Property taxes


The City Council adopted the 2014 property tax levy and operating budget on December 3, 2013.  The 2014 proposed tax levy for all purposes is $12,699,130 or a 3.7% increase over the 2013 levy of $12,241,250.  The proposed levy includes $11,265,030 for General Fund operations, $108,100 for EDA, $500,000 for the Public Safety/City Hall project interfund loan and $826,000 in required debt levies for City backed bonds.


This is the first increase in the tax levy in five years.  However the tax levy increase, combined with a 5.8% tax base increase result in a tax rate of 43.73% compared to the 2013 tax rate of 45.01%.   The impact of this rate change on individual City properties will depend on a variety of factors.



Click here for a brief Minnesota Public Radio video that was produced to help you understand your property tax bill.

Share this post

Submit to DeliciousSubmit to DiggSubmit to FacebookSubmit to Google BookmarksSubmit to StumbleuponSubmit to TechnoratiSubmit to TwitterSubmit to LinkedIn