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The following table summarizes the estimated tax impact on residential homes, based on the <br />proposed 2003 tax levy and budget, estimates provided by Ramsey County, and assumine no <br />increase in proUertv valuation. <br />* Note: Property valuations are determined by the Ramsey County Assessor's Office <br />The following table summarizes the estimated tax impact on residential homes, based on the <br />proposed 2003 tax levy and budget, estimates provided by Ramsey County, and assumin� a 10% <br />increase in Qroperty valuation. <br />* Original value shown. 2003 Impact reflects a 10% valuation increase. <br />The following table sumrnarizes the estimated tax impact on commercial property, based on the <br />proposed 2003 tax levy and budget, estimates provided by Ramsey County, and assumin� no <br />increase in property valuation. <br />Council Action Requested <br />Action # L Motion approving the Resolution to adopt the 2003 Tax Levy. <br />Action #2: Motion approving the Resolution to adopt the 2003 Budget <br />Action #3: Motion approving the Resolution to adjust the 2003 Debt Levy. <br />- Or - <br />Motion to revise the 2003 Tax Levy and Budget and applicable resolutions <br />