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17 | Page
<br />Tax Levy, Rate & Impact
<br />
<br />This section summarizes some of the key impacts to the levy and tax rate discussed earlier.
<br />Additional historical tables have been included in the Appendices to provide a more
<br />comprehensive view of past trends. The following table outlines the proposed 2026 levy
<br />and change from the prior year:
<br /> 2025 2026 $ Change % Change
<br />General Fund Levy 5,588,958 6,300,000 711,042 12.72%
<br />Debt Service Levy 3,251,728 3,417,785 166,057 5.11%
<br />Capital Levies
<br />Infrastructure Reserve Levy 93,333 400,000 306,667
<br />
<br />
<br />
<br />43.2%
<br />
<br />City Center CIP Levy 50,000 50,000 -
<br />Park CIP Levy 100,000 - (100,000)
<br />Ballpark Fund Levy 250,000 250,000
<br />Vehicle & Equipment Levy 400,000 450,000 50,000
<br />Street Maintenance Levy 600,000 630,000 30,000
<br />TOTAL LEVY $ 10,084,019 $ 11,497,785 $ 1,413,766 14.02%
<br />
<br />City of Lake Elmo tax levies over time are shown in the following chart:
<br />
<br />To distribute the levy across the city, the County calculates the tax capacity of each
<br />property using a combination of market value, homestead exclusions, and class rates. The
<br />total tax capacity city wide is then compared to the levy amount (after accounting for fiscal
<br />disparities) to determine the local tax rate.
<br />
<br /> -
<br /> 2,000,000
<br /> 4,000,000
<br /> 6,000,000
<br /> 8,000,000
<br /> 10,000,000
<br /> 12,000,000
<br /> 14,000,000
<br />2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
<br />Lake Elmo Municipal Tax Levy
<br />G.O. Debt Levy
<br />Library Levy
<br />Capital Levy
<br />General Fund
<br />0.00%
<br />10.00%
<br />20.00%
<br />30.00%
<br />2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Est.
<br />Local Tax Rate
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