Agenda - Council - 09/14/1999 - Laserfiche WebLink

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I ~ESOTA Department of Revenue Property Tax Division Mail Station 3340 Phone (651) 296-5145 St. Paul, MN 55146-3340 Fax (651) 297-2166 o Payable 2000 Overall Levy Limitation Notice RAMSEY CITY OF CLERK-TREASURER CITY HALL 15153 NOWTHEN BLVD NW RAMSEY, MN 55303 July 28, 1999 JUL ~ 0 1999_____._ The payable 2000 overall levy limitation for your city is: $ 2,686,259 The following is a listing of the factors used in determining your city's payable 2000 overall levy limitation. See the enclosed letter for an explanation of these factors and for additional information concerning your city's overall levy limitation. 1. Adjusted Levy Limit Base for Payable 1999: $ 2. Implicit Price Deflator Adjustment (Mar. 99/Mar. 98): 3. Household Growth Adjustment a. 1997 Households: b. 1998 Households: c. Ratio of 1998 to 1997 Households (b/a, but not less than 1.000): 4. Adjustment for Payable 1999 Market Value of New C/I Construction a. Payable 1998 Total Taxable Market Value: $ b. Payable 1999 Market Value of New C/I Construction: $ c. Adjustment (1 + Ratio of(b) to (a)): 5. Adjusted Levy Limit Base for Payable 2000 (1 x 2 x 3c x 4c): $ 6. New Net Tax Capacity-Based Referendum Levies: $ 7. 2000 Property Tax Aids a. 2000 Certified Local Government Aid (LGA): $ b. 2000 Certified Homestead and Agricultural Credit Aid (HACA): $ c. 2000 Estimated Taconite Aids: $ d. 2000 Certified Existing Low Income Housing Aid: $ e. Total (a + b + c + d): $ 1999 Tax Rate Excess Tax Increments (Increase Over 1997): $ Payable 2000 Overall Levy Limitation (5 + 6 - 7e - 8): $ 3,327,668 1.015 5,262 5,485 1.042 697,084,800 14,660,746 1.021 3,593,350 359,771 527,964 887,735 19,356 2,686,259 An equal opportunity employer TTY/TDD: (651) 215-0069 1'23