|Shoreview is financially sound with a strong
and growing tax base of high-quality residential
and commercial development.
The Finance Department prepares and publishes the following reports and resources. We hope this information helps to explain how the City puts your tax dollars to work in our community.
BudgetCity budgets are prepared and adopted on biennial basis during even-numbered years.
- 2018 Budget Summary
- 2018-2019 Biennial Budget/2018-2023 Capital Improvement Plan
- 2018 Shoreview Property Tax Dollar
Financial ReportA general overview of the City's finances.
Comprehensive Infrastructure PlanThe City has received national recognition for this planning tool. It identifies current and future resources needed to maintain quality facilities for our citizens. It does not authorize any of the projects included in the plan.
Long-term financial planning efforts are important steps in protecting the financial flexibility and health of the City.
Utility RatesAn overview of Shoreview’s utility systems and utility rates describing what it takes to run the City’s utility operations.
Community BenchmarksShoreview ranks 5th lowest in property taxes and is about 21% below the average City tax bill of $1,068. View a complete comparison of 28 other metro-area cities, using population to select 14 cities larger and 14 cities smaller.
These reports and resources can be viewed on our website, at the Shoreview City Hall front desk, or at the Shoreview Library, 4560 Victoria Street North.
Property Tax Information
Property taxes are paid to Ramsey County and redistributed to the City, and other government jurisdictions, such as school districts and the county. The Ramsey County Assessor’s Office is responsible for establishing the market value and determining classification (use) of property located within the city. The Process to Appeal Estimated Market Value is found on Ramsey County's website.
The Minnesota Center of Fiscal Excellence (MCFE) provides an educational guide, "Understanding Your Property Tax Changes.
Homestead Credit Refund information is found on the Minnesota Department of Revenue website.
Independent bond-rating agency Standard and Poor’s affirmed their high bond rating for the City. We are one of 22 communities in Minnesota with a stable outlook and an AAA rating. The bond rating helps to ensure Shoreview debt will be issued with the lowest possible interest rate and cost to our taxpayers.
The City has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA). This award is the highest form of recognition in the area of governmental accounting and financial reporting.