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MISCELLANEOUS RATES <br />Metropolitan Council <br />Metropolitan Transit Commission <br />Mosquito Control <br />Apply to all municipalities <br />.548 <br />3.329 <br />.257 <br />County Library 1.702 <br />Applies to all units except St. Paul <br />North Suburban Hospital District <br />Applies only to Blaine, Mounds View <br />and Spring Lake Park <br />.067 <br />St. Paul Housing Authority .535 <br />St. Paul Port Authority 1.089 <br />Apply only to City of St. Paul <br />Metro Watershed District (Ramsey- Wash.) .271 <br />Applies where designated by (M) on <br />reverse side. <br />Rice Creek Watershed District <br />Applies where designated by (R) on <br />reverse side. <br />.453 <br />Valley Branch Watershed District 1.083 <br />Applies where designated by (V) on <br />reverse side. <br />St. Anthony Housing & Redevelopment Auth. .363 <br />TAX COMPUTATION <br />Example of tax computation for 1983 on a Home- <br />stead Property in St. Paul - 625, assessed at <br />an Estimated Market Value of $60,000: <br />Assessed value is determined as follows: <br />16% x first $27,000 of Estimated <br />Market Value equals $ 4,320 <br />22% x next $27,000 of Estimated <br />Market Value equals 5,940 <br />28% x excess over $54,000 Estimated <br />Market Value equals 1,680 <br />Taxable Assessed Value $ 11,940 <br />This assessed value is the amount to <br />which the tax rate is applied. <br />.108139 x $11,940 equals gross tax $1,291.18 <br />58% x $1,291.18 (Limit $650.00) <br />equals Homestead Credit 650.00 <br />Tax Payable $ 641.18 <br />FISCAL DISPARITY SHARING FACTORS <br />Arden Hills <br />Blaine <br />Falcon Heights <br />Gem Lake <br />Lauderdale <br />Little Canada <br />Maplewood <br />Moundsview <br />New Brighton <br />North Oaks <br />North St Paul <br />Roseville <br />St. Anthony <br />St. Paul <br />Shoreview <br />Spring Lake Park <br />Vadnais Heights <br />White Bear Lake <br />Town of White Bear <br />.251157 <br />. 119121 <br />.168405 <br />.237604 <br />. 075965 <br />.274659 <br />.238251 <br />. 287738 <br />.258666 <br />.177743 <br />.202035 <br />.226195 <br />. 142297 <br />.136208 <br />.281055 <br />. 186093 <br />.297056 <br />.233678 <br />.243898 <br />TAX INCREMENT DISTRICT'S SHARING FACTORS <br />1111 Energy Park -St. Paul <br />1112 Blighted District -St. Paul <br />1113 Blaine <br />1114 Blaine <br />1121 New Brighton <br />1122 New Brighton <br />1123 New Brighton <br />1124 Block 40- Expansion of 7th <br />Place -St. Paul <br />1125 North St Paul <br />1161 North St. Paul <br />1181 Park Nursery -St. Paul <br />1182 Seventh Place -St. Paul <br />FISCAL DISPARITY RATE <br />.047197 <br />.214039 <br />.933448 <br />.111244 <br />.072488 <br />.080551 <br />.091413 <br />.570787 <br />.026667 <br />. 984878 <br />. 955547 <br />.570787 <br />FD (Fiscal Disparity) rate 100.348 <br />The appropriate FD sharing factor times <br />the assessed value of real or personal <br />property classified commercial or indus- <br />trial bears this rate. <br />WHAT IS A MILL? <br />A mill is one tenth of a cent or a <br />thousandth part of a dollar. Therefore, <br />one mill results in $1.00 of tax for <br />each $1,000 of assessed valuation. <br />Prepared by: <br />DEPARTMENT OF TAXATION & RECORDS ADMINISTRATION <br />Lou McKenna, Director <br />138 Court House <br />St. Paul, Minnesota 55102 <br />