That was so much fun to write that! Having been bombarded by news of property tax hikes across the Twin Cities metro, I saw this headline and had to share it. A City Council that understands and worked hard to get it right. Congratulations. If you live in Rosemount, you should call your City Council and Thank them for their hard work. Their hard work has made many twin city residents envious of Rosemount residents, but it also shows that it CAN be done.
The approved preliminary levy reduced the levy over 2011 by 5.75 percent. This is the fourth year in a row the cityâ€™s share of taxes has decreased. Over the four-year period the property tax on a median value home has decreased $204. A median value home in Rosemount is worth $201,600.
The city council voted to decrease the tax levy by $630,325. Most of that is because of the repeals of the market value homestead credit. The city saved additional money when it got its insurance rate for 2012. The council had planned on a 20 percent increase, but the number came back at a 5 percent increase.
Read Full Article here.
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