News Flash

Home

Posted on: August 29, 2018

2019 Truth In Taxation Public Input Meeting

Before setting the actual levy, the council must estimate the expected city expenditures during the next calendar year.  This is done through the preparation of the city budget.  After taking into consideration all anticipated non-property tax revenues, including various state aids, the city subtracts the anticipated expenditures, resulting in a substantial amount of money the city will need to raise through the property tax levy to provide city services.

The City's net tax capacity value is used to calculate the city's tax rate.  As taxable market values increase, the net tax capacity increases, which then lowers the city tax rate.

The city tax rate is calculated based on the total levy (amount needed to cover city services) divided by the city's net tax capacity.

City Levy Web Page
Facebook Twitter Google Plus Email

Other News in Home

Vacancy Flyer 2018

Parks Advisory Committee Opening

Posted on: October 29, 2018
Farmers Market Flyer 2

Big Lake Winter Farmers Market

Posted on: September 27, 2018
2018 Holiday Lighting Contest Flyer

Holiday Lighting Contest

Posted on: November 1, 2018
Legacy Tree Lighting

Legacy Tree Lighting Ceremony

Posted on: November 9, 2018
Miss-Robotics-R3-Big-Lake

Miss Robotics

Posted on: October 29, 2018
Legacy Six Appeal Concert

Six Appeal Concert

Posted on: November 9, 2018
Police Officers Smiling for Photo

Big Lake Community Room

Posted on: November 22, 2016