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Wayzata School District No. 284 Estimated Tax Impact of Proposed Building Bonds December 18, 2013 Bond Issue Amount

$109,645,000

Number of Years

20 Years, 8 Months

Additional Debt Service Levy Payable in 2015 Est. Tax Capacity Rate*

Type of Property

Residential Homestead Median estimated market value of homes in the Wayzata School District

Commercial/ Industrial +

Apartments and Residential Non-Homestead (2 or more units)

*

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

$4,123,140 3.76% Estimated Tax Impact* Payable 2015 $27 47 68 88 109 123 129 150 169 188 235 282 329 376 423 893 $75 214 330 446 909 $71 141 235 470

The figures in the table are based on school district taxes for the potential new bond issue 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. Some owners of homestead property will qualify for a refund, based on their income and total property taxes. This will decrease the net effect of the proposed bond issue for a number of property owners.

+ For commercial-industrial property, the estimates above are for property in the City of Plymouth. 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.

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