Senior Citizen Property Tax Freeze Credit 2025 Rate Information

Example of Credit on 2025 Tax Bill

See below for an example of how Senior Property Tax Freeze Credit looks on your 2025 bill:

Property Tax Freeze Credit on a $100k Residence

Example calculated using the 2025 tax rate:

1. Value and taxes before the tax freeze
   • Market Value = $100,000
   • Assessed Value = 19,000
   • Total Taxes = $1,555
   • City Tax Portion = $276
2. Assume 12% increase in value due to reassessment
   • Market Value = $112,000
   • Assessed Value after reassessment = 21,280
   • New Total tax amount w/out freeze = $1,742
   • City Tax portion = $309
   • Amount of Credit due to property tax freeze = $33
     • City taxes frozen at previous year's amount of $276
     • $309 - $276 = $33
     • Freeze credit applies to City taxes only. Does not include Schools, Library, MSD, Zoo & Museum, etc.
3. New Total Tax bill = ($1,742 - $33) = $1,709

For the 2025 reassessment, a $100,000 property whose value increased by 12% would have been credited approximately $33.

In the above example, the total tax went up less than it would have if the Senior Property Tax Freeze was not in place.

• Without freeze, taxes increase $187
• With freeze in place, taxes increase $154
• Taxes saved by the freeze, $33.