HomeMy WebLinkAbout2014 12-27 Higher home values mean higher taxes in Maplewood MAPLEWOOD REVIEWHigher home values
dmean higher taxes
in Maplewood.
Erin Hinrichs Largest city-wide jump
Review staff in market values,
Tax statements from
While the' council voted Ramsey County show the
to approve the proposed appraised value of single -
2015 budget and tax levy family; homes in Maple -
on Dec. 8, a handful of wood has increased 19.3
regular attendees took to percent over last year, the
the flog to express their highest city -averaged gain.
personal grievances against The "Greater East Side,"
the council -- some on the area between I rpen-
topic, others far from it. tour and Minnehaha ave -
"I think that the lesson nues from north to south
learnedfrom this experi- and English Street/Jahn-
ence is that we,' at the city, son parkway. and McK-
should do a better job of night Road saw a median
publicizing and promoting home 'value increase of
that we are having a public 26 percent ($98,6010 to
hearing oil the tax levy and $124,600),
the budgets," Mayor Nora . Countywide, the average
Slawik said. market -value increase was
Though the city's prop- 10.7 percent.
erty-tax levy increased 2.5 According to the Ram sey
percent in 2015, Maple- County Assessor's Office,
wood residents will see a the median single-family'
much bigger jump iai their residential property, "value
overall taxes due to a signif- in Maplewood peaked in
cant uptick in the market 2007 at $23:3,600. During
value of thein homes.
see Taxes on page 2
Ramsey ounty fiends in Median
Above, the change In the median Monte price county -aide over the past several yea
'-taxes/Manp*p[ewood average property,
continued from page 1 and $22,32 will go toward the police depart-
ment.
the Great Recession, the value of that .same According to Gayle Bauman, the city's
home bottomed out at $157,000 in 2013. finance manager, the council was able to
The market value jump in 2015 signifies reduce an earlier proposed levy increase of
the beginning of an upswing. 3.4 percent to 2.5 percent by offering city
In 2015,.the owner of a single-family employees an early retirement incentive. Six
home valued at $187,300 will pay $789 employees (from the police, environment
in city taxes. A monthly bill breakdown and economic, and finance departments)
shows that $1.2.60 will cover debt services took advantage of this offer, saving the city
slue gain,is' highest in county
approximately $190,000, which helped off= this amount, $500,000 will help fund the
set budgetary needs in 2015. community center. Capital improvements,
With the city bringing in more revenue including street projects, replacing police
from higher single-family home property equipment, and economic developnnent
taxes, Bauman took a few .minutes to efforts, total $734,270.
explain what public services the city would Bauman also reviewed the Homestead
use this money to fund. W Market 'Value Exclusion program, which
The city's operations tax levy, which offers qualified residents a property -tax
funds staff salaries and other operational
expenses, totals about 13.5 million. Of see Values on page 3
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relief
to ,ell) offset the tnfl
ence of t e ovorin ,rra
'arket f �" e, ` � North t � 1t�' me,dlaw”
values- r eniors� aa�d disabled t� � tO nt e p
r
residents xxia also 'qualify ner y d��e ea r " r 1
foto special P operty taxi r�r►��e1"►►11 rrce�
refunds or tax deferrals..
r
Commercial value
miff ;gnant /r,3;r`„ f / yl�ijlf/ ►%
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Maplewood's commer
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ctal properties on�i other
,
hand, aren't rebounding as r/ 1J
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quickl following
quickly, � � tr �+i�1
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�g �,M .�" real
�p�r }.q� mar-
Overall,
�b�t pf y
16.LA,y+'q .o;-p"y,Rt^yh}�gy Ab 1./al 6stfite Ab,1i+F.M,
�t in F*�GJ1✓'k..�. 6 / / /r r // f ��'� � l � R � % 1 pl %i r/
it r
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I vera1,1, the assessed value
'� M
of the city $ commercial
p+oPcth" es increased justf/
percent �"s up✓Qtin,,"et
Cowen, honeowners
willm �hotldering
l
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more
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the Md.. Ju
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Mayor lawxk said she
I r / /F rrj/ r % r p I /i / � � i r ��wJ(I r %r .rr rF / N rI ✓ ri / y 0 / / r / r
* ',
had received a number
r
of phone calls from rest
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r 1
"ti rfrr�V/1rVGirr r�� f��r r/ / lar`sp i/y� r
v
dents duin�f the week cite
y����+�j/'yr son',
�} pp.�.�.y �'y�y' J�,�.�y �j"'�+5.�'
of tired son ' ers c WI M V ' W dAA
dbygJin✓mrn4�nyprcJd?lmnrr�q-1flA/Og2 GA,,,1J{/i12r11y�Y/A<r"%'�DrINX/V19106�/r/i.,�r!rr/V rr {�,.,✓/Wi/f6rr1a6;r/�� ir,�ri ,�r�6/r/ci,r/iron,i�i,
the situation at the ane ting
"1'tra concenced abort the ';value, and dropped to a low 2015 ,budget report, the
percentage that"it-went tip; of$744,9 1 in 2013, council has identified eco -
because it was a double digit RaitntatY; explained that , nomic development at a: tap
increase," she said, aclen.owl- co ixterclal properties ltd priority; Plans include rede-
edging the fact that this is' a ,been, paying a greater, J)Pr- r- vp opment efforts in lad -
strain oft those with fixed tion of the taxes for the past stone and areas along Cen-
incaxites. "'Me , orad news is few yearn so this simply sig- tu,ry Avenue. ;�6yot $lawik
the valuatioxi on our homes niftes a, "shift -beck to resi- also listed parr expansion,
also event up, so we can dential.'' The shift extends code p tforcemerit, road
sell our hours for a higher, well beyond Niapko rood, repairs and an improved
price." throughout Ramsey County web presence as focits areas.
1A)oki rgtrack, cotmxter ial as overall housing m4rket
property values peaked in values increased by 10 per- Erin Hinrichs can he
2008, at $958,950, one'yew cent but commercial values reached at ehirtrichs6lil-
fter median single-family recovered a little 'over half a lienews:crom or 4zt`651-748-
Properties lift their peak percent. 7814„ Follow her at tttaittei.
As,identified in the ,city's ca ,r Hinrich NE'C�1`