I agree with everything Saddina said about raccoons.
Their populations are thriving due to development. And it's illegal to release them, puts the animal at a disadvantage, and puts other animals at risk. And it's very inconsiderate to bring another raccoon near anyone else's property. It can pose a risk to their poultry and other small animals, and can bring destruction to their other property such as garbage cans, fruit tree, veg gardens, etc. They can travel for miles so releasing them a few blocks away wastes everyone's time including the raccoon's.
Contact your local animal control to see what their policy is on trapped raccoons. They may euthanize it painlessly, which may be your best option, as opposed to shooting, drowning, killed by dogs, or being road kill. Or there may be a wildlife rescue facility that would like another raccoon.
To me, in terms of their numbers and the destruction they bring, urban & suburban raccoons are like masked rats with ringed tails. I don't hate raccoons, but also don't grieve the loss of a few troublesome individuals.