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County proposes 2.73% levy increase

Submitted by admin on Wed, 09/23/2015 - 10:09am
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The McLeod County Board  on Tuesday set a preliminary tax increase of 2.73 percent for 2016, which will generate about another $500,000 in revenue.
However, said Auditor-Treasurer Cindy Schultz, the overall tax rate is declining by about a quarter of a percent, because of increases in property values.
The net result, Schultz said, is that most property will not see an increase in their tax bills, despite the increased levy.
“If your property values stayed the same, your taxes will stay the same or go down slightly,” said Schultz. However, those whose property values increased may see an increase in the county portion of their property taxes.
Schultz also pointed out that the final levy will not be set until late December. At that time, the County Board can approve a property tax increase less than 2.73 percent, but not over that percentage.
Commissioner Sheldon Nies said that the additional $500,000 generated by the proposed increase will help finance items that may not otherwise be in the budget, such as extending the parking lot at the Health and Human Services building, or developing additional office space for Human Services and Public Health staff.

For more, see the Sept. 23 print edition of The Chronicle.