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12. Revenue and other expenditure line items adjusted based on pasthistory.. <br />These changes result in the City propased.preliminary tax levy of $538;30$.00 for-2021. This <br />773.00 and- 2020: f nal levy of $530,798,00, Using a <br />compares to 2420 preliminary levy of $577, 9 3.00:.and median <br />2021 property tax levy of $538,30$:00 and the City's'2021 tax sagacity ($1,438; <br />valued home ($335,850.00).for Gem Iake,'that median valued home, that property would pay 2021. <br />City property taxes of $1336.94. compared to 2020lpreliminary levy of $�1,429.06 (a decrease of <br />$292,00) and the 2020 final levy amount of.$1,195.26 (a decrew:of 09.32). <br />Again, as the:City.prepares it final 202I budget:the piioperty-tfax levy -can bg1owereii from the' <br />preliminary levy but not increased above the prelihiinaty levy So tonight, the Citq Council is <br />requested to:pass.a.resolution adopting the 2021 preTunin y property Levy of $53$>308.00. <br />Look for us on the.World Wide Web at geinlakeinn.org. <br />