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<br />VALUES & TAXES
<br />Average Residential values increased 3.831%.
<br />Median value of a home increased from $443,750 to $460,750.
<br />LOCAL TAX SUMMARY
<br />Tax capacity is the preliminary value for 2026 provided by Ramsey County.
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<br />CITY OF GEM LAKE
<br />PROPERTY TAX CHANGES 2024 2024 2025 2025 2026 2026
<br />Preliminary Final Preliminary Final Preliminary Proposed
<br />Levy Levy Levy Levy Levy Levy
<br />GENRAL LEVY 636,188 615,527 650,021 635,000 682,227 630,052
<br />DEBT LEVY:
<br /> GENERAL DEBT LEVY 0 0 0 0 0 0
<br />CAPITAL IMPROV. PLAN BONDS 76,269 76,269 79,711 79,711 75,580 77,763
<br />2015 IMPROVEMENT BONDS 0 0 0 0 0 0
<br />2018 IMPROVEMENT BONDS 5,285 5,285 4,025 4,025 7,790 8,015
<br />TOTAL DEBT LEVY 81,554 81,554 83,736 83,736 83,370 85,778
<br />TOTAL PROPERTY TAX LEVY 717,742 697,081 733,757 718,736 765,597 715,830
<br />LESS: FISCAL DISPARITIES 19,581 23,290 23,290 23,290 21,025 21,025
<br />NET PROPERTY TAXES 698,161 673,791 710,467 695,446 744,572 694,805
<br />% CHANGE 7.21% 6.39% 9.10% 6.79% 17.57% -0.09%
<br />TAX CAPACITY 1,601,998 1,761,615 1,799,843 1,809,157 1,884,274 1,884,274
<br />TAX RATE 43.581% 38.248% 39.474% 38.440% 39.515% 36.874%
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