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<br />2.88% <br />6.95% <br />3.00% <br />4.19% <br />2.96% <br />5.00% <br />11.75% <br />8.74% <br />7.84% <br />11.38% <br />0.00% <br />2.00% <br />4.00% <br />6.00% <br />8.00% <br />10.00% <br />12.00% <br />14.00% <br />2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 <br />Gross Levy Increase/Decrease History <br /> <br /> <br />Projected Tax Rate <br /> <br />Based on the requested budget the tax rate is 5.43% increase or a rate of 29.411. The Final Tax <br />for the 2025 budget positioned the City of Little Canada as the 3rd lowest in Ramsey County with <br />a rate of 27.896. <br /> <br />The City tax rate is important because it is one of the two primarily factors that is used for <br />calculating the City portion of the property tax. The formula to calculate is as follows: <br /> <br />Assessed Market Home Value X Tax Rate = City portion of Property Taxes <br /> <br />2025 %2026 % <br />TAX CAPACITY RATES: Budget Change Budget Change <br />General Fund - 101 25.293 12.17%26.572 5.06% <br />General capital Imp - 400 0.736 35.43%1.071 45.63% <br />Fire Equipment Fund - 457 0.736 -15.35%0.696 -5.34% <br />Infrastructure Fund - 450 1.132 30.23%1.071 -5.34% <br />TOTALS:27.896 12.35%29.411 5.43% <br />