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In 2025, the median valuation of the single-family home within the City equals $409,050 (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 $6,336,888 supports the 2025 cost of providing City <br />services. Therefore, an owner of median valued home in the Village will pay $1,765.19 in Property <br />Taxes for City services. <br />A breakdown of the cost of City services is: $769 for Police, $342 for Fire, $203 for Public Works, $103 <br />for Parks, $153 for Administration, $67 for Finance and $128 for other various costs. Remaining City <br />taxes are $691 for Streets related debt service and $182 for the Capital Equipment and Building, Parks <br />and Infrastructure Improvements. Resulting in a total City tax of $2,638 for a median valued home. <br />Capital Equipment Purchases - Appropriation = $630,670 <br />The proposed 2025 Capital Equipment Budget totals $630,670. The 2025 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 2025 revenue and <br />expenditures is as follows: <br />6