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City of Pequot Lakes, Minnesota
<br />May 21, 2013
<br />Page 11
<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 />�,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 />Cumulative Impact from Base Year (2013)
<br />2012/2013
<br />Net Tax Year 1 Year 2
<br />Capacitv Urban Tax Rate � 75.900% � 67.040°/a � 60.032% �
<br />Apartments (4 or Mo �e Units)
<br />$625 n/a -$55 -$99
<br />938 n/a -83 -149
<br />1,250 n/a -111 -198
<br />2,500 n/a -222 -397
<br />6,250 n/a -554 -992
<br />12,500 n/a -1,108 -1,984
<br />37,500 n/a -3,323 -5,951
<br />62,500 n/a -5,538 -9,918
<br />87,500 n/a -7,753 -13,885
<br />125,000 n/a -11,075 -19,835
<br />Year 3
<br />54.350% �
<br />-$135
<br />-202
<br />-269
<br />-539
<br />-1,347
<br />-2,694
<br />-8,081
<br />-13,469
<br />-18,856
<br />-26, 937
<br />Seasonal/Recreational (Residential)
<br />$750 n/a -$66 -$119 -$162
<br />1,500 n/a -133 -238 -323
<br />2,000 n/a -177 -317 -431
<br />3,000 n/a -266 -476 -646
<br />4,000 n/a -354 -635 -862
<br />5,000 n/a -443 -793 -1,077
<br />Residential Non•Homestead (Sinqie Unit)
<br />$750 n/a -$66 -$119 -$162
<br />1,500 n/a -133 -238 -323
<br />2,000 n/a -177 -317 -431
<br />3,000 n/a -266 -476 -646
<br />4,000 n/a -354 -635 -862
<br />5,000 n/a -443 -793 -1,077
<br />Apricultural Homestead
<br />Value per Acre $5,000
<br />Dwelling Est. Net Tax
<br />Market (b) Acres Total EMV (c) Ca aci
<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 />n/a -$241 -$431 -$586
<br />n/a -418 -749 -1,017
<br />n/a -935 -1,674 -2,274
<br />n/a -2,352 -4,213 -5,721
<br />Aqricultural Non-Homestead
<br />Net Tax
<br />Acres Total EMV (c) Ca aci
<br />80 $400,000 $4,000 n/a -$354 -$635 -$862
<br />160 800,000 8,000 n/a -709 -1,269 -1,724
<br />320 1,600,000 16,000 n/a -1,418 -2,539 -3,448
<br />640 3,200,000 32,000 n/a -2,835 -5,078 -6,896
<br />(a) Estimated market value is the basis from wf�ich the net tax capacify is calculated.
<br />This value is not necessarily fhe price the properfy vtiould bring if sold.
<br />(bJ Includes house, garage and one acre w�th an estimated market value of $100, 000.00
<br />(c) Estimated value per tillable acre is $5, 000.00
<br />Public Sector Advisors
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