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Sample Estimated Home Tax Impact
<br />City of Mounds View Only
<br />2014 Median valued home declined by $4,381 or 3.164%
<br />Market value is reduced by "Homestead Market Value Exclusion" to get taxable value.
<br />MVM Sample Home Tax Impact Report 08/22/2013 10:48 AM
<br />3% Levy
<br />No Levy
<br />2013
<br />2013
<br />2014
<br />Increase
<br />Decrease
<br />Increase
<br />Decrease
<br />Taxable
<br />City
<br />Taxable
<br />2014 City
<br />In
<br />2014 City
<br />In
<br />Value
<br />Tax
<br />Value
<br />Tax Levy
<br />City Taxes
<br />Tax Levy
<br />City Taxes
<br />89,129
<br />448.28
<br />86,309
<br />386.39
<br />$ (61.89)
<br />370.94
<br />(77.34)
<br />111,411
<br />560.34
<br />107,886
<br />482.98
<br />(77.36)
<br />463.67
<br />(96.67)
<br />133,693
<br />672.41
<br />129,463
<br />579.58
<br />(92.83)
<br />556.41
<br />(116.01)
<br />138,464
<br />696.41
<br />134,083
<br />600.26
<br />(96.15)
<br />576.26
<br />(120.15)
<br />155,975
<br />784.48
<br />151,040
<br />676.18
<br />(108.31)
<br />649.14
<br />(135.34)
<br />178,257
<br />896.55
<br />172,617
<br />772.77
<br />(123.78)
<br />741.88
<br />(154.67)
<br />200,539
<br />1,008.62
<br />194,194
<br />869.37
<br />(139.25)
<br />834.61
<br />(174.01)
<br />222,821
<br />1,120.69
<br />215,771
<br />965.97
<br />(154.72)
<br />927.34
<br />(193.34)
<br />245,103
<br />1,232.76
<br />237,349
<br />1,062.56
<br />(170.19)
<br />1,020.08
<br />(212.68)
<br />267,385
<br />1,344.82
<br />258,926
<br />1,159.16
<br />(185.67)
<br />1,112.81
<br />(232.01)
<br />289,667
<br />1,456.89
<br />280,503
<br />1,255.75
<br />(201.14)
<br />1,205.55
<br />(251.34)
<br />311,949
<br />1,568.96
<br />302,080
<br />1,352.35
<br />(216.61)
<br />1,298.28
<br />(270.68)
<br />334,231
<br />1,681.03
<br />323,657
<br />1,448.95
<br />(232.08)
<br />1,391.02
<br />(290.01)
<br />356,513
<br />1,793.10
<br />345,234
<br />1,545.54
<br />(247.55)
<br />1,483.75
<br />(309.35)
<br />378,795
<br />1,905.16
<br />366,811
<br />1,642.14
<br />(263.03)
<br />1,576.48
<br />(328.68)
<br />401,077
<br />2,017.23
<br />388,388
<br />1,738.73
<br />(278.50)
<br />1,669.22
<br />(348.02)
<br />423,359
<br />2,129.30
<br />409,965
<br />1,835.33
<br />(293.97)
<br />1,761.95
<br />(367.35)
<br />Tax capacity
<br />for local rate
<br />Local tax rate
<br />Tax Levy
<br />2005
<br />$ 6,679,189
<br />46.966
<br />3,838,994
<br />2006
<br />7,533,462
<br />39.939
<br />3,838,994
<br />2007
<br />8,364,245
<br />37.328
<br />3,838,994
<br />2008
<br />8,574,618
<br />34.962
<br />3,838,994
<br />2009 (State Levy limits)
<br />8,475,755
<br />32.351
<br />3,799,393
<br />2010 7.9% levy increase (Streets)
<br />7,580,259
<br />40.968
<br />4,099,393
<br />2011 2% levy increase (Gen Fund)
<br />7,039,380
<br />41.172
<br />4,181,381
<br />2012'
<br />6,421,849
<br />48.893
<br />4,181,381
<br />2013
<br />6,041,960
<br />50.295
<br />4,181,381
<br />2014 3% levy increase (Gen Fund)
<br />7,010,457
<br />44.768
<br />4,306,823
<br />- Tax capacity is reduced by the new Homestead Value
<br />Exemption of $634,860 city-wide,
<br />this accounts for the
<br />majority of the
<br />rate increase.
<br />2014 Median valued home declined by $4,381 or 3.164%
<br />Market value is reduced by "Homestead Market Value Exclusion" to get taxable value.
<br />MVM Sample Home Tax Impact Report 08/22/2013 10:48 AM
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