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12, Revenue and:other expenditure line items adjusted based on past history. r <br />'These changes result in. the Cityproposed preliminary tax levy of $538,308:06-for-20-21. This <br />-ewnpares to 2020 preliminary 1py of*$577,77.3,0.0 and 2020'final levy of $530,798,00; Using a. <br />.2021 property tax. levy of $538,308-,00 and the City's.2021 tax capacity ($1,4.38,923.00) and;median <br />valued -.home ($335,$50.00).. for Gem take, that ined. Nialued home, that property would pay2021. <br />City property taxes af$1.,1.36.94 compared to 2020 preliminary levy of $1,429.00 (a decrease of <br />$2.92.06)'and the 2020 final levy amount of $1,195,26.(a decrease. of $59.32). <br />Again, as the City:prepares it final 2021 budget the property tax levy can be lowered from the <br />preliminary levy but not increased above the preliminary levy. So tonight:, the.City-Council is <br />requested to pass a resolution adopting the 202.1. preliminary property tax. levy of$538,368.00. <br />Look for m an: the World. Wide Web at gem iakemn.o.rg <br />