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  <br />For comparison purposes City staff has contacted other municipalities in Ramsey County to determine <br />their estimated preliminary levy increase. The estimated average increase for these municipalities is <br />9.29% and the Median is 8.38%. The preliminary levy increases may increase or decrease when the <br />levies are approved by each municipality. <br /> <br />13.17% <br />7.00% <br />7.77% <br />16.95% <br />10.79% <br />9.80% <br />7.67% <br />8.99% <br />5.80% <br />10.00% <br />6.50% <br />7.00% <br />0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% <br />Arden Hills <br />Falcon Heights <br />White Bear Township <br />Vadnais Heights <br />Little Canada <br />New Brighton <br />North  St. Paul <br />Roseville <br />Saint Anthony Village <br />Shoreview <br />Mounds View <br />Maplewood <br />2024 City Property Tax  Levy  Increases in Ramsey County <br /> <br /> <br />2024 Proposed Tax Rates: <br />As noted in the budget workshop on August 9th, the tax rate is an important factor used to calculate the <br />city portion of a resident’s property tax bill. The basic formula for calculation is as follows: <br /> <br />Tax Rate x Home Market Value = City Tax <br /> <br />The 2023 Tax Rate was a 0.25% decrease from 2022, and the 2024 tax rate will also be a decrease of <br />0.36% from 2023 tax rate. <br /> <br /> <br /> <br />General Fund 23.546 23.104   (0.44)‐1.88% <br />General Capital Imp 0.000 0.545     0.55  <br />Fire Equipment 0.970 0.872   (0.10)‐10.07% <br />Infrastructure Fund 0.970 0.872   (0.10)‐10.07% <br />Total 25.486 25.394   (0.09)‐0.36% <br /> Change  % Change <br />2024 Proposed Tax  Capacity Rates Commpared with  <br />2023 <br />Fund <br />2023  <br />Rate <br />3.00% COLA <br />2024