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12-04-2024 Council Packet
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12-04-2024 Council Packet
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12/12/2024 5:24:06 PM
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<br />2025 Proposed Tax Rates <br />The tax rate is an important factor used to calculate the city portion of a resident’s property tax bill. The <br />basic calculation formula is as follows: <br /> <br />Tax Rate x Home Market Value = City Tax <br /> <br /> <br />2024 %2025 % <br />TAX CAPACITY RATES:Budget Change Budget Change <br />General Fund - 101 22.548 -4.24% 25.163 11.60% <br />General capital Imp - 400 0.543 #DIV/0! 0.732 34.74% <br />Fire Equipment Fund - 457 0.869 -10.40% 0.732 -15.79% <br />Infrastructure Fund - 450 0.869 -10.40% 1.126 29.56% <br />TOTALS:24.829 -2.57%27.752 11.77% <br /> <br /> <br />The following table includes the 2025 preliminary tax rates for each municipality in Ramsey County. As <br />noted below, the City of Little Canada has the 3rd lowest tax rate in Ramsey County based on preliminary <br />budgets submitted in September. The rates presented may change once the final budgets are submitted. <br /> <br />12.093 <br />27.252 27.752 28.068 30.384 31.988 32.368 33.215 <br />38.551 38.870 39.050 39.271 40.086 42.573 46.106 48.208 49.311 53.894 <br />66.078 <br />0 <br />10 <br />20 <br />30 <br />40 <br />50 <br />60 <br />70 <br />2025 Preliminary Tax Rates Cities in Ramsey County <br /> <br />
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