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I <br />Iv[[NNESOTA <br /> <br />Department of Revenue <br /> <br />Property Tax Division <br /> <br />Mail Station 3340 <br />Phone (612) 296-3155 <br /> <br />St. Paul, MN 55146-3340 <br /> Fax (612) 297-2166 <br /> <br />Payable 1999 Overall Levy Limitation Notice <br /> <br />RAMSEY CITY OF <br />CLERK-TREASURER <br />CITY HALL <br />15153 NOWTHEN BLVD NW <br />RAMSEY, MN 55303 <br /> <br />The payable 1999 overall levy limitation for your city is: <br /> <br />The following is a listing of the factors used in determining your city's payable 1999 <br />overall levy limitation. See the enclosed letter for an explanatiori of these factors and for <br />additional information concerning your city's overall levy limitation. <br /> <br /> Adjusted Levy Limit Base for Payable 1998: $ <br /> Adjustment for Payable 1997 Market Value of New C/I Construction <br /> a. Payable 1996 Total Taxable Market Value: $ <br /> b. Payable 1997 Market Value of New C/I Construction: $ <br /> c. Adjustment (1 + Ratio of (b) to (a)): <br /> New Construction Adjusted Payable 1998 Levy Limit Base <br /> (1 x 2c): $ <br /> Implicit Price Deflator Adjustment (Mar. 98/Mar. 97): <br /> Household Growth Adjustment <br />a. 1996 Households: <br />b. 1997 Households: <br />c. Ratio of 1997 to 1996 Households (b/a, but not less than <br /> !.ooo): <br />Adjustment for Payable 1998 Market Value of New C/I Construction <br />a. Payable 1997 Total Taxable Market Value: $ <br />b.. Payable 1998 Market Value of New C/I Construction: $ <br />c. Adjustment (1 + Ratio of(b) to (a)): <br />Adjusted Levy Limit Base for Payable 1999 (3 x4 x 5ex 6c): $ <br />New Net Tax Capacity-Based Referendum Levies: $ <br />1999 Property Tax Aids <br />a. t 999 Certified Local Government Aid (LGA): $ <br />b. I999 Certified Homestead and Agricultural Credit Aid <br />(HACA): $ <br />c. 1999 Certified Local Performance Aid (LPA): $ <br />d. 1999 Estimated Taconite Aids: $ <br />e. I999 Certified Existing Low Income Housing Aid: $ <br />f. TotaI (a+b + c+ d + e): $ <br /> 1998 Tax Rate Excess Tax Increments: $ <br /> $ <br /> <br />10. <br />t 1. Payable 1999 Overall Levy Limitation (7 + 8 - 9f- 10): <br /> <br />An equal opportunity employer <br /> <br /> REVISED <br />¢mgust I0, i'99g - <br /> <br /> md for <br /> <br /> 564,733,300 <br /> 2,459,223 <br /> 1.004 <br /> <br /> 3,040,749 1.018 <br /> <br /> 4,982 <br /> 5,262 <br /> <br /> 1.056 <br /> <br /> 618,386,300 <br /> 11,348,616 <br /> 1.018 <br /> 3,327,668 <br /> <br /> 505,456 <br /> 21,036 <br /> <br /> 10,359 <br /> 2,429,527- <br /> <br />1TY/TDD: (612) 215-0069 <br /> <br /> <br />