Glenwood commission approves final tax levy
After a brief Truth in Taxation hearing, Glenwood City Commissioners last Tuesday approved the final levy and budget for 2016.
The approved budget and levy remained unchanged from the preliminary budget approved on Nov. 10. The general fund was set at $1,200,118, with a tax abatement (Midwest Machinery) at $9,810, bringing the total property tax levy to $1,209,928. That’s an increase of about 6 percent over the 2015 budget and levy.
That means the city’s levy has increased about 10 percent since 2014.
Mike Holland was the only city property owner to voice a concern at the city’s Truth in Taxation hearing, which lasted only 10 minutes. Holland told commissioners that his property value did increase by about $100,000 due to construction, but said he didn’t undertand how that added value could increase the city portion of his taxes by 56 percent. “The math just doesn’t make sense,” Holland told the commission. “I can understand 25 to 30 percent, because the value went from $300,000 to $400,000, but not 56 percent.”
Holland was told that there are a number of factors that go into figuring property tax and City Administrator Dave Iverson said he should “check with the county assessor’s office” to make sure there wasn’t an error. The city now contracts with the county to do its residential and business assessments, Iverson said.
Commissioner Todd Gylsen questioned money in the “capital funds” for the ice rink and the beach, since the city doesn’t operate an ice rink at this time.
Glenwood Public Works Director Dave Perryman said the city has been and is continuing to put money away for a new building at the city’s beach.
“So we’re socking money away for a future project? That makes sense,” Gylsen said.