Graphic courtesy of the city of Forest LakeThis chart shows some projected 2018 city tax bills for different values of commercial and residential property in Forest Lake under the city’s preliminary levy, based on current projections of property value increases.
The Forest Lake City Council approved the city’s preliminary levy for 2018 at its Sept. 11 meeting. Once the preliminary levy is set, it cannot be raised higher than that amount when the final budget is approved in December. It can only fall or stay the same.
The council unanimously signed off on a total levy of $10.05 million, compared to a final levy of $9.48 million for 2017. Though the increase between next year’s preliminary levy and this year’s final levy is approximately 6 percent, most property owners’ tax increases will likely be considerably smaller than that, thanks to rising property values and new property value added in the city.broadstreet.zone(48036);
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