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Page 2 of 6 <br /> <br /> <br />City Preliminary Levy Increase <br />Arden Hills 4.00% <br />Little Canada 7.00% <br />New Brighton 9.60% <br />Vadnais Heights 3.40% <br />Shoreview 4.90% <br />Mounds View 8.20% <br />White Bear Lake Township 18.20% <br />Falcon Heights 24.00% <br />North Oaks 7.90% <br /> <br /> <br />Residential Property Values <br /> <br />For 2018, Ramsey County is predicting that the price of a median valued home in Arden Hills <br />will be increasing from $308,200 in 2017 to $333,800 in 2018, or an increase of 8.3% (we saw a <br />2.0% increase in the previous year). Overall, Ramsey County is predicting a 6.3% increase in <br />median home values, with residential facing a moderate increase and commercial, industrial and <br />apartments experiencing the largest gains. It is also worth noting that the estimated market value <br />of homes are now above the 2008 peak. <br /> <br />Tax Impact and History <br /> <br />With a 4% preliminary tax levy increase, residents will see a decrease in the city portion of their <br />tax rate from 27% in 2017 down to 25% in 2018. The decrease is largely due to the 10% <br />increase in fiscal disparities the City receives from the County and an increase in home values. <br />The below tables show the effect of the levy increase and an example of the effect on a median <br />valued home. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />