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FACTORS OF PROPERTY TAX SYSTEM <br />Ramsey County Assessor determines market values. <br />Property class rates are established by the State of <br />Minnesota. <br />Class rates applied to market value establishes tax capacity. <br />City establishes property tax levy. <br />Tax levy is divided by tax capacity value to determine the <br />tax rate. <br />Tax rate multiplied by individual tax capacity determines <br />amount of property taxes paid.