Wayzata School District No. 284 Estimated Tax Impact of Proposed Capital Projects Levy February 2014 Election
Renew Levy Originally Authorized in 2005 For Taxes Payable in 2016
September 11, 2013
Expiring Authority Proposed Authority Annual Revenue Year Taxes Are Payable Est. Tax Capacity Rate
Type of Property
Residential Homestead Median estimated market value of homes in the Wayzata School
Commercial/ Industrial +
Apartments and Residential Non-Homestead
Estimated Market Value $100,000 150,000 200,000 250,000 300,000 333,900 350,000 400,000 450,000 500,000 600,000 700,000 800,000 900,000 1,000,000 2,000,000 $200,000 500,000 750,000 1,000,000 2,000,000 $150,000 300,000 500,000 1,000,000
Net Change
-$2,640,273
$2,719,481
$79,208
2015 -2.409%
2016 2.409%
0.000%
Estimated Taxes for Capital Projects Levy -$17 $17 $0 -30 30 0 -44 44 0 -57 57 0 -70 70 0 -79 79 0 -83 83 0 -96 96 0 -108 108 0 -120 120 0 -151 151 0 -181 181 0 -211 211 0 -241 241 0 -271 271 0 -572 572 0 -$49 $49 $0 -140 140 0 -216 216 0 -292 292 0 -596 596 0 -$45 $45 $0 -90 90 0 -151 151 0 -301 301 0
* The figures in the table are based on school district taxes for the proposed capital projects levy only, and do not include tax levies for other purposes. Tax increases shown above are gross increases, not including the impact of the state Property Tax Refund ("Circuit Breaker") program. Many owners of homestead property will qualify for a refund, based on their income and total property taxes. This will decrease the net tax increase for many property owners. + For commercial-industrial property, the estimates above are for property in the City of Wayzata37.0114% . The tax impact for commercial-industrial property in other municipalities in the school district may be slightly different, due to the varying impact of the Twin Cities Fiscal Disparities program.
NOTE: Tax Rate to Include on Ballot is:
2.362660%
CPLevy14a