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The tables below show the potential annual impacts to different valued properties. The lines highlighted in green
<br />represent a median valued home in Mounds View.
<br />
<br />
<br />% levy increase Total levy amt $ levy increase General Fund (220,000) Use levy reduction fund
<br />EDA - No increase in levy
<br />4.35%7,184,224$ 299,456$ Street Improvement - No increase in levy
<br />Value of Value of Taxable
<br />Property for Property for Value for $ %
<br />Pay 2024 Pay 2025 Pay 2025 Pay 2024 Pay 2025 CHANGE CHANGE
<br />90,000$ 91,800$ 55,080$ 234$ 221$ (13)$ -5.4%SCENARIO #1
<br />160,000$ 163,300$ 131,400$ 517$ 515$ (2)$ -0.4%
<br />240,000$ 244,900$ 220,400$ 840$ 857$ 17$ 2.0%
<br />317,600$ 324,100$ 306,700$ 1,154$ 1,188$ 35$ 3.0%
<br />400,000$ 408,200$ 398,400$ 1,487$ 1,541$ 54$ 3.6%
<br />500,000$ 510,200$ 509,600$ 1,864$ 1,976$ 113$ 6.0%
<br />600,000$ 612,300$ 612,300$ 2,324$ 2,466$ 142$ 6.1%
<br />General Fund (220,000) Use levy reduction fund
<br />EDA 10,000 Increase levy
<br />6.67%7,344,224$ 459,456$ Street Improvement 150,000 Increase levy
<br />Value of Value of Taxable
<br />Property for Property for Value for $ %
<br />Pay 2024 Pay 2025 Pay 2025 Pay 2024 Pay 2025 CHANGE CHANGE
<br />90,000$ 91,800$ 55,080$ 234$ 227$ (7)$ -3.0%SCENARIO #2
<br />160,000$ 163,300$ 131,400$ 517$ 528$ 11$ 2.2%
<br />240,000$ 244,900$ 220,400$ 840$ 879$ 39$ 4.7%
<br />317,600$ 324,100$ 306,700$ 1,154$ 1,220$ 66$ 5.7%
<br />400,000$ 408,200$ 398,400$ 1,487$ 1,581$ 95$ 6.4%
<br />500,000$ 510,200$ 509,600$ 1,864$ 2,029$ 165$ 8.9%
<br />600,000$ 612,300$ 612,300$ 2,324$ 2,532$ 208$ 8.9%
<br />General Fund - Balanced budget
<br />EDA - No increase in levy
<br />7.55%7,404,224$ 519,456$ Street Improvement - No increase in levy
<br />Value of Value of Taxable
<br />Property for Property for Value for $ %
<br />Pay 2024 Pay 2025 Pay 2025 Pay 2024 Pay 2025 CHANGE CHANGE
<br />90,000$ 91,800$ 55,080$ 234$ 229$ (5)$ -2.1%SCENARIO #3
<br />160,000$ 163,300$ 131,400$ 517$ 533$ 17$ 3.2%
<br />240,000$ 244,900$ 220,400$ 840$ 888$ 48$ 5.7%
<br />317,600$ 324,100$ 306,700$ 1,154$ 1,232$ 78$ 6.8%
<br />400,000$ 408,200$ 398,400$ 1,487$ 1,597$ 110$ 7.4%
<br />500,000$ 510,200$ 509,600$ 1,864$ 2,049$ 185$ 9.9%
<br />600,000$ 612,300$ 612,300$ 2,324$ 2,556$ 233$ 10.0%
<br />CITY TAX
<br />CITY TAX
<br />CITY TAX
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