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Below is the effect of levy increases of 1, 2, 3, and 4 percent on residential properties for the City’s share
<br />of taxes for 2018 (does not include other taxing districts such as Ramsey County and ISD 621) based on
<br />the Ramsey the County Assessor’s estimated values. Ramsey County will provide preliminary 2018 values
<br />in late August. (Est. tax capacity increased 6%, median home 6.3%)
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<br />
<br />The City has settled contracts with the two police unions and the public works bargaining group contract
<br />is pending. (Contracts are thru 2019) The contracts provide for a 2.75% cost of living adjustment in 2018.
<br />15 employees will receive step or longevity increases in 2018 of 2% to 10%. Health insurance premium
<br />increases are not known, we will receive our rate notice in mid October. The impact to the budget will
<br />depend upon the size of the unknown rate increase. The City’s health insurance contribution increased
<br />$40 in 2017 to $1,050 per month compared with $20 in 2016. Past premium increases were as follows:
<br />11.3% for 2017, 5.4% for 2016, 4.6% for 2015, 5.1% for 2014, 20% for 2013, 21% for 2012, and 0% for
<br />2011.
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<br />The employer’s share of PERA will remain at 7.50% for General (non-police) plan members, the PERA
<br />General rate has increased from 5.53% in 2005 to 7.50% in 2015. The Police plan will increase in 2018 and
<br />2019 by a proposed 0.75% each year. The 2018 employer amount will be 16.95%. The police PERA rate
<br />Sample Estimated Home Tax Impact
<br />City of Mounds View Only
<br />2018 2018 2018 2018 2018 2018
<br />Est. Market Est. Taxable 2017 Tax 1% levy Tax 2% levy Tax 3% levy Tax 4% levy
<br />Value Value Tax Increase Increase Increase Increase
<br />62,791$ 37,691 141 147 149 151 153
<br />125,581 99,681 363 389 394 399 404
<br />188,371 168,071 618 657 665 673 681
<br />251,161 236,561 873 924 936 947 959
<br />313,952 304,952 1,128 1,192 1,207 1,221 1,236
<br />376,742 373,442 1,383 1,459 1,478 1,495 1,513
<br />439,532 439,532 1,638 1,717 1,739 1,760 1,781
<br />502,322 502,322 1,873 1,963 1,988 2,011 2,035
<br />565,113 565,113 2,107 2,208 2,236 2,263 2,290
<br />Tax
<br />capacity for Local
<br />local rate tax rate Tax Levy
<br /> 2005 6,679,189$ 46.966 3,838,994
<br /> 2006 7,533,462 39.939 3,838,994
<br /> 2007 8,364,245 37.328 3,838,994
<br /> 2008 8,574,618 34.962 3,838,994
<br /> 2009 8,475,755 32.351 3,799,393
<br /> 2010 7.9% levy increase (Streets)7,580,259 40.968 4,099,393
<br /> 2011 2% levy increase (Gen Fund)7,039,380 41.172 4,181,381
<br /> 2012 (Mkt. Value Homestead Credit ended)6,421,849 48.893 4,181,381
<br /> 2013 6,026,790 50.422 4,181,381
<br /> 2014 2% levy increase (Gen Fund)6,985,345 44.301 4,265,010
<br /> 2015 2% levy increase (Gen Fund)7,642,870 42.886 4,350,310
<br /> 2016 1% levy increase (Gen Fund)8,236,495 40.105 4,393,813
<br /> 2017 1.71% (Gen Fund) 2.28% (EDA/HRA)8,930,973 37.979 4,574,565
<br /> 2018 1% levy increase (Gen Fund)9,469,622 36.982 4,439,502
<br /> 2018 2% levy increase (Gen Fund)9,469,622 37.475 4,485,191
<br /> 2018 3% levy increase (Gen Fund)9,469,622 37.947 4,530,880
<br /> 2018 4% levy increase (Gen Fund)9,469,622 38.429 4,576,569
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