Agenda - Council - 06/23/1998 - Laserfiche WebLink

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I I I I I Tax Capacities and Rates Tax capacity is considered the actual base available for taxation. It is calculated by applying the state's property classification system to each property's market value. As an example, for residential homestead property, the first $72,000 ($75,000 for taxes collectible in 1998) of market value has a tax capacity of 1.0% and the remaining value has a tax capacity of 2.0% (1.85% for taxes collectible in 1998). Each property classification has a different calculation and uses different rates. Although it is impossible to consider every aspect and variable of local government spending, average tax rates are often used as a benchmark. Rates expressed as a percentage of net tax capacity Average Average City Average County Average School Special Taxing Tax Rate Tax Rate Tax Rate District Tax Rate 1996 1997 1996 1997 1996 1997 1996 1997 All cities statewide 26.4 26.1 36.8 35.7 63.3 60.4 4.9 4.5 City of Ramsey 20.2 20.5 31.0 30.1 62.7 56.7 1.4 1.3 Governmental Expenditure Trends Due to the differences in cities and the services they provide, it is very difficult to compare allocation of service expenditures to individual cities. However, for your information, we have provided a four-year statewide trend which portrays the typical level of expenditures by function for cities over 2,500 in population. Expenditures (excluding debt principal) General government Public safety Streets and highways Sanitation Health Libraries Parks and recreation HRA and economic development Airports and transit Interest and fiscal charges Miscellaneous expenditures Capital outlay Total expenditures 1993 1994 1995 1996 11.3% 11.0% 11.4% 11.9% 23.3 23.4 22.7 23.9 21.9 23.9 23.8 23.6 1.6 0.5 0.4 0.4 1.0 1.0 1.2 1.0 2.0 2.4 2.2 2.1 8.5 9.1 9.6 9.6 12.5 10.5 13.5 12.8 0.4 0.8 1.0 1.0 8.7 8.6 7.3 7.1 3.9 4.1 2.6 1.8 4.9 4.7 4.3 4.8 100.0% 100.0% 100.0% 100.0% -5-