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City of Pequot Lakes, Minnesota
<br />May 21, 2013
<br />Page 7
<br />Estimated
<br />Market
<br />Value (a)
<br />$75, 000
<br />150, 000
<br />200,000
<br />300,000
<br />400, 000
<br />500, 000
<br />$75,000
<br />150, 000
<br />200, 000
<br />300, 000
<br />400,000
<br />500, 000
<br />Pequot Lakes, Minnesota
<br />Estimated Tax Impact - Based on Net Tax Capacity
<br />Rural Tax Rate Phase-In
<br />Cumulative Impact from Base Year (2013)
<br />2012/2013
<br />Net Tax Year 1
<br />Capaciry Rural Tax Rate � 37.950% � 44.693%
<br />Seasonal/Recreational (Residential)
<br />$750 n/a $51
<br />1, 500 n/a 101
<br />2,000 n/a 135
<br />3,000 n/a 202
<br />4,000 n/a 270
<br />5,000 n/a 337
<br />Reside nUal Non-Homestead (Sin�le Un t)
<br />$750 n/a
<br />1, 500 n/a
<br />2, 000 n/a
<br />3, 000 n/a
<br />4, 000 n/a
<br />5, 000 n/a
<br />Agricultural Homestead
<br />Value per Acre $5,000
<br />Dwelling Est. Net Tax
<br />Market (b) Acres Total EMV (c) Capacitv
<br />$100,000 80 $500,000 $2,718
<br />160 900,000 4,718
<br />320 1, 700, 000 10, 550
<br />640 3,300,000 26,550
<br />$51
<br />101
<br />135
<br />202
<br />270
<br />337
<br />n/a $183
<br />n/a 318
<br />n/a 711
<br />n/a 1,790
<br />Agricultural Non-Homestead
<br />Net Tax
<br />Acres Total ENN (c) Capacity
<br />80 $400,000 $4,000 n/a
<br />160 800,000 8,000 n/a
<br />320 1,600,000 16,000 n/a
<br />640 3,200,000 32,000 n/a
<br />(a) Estimated market value is the basis from wt►ich the net tax capacity is calcu/ated.
<br />This value is not necessarily the price the property mould bring if sold.
<br />(b) Includes house, garage and one acre with an estimated market value of $100, 000.00
<br />(c) Estimated value per til/able acre is $5, 000.00
<br />$270
<br />539
<br />1, 079
<br />2,158
<br />Year 2 Year 3
<br />50.027% � 54.350% �
<br />$91
<br />181
<br />242
<br />362
<br />483
<br />604
<br />$91
<br />181
<br />242
<br />362
<br />483
<br />604
<br />$328
<br />570
<br />1,274
<br />3,206
<br />$483
<br />966
<br />1, 932
<br />3, 864
<br />Public Sector Advisors
<br />$123
<br />246
<br />328
<br />492
<br />656
<br />820
<br />$123
<br />246
<br />328
<br />492
<br />656
<br />820
<br />$446
<br />774
<br />1,730
<br />4, 354
<br />$656
<br />1,312
<br />2,624
<br />5,248
<br />
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