My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
12-11-23-R
ArdenHills
>
Administration
>
City Council
>
City Council Packets
>
2020-2029
>
2023
>
12-11-23-R
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/23/2024 1:34:29 PM
Creation date
1/23/2024 1:31:53 PM
Metadata
Fields
Template:
General
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
354
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br /> <br /> <br />Tax Capacity 2022 2023 2024 <br />Real Estate/Personal Property 18,697,839 21,115,870 23,297,015 <br />Tax Increment Districts (367,689) 0 0 <br />Sub‐Total 18,330,150 21,115,870 23,297,015 <br />Fiscal Disparities: <br />Contribution (2,932,378) (2,778,653) (3,037,636) <br />Distribution 1,536,822 1,448,626 1,488,373 <br />Total Tax Capacity 16,934,594 19,785,843 21,747,752 <br />Percent Change ‐0.6% 16.8% 9.9% <br /> <br />Market Value based rate <br />Market Value based rates are calculated by dividing the levy by the taxable market value of all <br />properties within the city. Taxable market value is calculated by taking the market value of all <br />properties less exclusions and limitations as set by the State Legislature. <br /> <br /> Market Value Determination <br />The county Assessor determines the market value of properties through assessment, the use of <br />actual sales data, and economic trends. The taxes that are collected in 2024 are based on the <br />assessment of market values for 2023, which are certified to the County Assessor on January 2, <br />2023 and relate to sales and data information from 2022. All assessments are subject to review <br />by the Minnesota Department of Revenue. The State requires that property values be within <br />90% to 105% of actual sales overall. <br /> <br />Truth‐In‐Taxation Public Hearing <br />Each year in late November or early December, Statutes require all counties, school districts, <br />and cities with a population over 2,500 to hold a public hearing to discuss the proposed budget <br />and property tax levies. As part of this process, each property is sent by the county a Truth‐In‐ <br />Taxation notice which shows the impacts of the proposed levies on their individual property. <br />The public hearing is set as a forum for citizens to come and discuss their views on the <br />proposed budget and property tax levies with the public officials of each jurisdiction. The City <br />held the Truth‐In‐Taxation Public Hearing on Monday, December 11, 2023. <br /> <br /> <br />14
The URL can be used to link to this page
Your browser does not support the video tag.