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City of Pequot Lakes, Minnesota
<br />May 21, 2013
<br />Page 5
<br />Estimated
<br />Market
<br />Value �a�
<br />$50,000
<br />70, 000
<br />85, 000
<br />100,000
<br />125,000
<br />150,000
<br />200,000
<br />225,000
<br />250,000
<br />300,000
<br />350, 000
<br />400,000
<br />450,000
<br />500, 000
<br />550, 000
<br />600,000
<br />650, 000
<br />700, 000
<br />750,000
<br />800, 000
<br />850,000
<br />900,000
<br />950,000
<br />1, 000, 000
<br />$100,000
<br />150, 000
<br />250, 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 />Pequot Lakes, Minnesota
<br />Estimated Tax Impact - Based on Net Tax Capacity
<br />Urban Tax Rate Phase-In
<br />2012/2013
<br />Net Tax
<br />Capacity
<br />$300
<br />420
<br />554
<br />718
<br />990
<br />1, 263
<br />1, 808
<br />2,080
<br />2,353
<br />2,898
<br />3,443
<br />3, 988
<br />4,500
<br />5,000
<br />5, 625
<br />6,250
<br />6,875
<br />7, 500
<br />8,125
<br />8,750
<br />9, 375
<br />10,000
<br />10,625
<br />11, 250
<br />$1,500
<br />2,250
<br />4,250
<br />9,250
<br />19,250
<br />59,250
<br />99,250
<br />139,250
<br />199,250
<br />Year 1
<br />Urban Tax Rate� 75.900% 67.040%
<br />Homestead Residential
<br />Comme rcia 1/Industria l
<br />$228
<br />319
<br />421
<br />545
<br />751
<br />958
<br />1,372
<br />1,579
<br />1, 786
<br />2,199
<br />2,613
<br />3, 027
<br />3,416
<br />3, 795
<br />4,269
<br />4,744
<br />5,218
<br />5,693
<br />6,167
<br />6,641
<br />7,116
<br />7, 590
<br />8, 064
<br />8,539
<br />$1,139
<br />1,708
<br />3,226
<br />7, 021
<br />14,611
<br />44, 971
<br />75, 331
<br />105,691
<br />151,231
<br />$201
<br />282
<br />371
<br />481
<br />664
<br />846
<br />1,212
<br />1,394
<br />1, 577
<br />1, 943
<br />2, 308
<br />2,673
<br />3, 017
<br />3, 352
<br />3, 771
<br />4,190
<br />4,609
<br />5,028
<br />5,447
<br />5,866
<br />6, 285
<br />6,704
<br />7,123
<br />7, 542
<br />$1,006
<br />1,508
<br />2, 849
<br />6,201
<br />12, 905
<br />39,721
<br />66,537
<br />93, 353
<br />133, 577
<br />Year 2 Year 3
<br />60.032% � 54.350% �
<br />$180 $163
<br />252 228
<br />333 301
<br />431 390
<br />594 538
<br />758 686
<br />1, 085 982
<br />1,249 1,131
<br />1,412 1,279
<br />1, 739 1, 575
<br />2, 067 1, 871
<br />2,394 2,167
<br />2,701 2,446
<br />3,002 2,718
<br />3,377 3,057
<br />3,752 3,397
<br />4,127 3,737
<br />4,502 4,076
<br />4,878 4,416
<br />5,253 4,756
<br />5,628 5,095
<br />6,003 5,435
<br />6,378 5,775
<br />6,754 6,114
<br />$900 $815
<br />1, 351 1,223
<br />2,551 2,310
<br />5,553 5,027
<br />11, 556 10,462
<br />35,569 32,203
<br />59,582 53,943
<br />83,594 75,683
<br />119,614 108,293
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