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Property Tax in Minnesota cont. <br />•How property taxes are calculated: <br />*Estimated Market Value $346,900 <br />Less homestead exclusion ($6,000) <br />Taxable Market Value $340,900 <br />Property ’s Class Rate X 1% <br />Tax Capacity $3,409 <br />**Estimated City Tax Rate 25.431% <br />Estimated Pay 2019 City Taxes $866.93 <br />*Estimated Market Value is for a Median Valued Home in Arden Hills <br />**Estimated City Tax Rate is based on the 4% Increase in Levy <br />•Projected changes in 2019: <br />•Median Value home increasing to $346,900 from $333,800 (3.9% increase) <br />•County wide increase of 7.4% <br />•Apartments are seeing the largest gains