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CITY OF GEM LAKE <br />Heritage Hall <br />4200 Otter Lake Road | Gem Lake, MN 55110 <br />651-747-2790/92 | 651-747-2795 (fax) <br />E-mail city@gemlakemn.org <br /> <br />Look for us on the World Wide Web at gemlakemn.org <br />$715,830.00 and the City’s 2026 tax capacity ($1,884,274.00) and median valued home <br />($460,750.00) for Gem lake, that median valued home, would pay City property taxes of <br />$1,680.22 in 2026 compared to 2026 preliminary levy of $1,806.40 (an decrease of $126.18) and <br />the 2025 final levy amount of $1,680.37 (a decrease of $0.15 even with a market value increase <br />of $18,530). <br /> <br />The action requested tonight is for the City Council to adopt the resolution adopting the 2026 <br />final property tax levy of $715,830.00. <br /> <br />