Denise Gaida Todd County Auditor-Treasurer st Ave S, Suite 201 Long Prairie, MN

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1 Denise Gaida Todd County Auditor-Treasurer st Ave S, Suite 201 Long Prairie, MN

2 Commonly asked questions from TNT Notices Market Value. - Increased why? - Decreased why? Homestead.. -Do I qualify? -How do I apply? Property Classification.. - Changed why? (RES, AGRI, RUVC, COMM)

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4 2017 Truth in TaxationMeeting November 28, 2017 Purpose of the TnTMeeting: Provide Tax Information Answer Taxpayer Questions Allow Taxpayer Comments Provide details regarding County Levy

5 Property Tax Process Step 1 Assessor Determine Value and Classification of all taxable property within the jurisdiction Step 2 Elected Board/Council Determine the monetary needs of the jurisdiction. Step 3 Auditor/Treasurer Calculate & Collect tax for each parcel based on previous steps.

6 Why did my taxes increase? Your Market Value Increased Your Property Classification Changed You Have New Construction The County Increased its Levy The Township/City Increased its Levy The School District Increased its Levy Your Parcel is in a Different School District Your Parcel has Special Assessments Property Tax Laws Changed Voter Approved Referendums

7 County has 10 residential parcels County has no cities/townships/school districts County uses Minnesota Tax Laws County levy is set at $10,000 for the next 5 years

8 Year = 1 Tax Levy = $10, Values are Equal 10 Classifications are the Same #1 #2 #3 #4 #5 #6 #7 #8 #9 #10

9 Year = 2 Tax Levy = $10,000 9 Values are Equal 10 Classifications are the Same 1 Value is Less #1 #2 #3 #4 #5 #6 #7 #8 #9 #10

10 Year = 3 Tax Levy = $10,00 9 Values are Equal 10 Classifications are the Same 1 Value is Greater #1 #2 #3 #4 #5 #6 #7 #8 #9 #10

11 Year = 4 Tax Levy = $10,000 9 Values are Equal 9 Classifications are the Same 1 Value is Greater 1 Classification is Less #1 #2 #3 #4 #5 #6 #7 #8 #9 #10

12 Year = 5 Tax Levy = $10,000 9 Values are Equal 9 Classifications are the Same 1 Parcel is Greater 1 Class. is Less & 1 is Greater #1 #2 #3 #4 #5 #6 #7 #8 #9 #10

13 10 parcels No twps./cities No school districts No levy change 1 property change/yr. 24,800 parcels 40 twps./cities 12 school districts 4.13% County increase Unlimited annual change

14 Frequently Asked Questions/Comments My value was raised so the County would get more money. No, the value is set months prior to the levy. The tax collected by the jurisdiction is independent of the property value. My house hasn t changed; why did the value of my parcel increase? Assessed value is based on sales of real estate. If sale prices change, so will assessed value.

15 Frequently Asked Questions/Comments If my neighbor builds a house will my taxes go up? No. If nothing else changes your taxes will go down, because the neighbor will pay a larger portion of the total. My house is incomplete, so it cannot be valued/taxed. It will be assessed and taxed as incomplete. Even as incomplete it adds value to the property.

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17 Welcome back to our feature presentation

18 Public Hearings for Value & Classification concerns were held in March/April Public Hearing for Budget & Levy concerns-november 2017.

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20 Budget Process Timeline Time Late April May EarlyJune End of June July Late July Mid August Mid August Mid September Late September November 28 December 19 Step Budget Goal Established Working budgetsdistributed to departments Budget proposalssubmitted to Finance Committee Budget proposals reviewed by Finance Committee Proposedbudget developed by Finance Committee County Board reviewed budget County Board adopts preliminary budget Public Hearing (TNT Meeting) County Board must adopt final budget

21 Todd County s Budget/Levy

22 Todd County Local Levy History 14,339, ,001, ,621, Levy 2017 Levy 2018 Levy 8.37% increase 4.62% increase Proposed 4.13% Increase

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25 Planning for the future. Developing a Proactive Budget Established a Building & Grounds Improvement Fund within the County General Fund. $60,010 Budgeted in 2015 $60,000 Budgeted in 2016 $75,000 Budgeted in 2017 $150,000 Budgeted in 2018

26 Planning for the future. Established a funding plan for the future construction of a new Public Works LP Shop within the County General Fund. $200,000 Set aside in 2014 $100,000 Budgeted in 2015 $165,000 Budgeted in 2016 $200,000 Budgeted in 2017 $50,000 Budgeted in 2018

27 2018 Budget Summary Report

28 Todd County Tax Levy *The County Board of Commissioners has the authority to reduce this levy before the deadline of December 30 th, 2017.*

29 Where Do Your Property Tax Dollars Go? COUNTY TAX DISTRIBUTION: 2018 PROPOSED COUNTY TAX LEVY $15,621,292

30 OPTIONS MOVING FORWARD Option #1 Approve the Preliminary Levy as certified September 29 th Option #2 -Cut expenditures which would require reduction of selected services. Option #3 Use Cash Reserves to lessen impact on Local Levy Increase.

31 Public Hearing

32 We are working together for the betterment of Todd County through Transparency and Teamwork. Denise Gaida, Todd County Auditor-Treasurer County Commissioners Barbara Becker Gary Kneisl Rod Erickson David Kircher Randy Neumann

33 County Contact Information