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Below is the effect of levy increases of 1, 2, and 3 percent on residential properties for City taxes
<br />only for 2017 based on 2016 values. Ramsey County will provide 2017 values in late August.
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<br />Sample Estimated Home Tax Impact
<br />City of Mounds View Only
<br />2016 2016 2017 2017 2017 2017
<br />Market Taxable 2016 Tax No levy Tax 1% levy Tax 2% levy Tax 3% levy
<br />Value Value Tax Increase Increase Increase Increase
<br />55,942$ 33,542 142 142 146 148 149
<br />111,884 84,584 357 357 368 372 377
<br />167,825 145,625 614 614 633 641 648
<br />223,767 206,567 872 872 898 909 920
<br />279,709 267,609 1,129 1,129 1,163 1,177 1,192
<br />335,651 328,551 1,386 1,386 1,428 1,445 1,463
<br />391,592 389,492 1,644 1,644 1,693 1,714 1,734
<br />447,534 447,534 1,888 1,888 1,945 1,969 1,993
<br />503,476 503,476 2,125 2,125 2,188 2,215 2,242
<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% levy increase (Gen Fund)8,236,495 41.369 4,437,751
<br /> 2017 2% levy increase (Gen Fund)8,236,495 41.903 4,481,689
<br /> 2017 3% levy increase (Gen Fund)8,236,495 42.436 4,525,627
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<br />The City will be negotiating new union contracts (LELS Patrol, LELS Sergeants, and Public
<br />Works) for 2017, 2018, and possibly 2019, inflation has been low over the last 3 year contract
<br />and is projected to remain low for the next few years with global economic weakness. In addition,
<br />14 employees will receive step or longevity increases in 2017 of 2% to 10%. Health insurance
<br />premium increases are not known, we will receive our rate notice in mid October. The impact to
<br />the budget will depend upon the size of the unknown rate increase. The City’s health insurance
<br />contribution increased $20 in 2016 to $1,010 per month compared with $10 in 2015. Past
<br />premium increases were as follows: 5.4% for 2016, 4.6% for 2015, 5.1% for 2014, 20% for 2013,
<br />21% for 2012, and 0% for 2011.
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