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Bridgewater Bank Groundbreaking <br />Bridgewater Bank broke ground this week on a new location in Lake Elmo near the intersection of <br />Stillwater Way and Manning Avenue. Mayor Cadenhead, Councilmember Jeff Holtz and members of city <br />staff were on hand to welcome Bridgewater to Lake Elmo. <br />What do my property taxes pay for? <br />Property Tax Calculator <br />The City Council adopted the 2025 Preliminary Levy on September 17. City Finance Dept. <br />staff has developed a downloadable tool that estimates 2025 city taxes (not other <br />jurisdictions) on your home and shows approximately how much of your taxes go toward <br />each service area. Check it out at <br />https://www.lakeelmo.gov/departments/finance___utility/property_tax_calculator.php