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<br /> <br />For 2023, the median taxable valuation for a single-family home in Saint Anthony is $396,000, <br />an increase of 8.2% over 2022. Based on the median valuation of $366,000, the “City Portion” <br />of 2023 property taxes is $2,430.96. A breakdown of the taxes is as follows: <br /> <br /> General Fund Budget $1,571.21 <br /> Road Improvements 570.35 <br /> Public Facilities 92.99 <br /> Capital Improvements 146.58 <br /> Tax Abatement 49.83 <br /> Total $2,430.96 <br /> <br />In 2022 the median taxable valuation for a single-family home in Saint Anthony was $366,000 <br />with City taxes of $2,341.39 Therefore, the increase in “City taxes” for a median value home <br />will be $87.57 in 2023 or 3.83% increase. <br /> <br />The overall taxes on a median value single-family home will be $6,144.32 in 2023 compared to <br />$6,042.34 in 2022. The 2023 overall increase of $101.98 reflects increases in County, City and <br />School taxes. <br /> <br />At tonight’s Council meeting a resolution needs to be passed adopting the 2023 budgets and <br />certifying the final tax levy to Hennepin and Ramsey Counties. <br /> <br />Recommendation <br /> <br />Staff recommends that Council approves resolution 23-xxx; Adopting the 2023 General Fund <br />operating budget of $8,744,588 (based on 2023 General Fund expenditures) and certifying the <br />final Property Tax Levy of $8,687,485 to Hennepin and Ramsey Counties <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />26