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~-ESOTA 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 />REVISED <br />August 10, 1998 <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 />$ 2,439,537 <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 explanation of these factors and for <br />additional information concerning your city's overall levy limitation. <br /> <br />1. Adjusted Levy Limit Base for Payable 1998: $ <br />2. 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 Ca Construction: $ <br />e. Adjustment (1 + Ratio of(b) to (a)): <br />3. New Construction Adjusted Payable 1998 Levy Limit Base <br />(1 x 2c): $ <br />3. Implicit Price Deflator Adjustment (Mar. 98/Mar. 97): <br />4. 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 /> 1.000): <br />6. 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 x 4 x 5c x 6c): <br /> <br />8. New Net Tax Capacity-Based Referendum Levies: <br />9. 1999 Property Tax Aids <br /> a. 1999 Certified Local Government Aid (LGA): <br /> b. 1999 Certified Homestead and Agricultural Credit Aid <br /> (HACA): <br />c. 1999 Certified Local Performance Aid (LPA): <br />d. 1999 Estimated Taconite Aids: <br />e. 1999 Certified Existing Low Income Housing Aid: <br />f. Total (a + b + c + d + e): <br />10. 1998 Tax Rate Excess Tax Increments: <br />11. Payable 1999 Overall Levy Limitation (7 + 8 - 9f- 10): <br /> <br />3,028,634 <br /> <br />564,733,300 <br /> 2,459,223 <br /> 1.004 <br /> <br />3,040,749 <br /> 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 />351,280 <br /> <br /> 505,456 <br /> 21,036 <br /> <br /> 877,772 <br /> 10,359 <br />2,439,537 <br /> <br />An equal opportunity employer TTY/TDD: (612) 215-0069 <br /> <br /> <br />