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Proposed 2023 City Taxes on a Median Single‐Family HomeInteractive Tax Calculation Worksheet can be found on Ramsey County’s website by selecting the “Homestead vs. Non‐Homestead” Excel link. https://www.ramseycounty.us/residents/property‐home/taxes‐values/tax‐calculators‐rates12/6/2022Final Final Proposed2021 2022 2023Total Tax Capacity 32,566,901 33,545,737 37,772,394Captured Tax Increment Tax Capacity(2,884,164) (3,100,922) (3,561,916)Fiscal Disp Contribution(3,350,497) (3,744,545) (3,573,479)Value for Local Rate 26,332,240 26,700,270 30,636,999[A](Taxable Net Tax Capacity)City Tax Levy 10,602,400 11,475,600 12,609,5009.88% increase in levyFiscal Disparities Distribution(1,498,946) (1,517,017) (1,654,606)Net City Tax Levy 9,103,454 9,958,583 10,954,894[B]Calculated City Tax Rate 34.572% 37.298% 35.757%[C = B / A]City Median Estimated Value of Single-Family Home 299,300 315,700 358,200 13.5% increase in home valueHomestead Exclusion(10,303) (8,827) (5,002)Taxable Marked Value 288,997 306,873 353,198 Class Rate 1% 1% 1%Net Tax Capacity 2,890 3,069 3,532 [D]Estimated Annual Tax 999$ 1,145$ 1,263$ [C*D]Annual Increase from 2022 118$ Monthly Increase from 2022 10$
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