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Hamline Senior Housing <br />Commercial Tax Computation <br />Worksheet 2.1 <br />Assumption: Taxable Market Value = 4 /sq. 1"t. X 13,450 sq. ft. -- $605,250 <br />Step 1: Calculate the Net Tax Capacity <br />1,5% x first $150 }000 of Estimated Market Value! 27250 <br />2.0% x Estimated Market Value in excess of $150,000. ($455x250) 9 105 <br />Total Net Tax Capacity 11-1355 <br />Step 2: Calculate the Fiscal Disparity Net Tax Capacity <br />Total Net Tax Capacity (Result from Step 1) <br />Rosevi ll e's Fiscal Disparity Sharing Factor (.307753) <br />Total Fiscal Disparity Net Tax Capacity) 39495 <br />Step 3: Calculate the Net Tax Capacity <br />Total Net Tax Capacity (Result from Step 1 ) 11, 3 5 <br />Less; Total Fiscal Dispan y Net Tax Capacity (Result from Step 2 ) (3,149 <br />Total Local Net Tax Capacity 75860 <br />Step 4: Calculate the Local Tax <br />Local Tax Payable = 99.401% multiplied by (Step 3) 7,860 — 7,813 <br />Step 5: Calculate the Fiscal Disparity Tax <br />Fiscal Disparity Tax Payable = 156.497% multiplied by (Step 2) 3,495 512469 <br />Step 6: Calculate the Market Tax <br />Market Tax Payable = 0.17734° multiplied by 605,250 11073 <br />Step 7: Calculate the State General Tax <br />State General Tax Payable = 57.933% multiplied by (Step 1) 11,355: 6,578 <br />Step 8: Arid Local & Fiscal Disparity Net Taxes <br />Local Tax <br />7813 <br />Plus Fiscal Disparity Tax <br />57469 <br />Plus Market Tax <br />13073 <br />Plus State General Tax�8 <br />Total Commercial Property Tax Payable <br />20, 993 <br />Tax per Square .Foot 1.56 <br />Commercial Tax Increment <br />Local Tax 731813 <br />Market Tax 1 73 <br />Retail Tax Increment 89886 <br />Frozen base already addressed in hosing portion. <br />Page 5 <br />aniline Senior Housing <br />