News Flash


Posted on: August 29, 2018

2019 Truth In Taxation Public Input Meeting

Before setting the actual levy, the council must estimate the expected city expenditures during the next calendar year.  This is done through the preparation of the city budget.  After taking into consideration all anticipated non-property tax revenues, including various state aids, the city subtracts the anticipated expenditures, resulting in a substantial amount of money the city will need to raise through the property tax levy to provide city services.

The City's net tax capacity value is used to calculate the city's tax rate.  As taxable market values increase, the net tax capacity increases, which then lowers the city tax rate.

The city tax rate is calculated based on the total levy (amount needed to cover city services) divided by the city's net tax capacity.

City Levy Web Page
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