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05-24-21-R
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05-24-21-R
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<br />-6- <br />Tax capacity is considered the actual base available for taxation. It is calculated by applying the state’s <br />property classification system to each property’s market value. Each property classification, such as <br />commercial or residential, has a different calculation and uses different rates. Consequently, a city’s total <br />tax capacity will change at a different rate than its total market value, as tax capacity is affected by the <br />proportion of its tax base that is in each property classification from year-to-year, as well as legislative <br />changes to tax rates. The City’s tax capacity increased 4.3 percent for taxes payable in 2019, and <br />increased 6.9 percent for taxes payable in 2020. <br /> <br />The following graph shows the City’s change in tax capacities over the past 10 years: <br />$– <br /> $2,000,000 <br /> $4,000,000 <br /> $6,000,000 <br /> $8,000,000 <br /> $10,000,000 <br /> $12,000,000 <br /> $14,000,000 <br /> $16,000,000 <br /> $18,000,000 <br /> $20,000,000 <br />2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 <br />Local Tax Capacity <br /> The following table presents the average tax rates applied to city residents for each of the last three levy <br />years: <br /> <br />2018 2019 2020 <br />Average tax rate <br />City 25.5 25.5 25.4 <br />County 54.0 52.9 52.3 <br />School 28.5 26.3 25.0 <br />Special taxing 8.2 8.3 8.2 <br />Total 116.2 113.0 110.9 <br />Rates Expressed as a Percentage of Net Tax Capacity <br />City of Arden Hills <br /> <br /> <br />As presented in the table above, the city portion of the average tax rate has remained consistent with prior <br />years. A slight decrease in the county and school portions contributed to the overall decrease in the <br />average tax rate. <br />
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