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<br />2. Line H - Adjusted Tax Rate - is always lower than the actual Tax Rate (line C) due to <br />the inclusion of the fiscal disparities contribution. <br /> <br />3. Line I - Tax Rate Change - is the difference between the Tax Rate and the Adjusted <br />Tax Rate. <br /> <br />To further illustrate the inlpact, the tax rate change is applied to the tax capacItIes of a <br />$200,000 honlestead, a $70,000 nlarket rate apartment, and a $1.0 million con1111ercial <br />property. The h0111estead and the apartment values are representative and the $1.0 ITIillion <br />value for COInnlercial property represents the inlpact of each $1.0 111illion of nlarket value. <br />These inlpacts to the City, Ranlsey County and LS.D. #621 are also cUITIulative as shown on <br />Schedules IV & V. For exanlple, the estinlated conlbined inlpact for a $200,000 honlestead <br />is $7.66 (see Schedule V). <br /> <br />It is inlpossible to accurately offset the City's distribution fronl the fiscal disparities pool and <br />its contribution to the pool because different fODl1ulas are enlployed. A contribution consists <br />of tax capacity and a distribution consists of dollars. It 111ay be helpful to understand what <br />the City receives fro111 the pool. <br /> <br />G:\ WPDA T A \R\ROSEVILLE\05\DOC\FISCAL DISPARITY IMP ACT 2.DOC <br />