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CITY OF GEM LAKE <br />Heritage Hall <br />4200 Otter Lake Road I Gem Lake, MN .55110 <br />{ 65.1-747-279.0/92 f 65:.1-747-2795 (fax) <br />E=mail city.c ;gern:laketnn.org <br />These changes result in the City proposed preliminary tax levy of $717,74.2.00 fo.r 2024. This compares <br />to 2023 preliminary levy of $669,.115.00 and 2023 final levy of $651..221.00.. [king a. 2024 property tax <br />levy of $7.17,742.00 and the City's 2024 tax capacity.($1,761.;612:00) and median valued home <br />($429,b00.00) for Gem lake;. that median Valued home; would pay City property taxes of $1,576.46 in <br />202..4 compared to. 202') preliminary levy of $.1,491.05 (an increase of $84.51) and the 2023 final levy <br />amount of $1,45.0.95 (an increase of $125.51). <br />Again, as:.the City prepares it final 2024 budget the property tax levy can be lowered from the, preliminary <br />levy but not: increased abase the preliminary levy. <br />The action requested tonight is for the City Council to addpt.the resolution adopting the 2024 preliminary <br />property t4x levy. of$7171742.00. <br />Look for us on the World Wide Web at gemlak6nn:org <br />