02-28-2007 Council Agenda - Laserfiche WebLink

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TAX CAPACITY RATES' 2001/02 2002/03 2003/04 2004/05 2005/06 Ramsey County 50.749% 50.286% 49.439% 45.848% 43.554% Ramsey County Library 4.617% 4.317% 3.696% 3.362% 3.069% City of Little Canada 29.694% 27.541% 26.289% 23.681% 21.373% I.S.D. No. 623 (Roseville) 10.019% 12.486% 15.431% 16.713% 16.664% I.S.D. No. 624 (White Bear Lake) 24.157% 22.906% 24.347% 20.602% 17.785% NE Metro Intermediate Dist. No. 916 0.070% 0.098% 0.083% 0.075% 0.066% Metro Watershed 2.265% 3.066% 1.833% 2.182% 2.455% Metro Transit 1.586% 1.852% 0.000% 0.000% 0.000% Metropolitan Council 1.532% 1.506% 3.115% 2.755% 2.491% Metropolitan Mosquito Control 0.514% 0.586% 0.606% 0.588% 0.523% Regional Rail 0.096% 1.407% 0.522% 0.833% 2.453% Referendum Market Value Rates: I.S.D. No. 623 (Roseville) 0.17734% 0.20792% 0.19583% 0.16244% 0.15115% T.S.D. No. 624 (White Bear Lake) 0.12099% 0.17958% 0.15719% 0.14138% 0.13633% Source: Tax Collections and Tax Capacity Rates have been furnished by Ramsey County. LEVY LIMITS The State Legislature has periodically imposed limitations on the ability of municipalities to levy property taxes. In 2001, the Legislature imposed levy limits for all counties and all cities over 2,500 population. These limitations have not applied to taxes levied to pay debt service. While these limitations have expired, the potential exists for future legislation to limit the ability of local governments to levy property taxes. For more detailed information about Minnesota levy limits, contact the Minnesota Department of Revenue or Ehlers & Associates. After reduction for state aids. Does not include the statewide general property tax against commercial /industrial, non - homestead resorts and seasonal recreational residential property which is effective with taxes payable in 2002 and 2003. 18