction for fiscal <br />disparities and distribution levy and <br />disparity reduction) by the taxable <br />tax capacity. <br />LOCAL TAX CAPACITY RATE <br />Tax Capacity "' <br />Tax Levy <br />Fiscal Disparities Distribution <br />Net Tax Levy <br />T0x Capacity Rate <br />ACTUAL November 15, 20k1 <br />CERTIFIED PROPOSED <br />2011 2012 INCtD EC) <br />1.101.540 1,022 040 -7.22% <br />320,2.34 273A72-11.06% <br />{7.a651 5.549-21.44% <br />313169 247.923-14.45% <br />28.430% 26,214% 4.79% <br />I'm- County) (fall mate) <br />• -'Tax caoac.ity is the prekrmirrary value For 2D12 provided by <br />Ramsey County on August 22, 2011. <br />City's Proposed 2012 Tax Rate <br />26.214% <br />Page 15 of 50 <br />