City's share of taxes will increase slightly
The city's share of taxes for Rosemount residents will go up in 2014. During their Tuesday night meeting, the city council passed a preliminary budget that includes a 1.55 percent increase in the city's property tax levy.
City administrator Dwight Johnson said the recommended budget will raise the city taxes on a median-value home by $18. The median home value in Rosemount is $203,500. The estimated city tax on that value home would be $878.
Johnson said there are a number of reasons for the increased levy. One of the primary reasons is additional operating and maintenance costs the city has incurred in the last year.
The city has moved forward with a number of projects to add amenities to the community, including the addition of ball fields at UMore, improvements to the Steeple Center and construction of the Highway 3 underpass.
Going into 2014, the city council plans to add more amenities including a splash pad, a senior center and more athletic fields.
Overall, Johnson called the budget modest and said it will keep the city on track to move ahead with all its plans.
Johnson said the city aims to give residents good value for their tax dollars and he hopes residents feel the city gives them that. Johnson added that the levy increase is at the rate of inflation.
The city has not raised taxes since 2007. In fact, since 2008 the city has reduced taxes on median-valued homes by $180.
Mayor Bill Droste said the city council will continue to work on the budget before a final document is passed in December. After passage of the preliminary budget the council can reduce the amount it levies but can not raise it except in extreme cases.
Before passage of the final budget, the city council will hold a public hearing. Rosemount's truth in taxation hearing will be held at 7:30 p.m. Dec. 3 at city hall.