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Property Tax System <br />Value Class Rates Tax Capacity <br />City Tax Levy $ <br />County Tax Levy $ <br />School Tax Levy $ <br />Taxable Rates by classes Tax Tax <br />Value of X of property as set =Capacity of =Capacity <br />All Property by the State of All Property Rate <br />Minnesota <br />Taxable Tax Tax Your <br />Value of X 1% to $500,000 =Capacity of X Capacity =Tax <br />Your Home then 1.25%Your Home Rate Bill