September 12, 2016 at 7:55 PM - 2016-17 Property Tax Request Hearing

Agenda

Agenda

1. Call 2016-17 Property Tax Request Hearing to Order and Roll Call - Open Meeting Law

Agenda Item Type: Procedural Item

2. Excuse Absent Board Members

Agenda Item Type: Action Item

3. Approval of Agenda

Agenda Item Type: Action Item

4. Hear support, opposition, criticism, suggestions or observations of taxpayers relating to setting the final tax request at a different amount than the prior year tax request.

Agenda Item Type: Action Item

Rationale:

2015-16 total taxable valuation was $621,362,235. The 2016-17 total taxable valuation is certified as $672,634,115. This represents a 8.25% increase in total taxable valuation or an increase of $51,271,880.

Total Property Tax Request in 2015-16 was $5,589,570. Total Property Tax Request for 2016-17 is proposed to be $5,822,621. This represents a 4.17% increase in the amount requested or an increase of $233,051.

Total Property Tax Request for the General Fund in 2015-16 was $5,231,086. Total Property Tax Request for the General Fund in 2016-17 is proposed to be $5,559,406. This represents a 6.27% increase in the amount requested or an increase of $328,320.

Total Levy Rate for 2015-16 was $0.90. Total Proposed Levy Rate for 2016-17 is $0.865645. This represents a 3.97% decrease in the Total Levy Rate. (The Total Levy Rate includes taxes levied in the General Fund, Special Building Fund, & Qualified Capital Purpose Undertaking Fund. The Bond Fund was retired at the end of the 2015-16 budget cycle for the purpose of levying taxes, as the bond on the elementary has been paid off. However, the Bond Fund will be maintained for the purpose of collecting tax proceeds that continue to trickle in to the fund.)

Attachments: (2)

Final Tax Request Notice

9/9/2016 at 1:11 PM
Tax Request Resolution 16-17

9/9/2016 at 1:08 PM

5. Adjournment

Agenda Item Type: Action Item

Action(s):

Motion Passed:

adjourn at 8:02 p.m. Passed with a motion by Larry Behrendt and a second by Tara Schirmer.

No Action(s) have been added to this Agenda Item.

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