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#02 - 2025 Budget
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08-27-24 W
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#02 - 2025 Budget
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8/19/2025 2:31:47 PM
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10/18/2024 2:19:34 PM
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The Median Home Value fell this year; from $585,700 in 2024 to $581,700 for tax year 2025. When <br />applying the estimated tax rate to a median value home, you would see an increase of $108 in city tax for <br />the year, or $9.00 per month. <br />2024 2025 <br />Median Value Home 585,700 581,700 <br />Tax Rate - - <br />24.63% (final 2024) 1,495 1,483 <br />26.63% (est. 2025) 1,617 1,603 <br />2% change in Tax Rate $108 increase on MVH <br />Lake Elmo remained low compared to tax rates of other Washington County cities in 2024. Ranked at 21 <br />out of 27 Washington County cities, it is in the lowest quartile among cities, and in the bottom half if also <br />considering townships. <br />Rank Taxing Authority 2024 (%) Rank Taxing Authority 2024 (%) <br />1 Hastings 55.23 15 Lakeland 30.36 <br />2 Oak Park Heights 49.50 16 Bayport 27.73 <br />3 Willernie 48.03 17 Woodbury 27.60 <br />4 Marine on St. Croix 47.85 18 White Bear Lake 27.32 <br />5 Landfall 47.77 19 Scandia 26.70 <br />6 Stillwater 47.09 20 Birchwood 24.71 <br />7 Newport 46.20 21 Lake Elmo 24.63 <br />8 Oakdale 38.13 22 Afton 23.53 <br />9 Forest Lake 37.62 23 Lakeland Shores 19.66 <br />10 Saint Paul Park 37.35 24 Saint Mary's Point 17.07 <br />11 Hugo 36.52 25 Dellwood 16.36 <br />12 Mahtomedi 33.94 26 Grant 10.33 <br />13 Cottage Grove 32.91 27 Pine Springs 7.77 <br />14 Lake St. Croix Beach 30.79 <br />When removing some of the smallest cities and largest cities, Lake Elmo has the 9th lowest tax rate out of <br />the 10 cities that are closest in population. <br />City tax rates and levies vary drastically due to a number of reasons. It may be the level of service they <br />provide; for instance, they may have full-time Fire, Police or Ambulance. They may have debt related to <br />buildings or infrastructure - or not - and they may be levying for future needs - or not. So, while tax rate is <br />a helpful comparison, it is only a single perspective and should be looked at in terms of what services are <br />provided, as well as the tax capacity of the city. <br />0 <br />10 <br />20 <br />30 <br />40 <br />50 <br />60 <br />Oak Park <br />Heights <br />Stillwater Newport Forest Lake Saint Paul <br />Park <br />Hugo Mahtomedi Scandia Lake Elmo Grant <br />2024 Tax Rates (%) <br />Washington County Cities most similar in Population
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