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Adoption of 2020 Certified Dakota County Maximum Proposed Property Tax Levy September 24, 2019.

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Presentation on theme: "Adoption of 2020 Certified Dakota County Maximum Proposed Property Tax Levy September 24, 2019."— Presentation transcript:

1 Adoption of 2020 Certified Dakota County Maximum Proposed Property Tax Levy
September 24, 2019

2 Recommendation for 2020 Levies
Dakota County – Links to multi-year levy strategy DC Regional Rail Authority – Fund Transit Office Only Dakota County CDA – Maximum potential levy Vermillion Watershed

3 What can be funded at 2.9% - All current level cost growth after internal reallocations - Funding for some new requests (consistent with prior years) - Cahill Place operational funding - Continue existing initiatives and select pilot programs - Increased funding for on-going building CIP maintenance needs If the remaining Regional Rail levy were eliminated entirely in 2019, the growth in combined County/RR levy would be reduced to 3.4%.

4 2020 Property Tax Impacts Responsibility: Amy Koethe, Teresa Mitchell (updated 8/12/2016) Amy Koethe (updated 8/17/2016) Past note: Note: need to discuss the impact of MVHC tax exclusion—provides relatively more tax relief for homes that are falling value from 12 to 13 (AK 8/19/14 – the MVHC exclusion is included to calculate taxes in this slide) Analysis of home with stable value from 12 to 13 will look much less favorable. (MS)

5 2020 Property Tax Impact on a Median Valued Home

6 Other County Levy Comparisons
**MICA Survey

7 Projected Annual Levy Change
**Preliminary estimates based on Proposed 2020 Property Tax Levies

8 Recommendation for 2020 Levies
Dakota County – Links to multi-year levy strategy DC Regional Rail Authority – Fund Transit Office Only Dakota County CDA – Maximum potential levy Vermillion Watershed

9 THANK YOU!


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