Dakota County has mailed proposed tax statements—also known as Truth in Taxation (TNT) notices–to property owners, and some residents of Inver Grove Heights may have already received theirs. This notice estimates the property tax that would be paid in 2019.
The County prepared those statements based on the City’s preliminary budget approved on Sept. 10. At that time Council approved a city-wide levy for operations and debt of $23,673,621 resulting in a levy increase of $2,711,224 or 12.93% and a tax rate increase of 6.25%. That means someone with a home valued at $235,698 (the median value of a home in Inver Grove Heights) would have seen an increase of about $188 per year.
On Nov. 13, Council discussed approving a lower city-wide levy of $23,231,294 resulting in a levy increase of $2,268,897 or 10.82% and a tax rate increase of 4.04%. The impact to a median home will likely be reduced to $137 per year, or $11.42 per month.
The levy increase provides continued funding for current programs and services along with funds for debt service on Fire Station #2, hiring of three fire captains and a fire inspector, wage increase for firefighters, financial management plan, police code compliance abatement and fire training.
Council will continue to discuss the budget at their Dec. 3 work session and will approve the final budget on Dec. 10.
View the preliminary budget documents on the Finance page. If you have questions on the budget you can contact Finance Director Kristi Smith at 651-450-2521