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The following table summar'us the local tax rate. <br />rr, <br />Gross Net Tax Capacity <br />t <br />y * <br />44028 <br />Less Fiscal Disparities <br />i i <br />i i ■ <br />Less Tax Increment Value-- <br />i i i <br />i i i <br />Net Tax Capacity for Levy <br />319640,3813 <br />1 <br />Net Tax Levy <br />f i <br />i i <br />Local Tax Rate <br />25-734%., <br />26.468%. <br />* Less fiscal disparity distribution <br />To deterrn ine an individual property's tax, the local tax rate is applied to the property's net tax <br />■ <br />capacity. <br />The following louring table summarizes the estimated tax impact on residential homes, lased on the <br />proposed 2004 tax levy and budget, estimates provided by Ramsey County, and assuming no <br />increase in prol2erty valuation, <br />Note: Property valuations are determined by the Ramsey County Assessor's Office <br />As shown above, an average - valued home of $175,000 would see are increase of 13 or 2.9%, <br />holding all other factors constant. <br />The following table summarizes the estimated tax impact on residential homes, based on the <br />proposed 2004 tax levy and budget, estimates provided by Ramsey County, and assuming .4 1.0% <br />increase to propeM valuation. <br />* original value shown. 2003 Impact reflects a 10% valuation increase. <br />7 <br />