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CITY OF GEM LAKE
<br />PROPERTY TAX CHANGES
<br />2022
<br />2023
<br />2024
<br />2025
<br />Final
<br />Final
<br />Final
<br />Final
<br />Levy
<br />Levy
<br />Levy
<br />Levy
<br />GENRAL LEVY
<br />470,928
<br />568,897
<br />615,527
<br />635,000
<br />DEBT LEVY:
<br />GENERAL DEBT LEVY
<br />0
<br />0
<br />0
<br />0
<br />CAPITAL IMPROV. PLAN BONDS
<br />79,477
<br />75,940
<br />76,269
<br />79,711
<br />2015IMPROVEMENT BONDS
<br />0
<br />0
<br />0
<br />0
<br />2018IMPROVEMENT BONDS
<br />7,805
<br />6,384
<br />5,285
<br />4,025
<br />TOTAL DEBT LEVY
<br />87,282
<br />82,324
<br />81,554
<br />83,736
<br />TOTAL PROPERTY TAX LEVY
<br />558,210
<br />651,221
<br />697,081
<br />718,736
<br />LESS: FISCAL DISPARITIES
<br />13,231
<br />17,894
<br />19,581
<br />23,290
<br />NET PROPERTY TAXES
<br />544,979
<br />633,327
<br />677,500
<br />695,446
<br />% CHANGE
<br />-0.23%
<br />16.21%
<br />6.97%
<br />-0.39%
<br />TAX CAPACITY
<br />1,426,695
<br />1,601,998
<br />1,761,615
<br />1,809,157
<br />TAX RATE
<br />38.199%
<br />39.534%
<br />38.459%
<br />38.440%
<br />MEDIAN VALUE HOME
<br />352,000
<br />395,800
<br />429,600
<br />443,750
<br />TAXABLE MEDIAN VALUE HOME
<br />327,160
<br />367,018
<br />397,776
<br />437,138
<br />TAXABLE TAX CAPACITY
<br />3,272
<br />3,670
<br />3,978
<br />4,371
<br />CITY TAXES
<br />$1,249.71
<br />$1,450.95
<br />$1,529.81
<br />$1,680.37
<br />59
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