Tax Proposal Comparisons
The packet for our November 23rd workshop included a spreadsheet of the proposed 2010 levy increases in numerous metro cities. At the meeting, Finance Director Bob Mittet gave us an expanded version of that document with the proposed levies of more nearby communities.
Here's a summary of our immediate neighbors:
State-wide, the average proposed property tax increase for cities is 5.4%, according to a press release from Minnesota Revenue. Because the levy limit for 2010 is 0.8%, almost all of the property tax increases are special levies to make up for the state money taken away by Governor Pawlenty's unallotments of Local Government Aid and Market Value Homestead Credit.
At a 5% proposed levy increase, Maplewood is below the state average. This was true for the 2009 levy as well; our final increase was 2.1%, versus 4.3% average among all the cities in the state.
Here's a summary of our immediate neighbors:
North Saint Paul | 19.54% |
Vadnais Heights | 17.38% |
Roseville | 8.84% |
Saint Paul | 6% |
Little Canada | 4.98% |
Woodbury | 3.22% |
White Bear Lake | 2.40% |
Oakdale | 0.62% |
State-wide, the average proposed property tax increase for cities is 5.4%, according to a press release from Minnesota Revenue. Because the levy limit for 2010 is 0.8%, almost all of the property tax increases are special levies to make up for the state money taken away by Governor Pawlenty's unallotments of Local Government Aid and Market Value Homestead Credit.
At a 5% proposed levy increase, Maplewood is below the state average. This was true for the 2009 levy as well; our final increase was 2.1%, versus 4.3% average among all the cities in the state.
Labels: finance
Post a Comment