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<br />10.13 and the Median is 10.36%. The preliminary levy increases may increase or decrease when the <br />levies are approved by each municipality. <br /> <br />10.80% <br />6.59% <br />7.90% <br />6.59% <br />10.36% <br />9.00% <br />9.88% <br />9.51% <br />5.17% <br />12.49% <br />12.00% <br />12.71% <br />10.70% <br />14.00% <br />15.00% <br />0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% <br />Saint Anthony Village <br />White Bear Township <br />Savage <br />Shoreview <br />Saint Paul <br />Isanti <br />Lino Lakes <br />Mounds View <br />North St. Paul <br />Little Canada <br />Roseville <br />Maplewood <br />Falcon Heights <br />New Brighton <br />Lauderdale <br />New Brighton <br />Arden Hills <br />North Oaks <br />Vadnais Heights <br />White Bear Lake <br />2024 Preliminary City Property Tax Levy Increases in Ramsey County <br /> <br /> <br />Preliminary Tax Capacity Update <br /> <br />Ramsey County recently provided preliminary Tax Capacity values. These values are used to analyze <br />and predict the 2025 tax rate. As can be noted in the table below City’s tax capacity value decreased by <br />2.55%. This is not a positive outcome since a lower tax capacity projects a higher tax rate. The tax rate <br />is important since it is used in the annual calculation of property tax. The lower the tax rate, the lower <br />the tax. <br />Final Final Final Est. Final <br />Tax Capacity % Tax Capacity % Tax Capacity % Tax Capacity % <br />Values Change Values Change Values Change Values Change <br />2021/2022 2022/2023 2023/2024 2024/2025 <br />TAXABLE VALUATIONS: <br /> Real Estate 15,748,259$ 1.61% 17,378,323$ 10.35% 19,414,661$ 11.72% 19,413,456$ -0.01% <br /> Personal Property 108,410 -47.44% 112,262 3.55% 119,182 6.16% 145,518 22.10% <br /> SUBTOTALS:15,856,669 0.97% 17,490,585 10.30% 19,533,843 11.68% 19,558,974 0.13% <br /> Fiscal Disparities: <br /> Contribution (2,321,589) 13.03% (2,268,439) -2.29% (2,317,381) 2.16% (2,762,485) 19.21% <br /> <br /> Tax Increment (715,299) -0.50% (803,036) 12.27% (916,269) 14.10% (912,213) -0.44% <br /> TOTALS:12,819,781$ -0.87% 14,419,110$ 12.48% 16,300,193$ 13.05% 15,884,276$ -2.55% <br /> <br />The residential single home increase of $125.54 (page 4 PDF example) in property taxes for a median <br />home is larger than in recent past years due to a decrease in the City’s tax capacity of 2.55%. <br /> <br />The decrease can be attributed primarily to an increase in the City’s Fiscal Disparities Contribution to <br />the Fiscal Disparities Tax-Base Sharing Program and new legislative changes for taxes payable 2025 <br />and thereafter. <br /> <br />1) The Fiscal Disparities Program is a tax-base sharing program run by the Metropolitan <br />Council that began in 1975. Local tax jurisdictions contribute 40% of growth in commercial,