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Change in Market Values <br /> <br />Property values within cities experienced strong growth increasing 5.9% in 1996 and 7.4% in 1997 statewide. <br />This growth results from both new construction and increases in existing property values. In comparison, <br />the City of Ramsey's market value increased by 13.1% in 1996 and 9.5% in 1997. <br /> <br /> Statewide Change in Market Values and Tax Capacities (within Cities) <br /> <br /> Taxes Payable 1996 to 1997 <br />12.0% ]- <br /> <br />6.0% - <br /> <br />4.0% - <br /> <br />2.0% - <br /> <br />0.0% - <br /> <br /> Commercial & Industrial Apartments <br />Residential Homestead Farm Other <br /> · Market Value <br /> [] Tax capacity <br /> <br />The following chart shows the composition of market values. <br /> <br />Total <br /> <br /> Percentages of Market Value by Type (within Cities) <br /> <br /> Taxes Payable in 1997 <br />100.0% <br /> <br />90.0% <br /> <br />80.0% <br /> <br />70.0% <br /> <br />60.0% <br /> <br />50.0% <br /> <br />40.0% <br /> <br />30.0% <br /> <br />20.0% <br /> <br />10.0% <br /> <br /> 0.0% <br /> <br /> Commercial & Industrial <br />Residential Homestead <br /> <br />Farm <br /> <br />[] Statewide <br />· Ramsey <br /> <br />Apartments <br /> <br />Other <br /> <br /> <br />