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City of Pequot Lakes, Minnesota
<br />May 21, 2013
<br />Page 9
<br />Estimated
<br />Market
<br />Value (a)
<br />$50, 000
<br />75, 000
<br />100, 000
<br />200,000
<br />500,000
<br />1,000, 000
<br />3,000,000
<br />5, 000, 000
<br />7,000,000
<br />10,000,000
<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 />Urban Tax Rate Phase-In
<br />2012/2013
<br />Net Tax Year 1 Year 2 Year 3
<br />Capacity Urban Tax Rate� 75.900% � 67.040% � 60.032% � 54.350% �
<br />Avartments (4 or Mo�e Units)
<br />$625 $474 $419 $375 $340
<br />938 712 628 563 510
<br />1,250 949 838 750 679
<br />2,500 1, 898 1, 676 1, 501 1,359
<br />6,250 4,744 4,190 3,752 3,397
<br />12,500 9,488 8,380 7,504 6,794
<br />37,500 28,463 25,140 22,512 20,381
<br />62,500 47,438 41,900 37,520 33,969
<br />87,500 66,413 58,660 52,528 47,557
<br />125,000 94,875 83,800 75,040 67,938
<br />SeasonallRecreational (Residential)
<br />$750 $569
<br />1, 500 1,139
<br />2, 000 1, 518
<br />3,000 2,277
<br />4,000 3,036
<br />5,000 3,795
<br />Residentiat Non-Homestea��Single Un t)
<br />$750 $569
<br />1,500 1,139
<br />2,000 1, 518
<br />3,000 2,277
<br />4, 000 3, 036
<br />5, 000 3, 795
<br />Apricultural Homestead
<br />Value per Acre $5,000
<br />Dwelling Est. Net Tax
<br />Market (b) Acres Total ENN (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 />$503
<br />1,006
<br />1,341
<br />2, 011
<br />2,682
<br />3, 352
<br />$503
<br />1, 006
<br />1,341
<br />2,011
<br />2,682
<br />3, 352
<br />$2,063 $1,822
<br />3, 581 3,163
<br />8,007 7,073
<br />20,152 17, 799
<br />Agricultural Non-Homestead
<br />Net Tax
<br />Acres Total EMV (c) Capacity
<br />80 $400,000 $4,000 $3,036
<br />160 800,000 8,000 6,072
<br />320 1,600,000 16,000 12,144
<br />640 3,200,000 32,000 24,288
<br />(a) Estimated market value is the basis from which the nef fax capacify is calculated.
<br />This value is not necessarily the price the property viould bring if sold.
<br />$2,682
<br />5, 363
<br />10,726
<br />21,453
<br />(b) Includes house, garage and one acre uNth an estimated market value of $100,000.00
<br />(c) Estimated value per tillable acre is $5, 000.00
<br />$450
<br />900
<br />1,201
<br />1,801
<br />2,401
<br />3, 002
<br />$450
<br />900
<br />1,201
<br />1,801
<br />2,401
<br />3, 002
<br />$1,631
<br />2,832
<br />6, 333
<br />15, 938
<br />$2,401
<br />4, 803
<br />9,605
<br />19,210
<br />$408
<br />815
<br />1,087
<br />1,631
<br />2,174
<br />2, 718
<br />$408
<br />815
<br />1, 087
<br />1,631
<br />2,174
<br />2,718
<br />$1,477
<br />2, 564
<br />5, 734
<br />14,430
<br />$2,174
<br />4,348
<br />8,696
<br />17, 392
<br />Public Sector Advisors
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