|
<br />
<br />
<br />
<br />Taxable Market Value City Tax Taxable Market Value City Tax
<br />250,000 697.40 261,900 770.28 72.88$ 10.45%
<br />376,750 1,050.98$ 394,683 1,160.81 109.83$ 10.45%
<br />550,000 1,534.27 576,180 1,694.61 160.34$ 10.45%
<br />650,000 1,813.23 680,940 2,002.72 189.49$ 10.45%
<br />800,000 2,231.67 838,080 2,464.89 233.22$ 10.45%
<br />Increase/Decrease
<br />RESIDENTIAL SINGLE HOME - Median Market Value Change 4.76%
<br />% ChanageTax Year 2025 Tax Year 2026
<br />
<br />Taxable Market Value City Tax Taxable Market Value City Tax
<br />750,000 2,484.97$ 747,600 2,611.12 126.15$ 5.08%
<br />1,500,000 5,100.77$ 1,495,200 5,360.18 259.41$ 5.09%
<br />3,000,000 10,332.64$ 2,990,400 10,858.59 525.95$ 5.09%
<br />5,000,000 17,308.29$ 4,984,000 18,189.61 881.32$ 5.09%
<br />15,000,000 52,186.26$ 14,952,000 54,844.41 2,658.15$ 5.09%
<br />COMMERCIAL/INDUSTRIAL - Market Value Change -0.32%
<br />Tax Year 2025 Tax Year 2025 Increase/Decrease % Chanage
<br />
<br />For comparison purposes, City staff has contacted other municipalities in Ramsey County to
<br />determine their estimated preliminary levy increase. The estimated average increase for these
<br />municipalities is 10.01, and the Median is 10.00%. The preliminary levy increases may increase
<br />or decrease when the levies are approved by each municipality
<br />
|