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LOCAL TAX SUMMARY
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<br /> Tax capacity is the preliminary value for 2025 provided by Ramsey County.
<br />CITY OF GEM LAKE
<br />PROPERTY TAX CHANGES 2023 2023 2024 2024 2025 2025
<br />Preliminary Final Preliminary Final Preliminary Proposed
<br />Levy Levy Levy Levy Levy Levy
<br />GENRAL LEVY 584,697 568,897 636,188 615,527 650,021 635,000
<br />DEBT LEVY:
<br /> GENERAL DEBT LEVY 0 0 0 0 0 0
<br />CAPITAL IMPROV. PLAN BONDS 77,873 75,940 76,269 76,269 79,711 79,711
<br />2015 IMPROVEMENT BONDS 0 0 0 0 0 0
<br />2018 IMPROVEMENT BONDS 6,545 6,384 5,285 5,285 4,025 4,025
<br />TOTAL DEBT LEVY 84,418 82,324 81,554 81,554 83,736 83,736
<br />TOTAL PROPERTY TAX LEVY 669,115 651,221 717,742 697,081 733,757 718,736
<br />LESS: FISCAL DISPARITIES 17,894 17,894 19,581 19,581 23,290 23,290
<br />NET PROPERTY TAXES 651,221 633,327 698,161 677,500 710,467 695,446
<br />% CHANGE 9.48% 16.21% 7.21% 6.97% 1.76% -0.39%
<br />TAX CAPACITY 1,601,998 1,601,998 1,601,998 1,761,615 1,799,843 1,809,157
<br />TAX RATE 40.651% 39.534% 43.581% 38.459% 39.474% 38.440%
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