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a 2018 property tax levy of $514,021.00 and the City's 2018 tax capacity ($1,12$;g08.00) and <br />median valued home ($262;850.00) for Gem lake, that median valued home, that property would pay <br />201:8 City property taxes of $1,090.44. compared to 2017 preliminary levy of $1,061.1.8 (an increase <br />of $38.26) and the 2017 final levy amount: of $040:77 (an increase of,$158.37). <br />Again, as the City prepares it final 2018.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 20.18 preliminary property tax: levy of $514,021.00,. <br />Look for us on the World Wide Web at goin la Imm n. o rg <br />