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1985 RAMSEY COUNTY TAX INFORMATION <br />WHERE YOUR HOME TAX DOLLARS GO <br />Distribution of tax dollars in the City of St. Paul, 625 <br />Schools <br />43.47% <br />' County <br />24.67 % <br />Miscellaneous <br />}lousing & Red. Auth <br />Metro Council <br />Metro Transit <br />Mosq. Cottrol <br />.47% <br />.46% <br />2.88% <br />.32% <br />4.13% <br />City <br />27.73% <br />Gen.Fund= 12.39 <br />Bond Ind= 15.34 % <br />27.73 <br />WHERE YOUR COUNTY GOVERNMENT <br />TAX DOLLARS GO <br />Debt <br />Services <br />4.53% <br />Public <br />Works <br />6.68% <br />Other <br />Pulletiun� <br />2_.85 %, <br />Health Services <br />Iluman Services <br />6.52% i 39.84% <br />General Gov't. <br />14.35% <br />Public Safety <br />18.24% <br />Cultural Recreation <br />6.99% <br />To the Taxpayer: <br />Ramsey C6unty provides quality services and programs to its residents. <br />I luwever, many local government costs are mandated by the slate and <br />federal governments. The County has little control over these costs, <br />which are re ll ec ltd In your tau statement. It is the goal of the Ramsey <br />County hoard of Commissioners to continue to provide quality services <br />at is minimum cost to the taxpayer. <br />Warren W. Schaper, Chairman <br />Ramsey County Board of Commissioners <br />TAX COMPUTATION <br />Example of tax computation for 1985 on a Homestead Prop - <br />ery and a Non- Homestead Residential propert y in St. Paul - <br />6_2.5 assessed at an Estimated Market Value of S70,000: <br />HOMESTEAD PROPERTY <br />Assessed value is determined as follows: <br />7 6 x first 531,000 of Estimated <br />Market Value equals $ 5,270 <br />19% x next 531,000 of Estimated <br />Market Value equals 5,890 <br />30% x excess over 562,000 Estimated <br />Market Value equals 2,400 <br />Taxable Assessed Value 5 13,560 <br />This assessed value is the amount to which the tax rate is <br />applied. <br />.118675 x SI3,560 equals gross tax 51,609..24 <br />*512,660 x .118675 x 54% (Limit 5650) <br />equals Homestead Credit $ 650.00 <br />Tax Payable 5 959.24 <br />*Note: Homestead Credit is paid on 1st S67.000 of Estimated <br />Market Value only. 512,660 is resulting assessed value <br />on 567,000 Estimated Market Value. <br />NON - HOMESTEAD RESIDENTIAL- <br />(Three units or less)* <br />Assessed value is determined as follows: <br />28% x the Estimated Market Value <br />equals the taxable assessed value <br />(.28 x 570,000) S 19,600 <br />This assessed value is the amount to which <br />the tax rate is applied. <br />.118675 x 519,600 equals total tax 522,326.04 <br />*Non- }lumestead residential (four or more units) is assessed at <br />34%. <br />Mill Rate Sheets showing rates of all cities and towns in <br />Ramsey County are available on request —Call 298-4711. <br />16 <br />Prepared by <br />DEPARTMENT OF TAXATION AND <br />RECORDS ADMINISTRATION <br />Lou McKenna, Director <br />138 Court House <br />St. Paul, Minnesota 55102 <br />