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<br />In 2022, the median valuation of the single-family home within the City equals $366,000 (Hennepin <br />County portion). The median valuation is the value at which 50% of the homes are valued lower and <br />50% are valued higher. The General Fund Levy of $5,080,297 supports the 2022 cost of providing City <br />services. Therefore, an owner of median valued home in the Village will pay $1,481 in Property Taxes <br />for City services. <br /> <br />A breakdown of the cost of City services is: $618 for Police, $273 for Fire, $183 for Public Works, $75 <br />for Parks, $136 for Administration, $73 for Finance and $123 for other various costs. Remaining City <br />taxes are $579 for Streets related debt service, $79 for Fire and Public Works buildings related debt <br />service; $67 for parks, sidewalks and intersection improvements related debt service; and $136 for the <br />Capital Equipment and Building Improvements. Resulting in a total City tax of $2,341 for a median <br />valued home. <br /> <br /> <br />Capital Equipment Purchases - Appropriation = $549,520 <br /> <br />The proposed 2022 Capital Equipment Budget totals $549,520. The 2022 revenue for funding capital <br />equipment will be provided by the Capital Improvement Levy, MSA Revolving Funds, sales of existing <br />equipment and a General Fund transfer of excess fund balance. A review of the 2022 revenue and <br />expenditures is as follows: <br /> <br />6