Laserfiche WebLink
<br />City Council Regular Meeting - 12/06/04 <br />Minutes - Page 2 <br /> <br />Mr. Miller noted that the 2005 proposed Levy was $10,761,015, <br />at an increase of $1,000,341 or 10.3%, with factors attributable <br />to the Levy increase of loss of State-aid, inflation, vehicle and <br />equipment replacement, and miscellaneous factors. <br /> <br />Mr. Miller reviewed tax increases for various property valuations <br />at approximately, noting an average of 4.7% for those properties <br />not experiencing property valuation increases; as well as those <br />experiencing ten percent increase in property valuation, with an <br />estimated percentage of increased taxes at 15.1 %. Mr. Miller <br />summarized the ramifications of phase-out of limited market <br />value that state law had been imposed; noting that it was not <br />unique to the City of Roseville. <br /> <br />Councilmember Maschka questioned Mr. Miller as to whether <br />this increase was primarily due to a shift in tax calculations and <br />valuations from commercial to residential properties. <br /> <br />Mr. Miller responded affirmatively; also noting that recent <br />changes in legislation on a state level had created recalculations <br />in tax rates, with a one to two year lag in commercial property <br />valuations, which was compounding ramifications for residential <br />property owners. <br /> <br />Mr. Miller reviewed the seven year cumulative percentage tax <br />levy increase (from 1999 through 2005) for the City of Roseville <br />in comparison to local inflation rates, adjusted for lost state aid, <br />and with the addition of debt service coming on line in 2004 for <br />the city campus construction bond referendum. <br /> <br />Mr. Miller concluded his presentation by providing a comparison <br />of Roseville City taxes with 12 other metro-area cities with <br />populations between 25,000 and 45,000, based on a home <br />valuation of $175,000. Mr. Miller noted that even with a ten <br />percent levy increase, Roseville would still rank lowest; and with <br />the addition of the Roseville Housing and Redevelopment <br />Authority (HRA) Levy, it would increase the taxes by <br />approximately $10, for the same average valued home. <br /> <br />Councilmember Kough questioned the City's vehicle and <br />