Roseville’s annual round of budget discussions has produced a final adopted city budget of $54,239,230 for 2018. The budget passed on a 4-0 vote at the City Council’s final meeting of the year on December 11.
The 2018 property tax levy approved by the council is $20,680,505. It is an increase of $1,167,445 or 5.98 percent compared to the 2017 levy. However, due to the overall growth of the city’s tax base and a shift in the tax burden toward commercial properties, the portion of the increase realized by homeowners will be less than previous years.
The impact on residents will vary depending on a property’s value and change in value relative to other properties in the city. Based on an expected property value increases, the median-valued Roseville home of $236,900 can expect to pay approximately $77.79 per month in 2018, an increase of $1.83 or 2.4 percent.
The city’s share of total residential property taxes in 2017 were 27 cents out of every tax dollar paid for Roseville School District homes and 26 cents out of every tax dollar paid for homes located in the Mounds View School District. The city expects those figures to be somewhat lower in 2018. The remaining portion of a property owner’s tax bill goes to the county, school districts and other taxing districts.
For more on the City’s budget process please visit www.cityofroseville.com/budgetinformation.