Mendota Heights City Council Approves Fiscal Year 2022 Budget And Tax Levy

Mendota Heights MN

11 December, 2021

9:47 PM

Description

Press release from the City of Mendota Heights: December 10, 2021 At its meeting on December 7, 2021, the City Council passed the 2022 fiscal year budget and tax levy. A tax levy is the amount of money that public agencies raise through taxes in order to fund the budget. The number of properties within a taxable district will influence how much each property has to contribute. Many different projects affect how the budget changes. Some things increase in cost, some things decrease. Additional details about what projects are in the budget can be found HERE. The Mendota Heights city levy for 2022 will increase 6.79%. The process of developing the annual budget takes several months and includes many conversations with the City Council, staff, and residents. In August, the City Council held three budget work sessions to discuss the proposed 2022 budget. It considered priorities for expenditures, and then balanced those needs with revenues which would be available to fund that for the upcoming year. A preliminary budget was proposed in September which the County used to send out parcel specific tax statements in November. The final budget approved by the City Council was $74,465 less than the original preliminary budget reflected on resident's property tax statements from Dakota County. The City is just one of several agencies who can affect a person's tax bill each year. Property taxes are based on the assessed value of a property as set by the County assessor's office each year. Overall, the value of residential properties in Mendota Heights increased by an average of 3.75% between 2021 and 2022. Accounting for the change in valuation of the average home in Mendota Heights, the proposed 6.79% levy increase will increase the city portion of property taxes on an average value house ($438,000) from $1,640.55 in 2021, to $1,766.89 in 2022. This press release was produced by the City of Mendota Heights. The views expressed here are the author's own.