Dodge County 2020 Budget Certification Hearing November 26, 2020
Minnesota Property Tax 101
Dodge County Officials Board Chair Rod Peterson Commissioner Rhonda Toquam Commissioner David Kenworthy Commissioner John Allen Commissioner Tim Tjosaas Finance Director Lisa Kramer Administrator Jim Elmquist
1. Explain the 2020 proposed budget and tax levy 2. Examine factors impacting the budget 3. Provide you with an opportunity to ask questions
Budget Process Staff builds draft County Board sets Residents receive budget and presents to maximum tax levy preliminary property the county board. otherwise called a tax statements, “Truth in preliminary budget Taxations Statements”. certification. July-September, 2019 October/November September 25, 2019 2019
Budget Process Residents invited to comment on proposed 2020 budget in place County adopts 2020 budget and property for all departments. budget along with taxes. property tax levy November 26, 2020 December 10, 2020 January 1, 2020
Assessed Property Values
Dodge County Budget History Budget History to Levy History $35,000,000 $28,810,288 $30,000,000 $28,441,035 $27,316,685 $24,338,510 $23,812,623 $25,000,000 $20,000,000 $15,045,301 $14,187,523 $15,000,000 $13,638,921 $13,111,277 $12,694,159 $10,000,000 $5,000,000 $0 2016 2017 2018 2019 2020
2020 Budget by Fund Fund 2019 2020 % Change 2.3% Revenue $12,955,705 $12,971,968 37.7% EDA/HRA $30,715 $42,300 4.9% EQ $2,174,693 $2,281,470 -15.1% Highway $9,404,085 $7,984,084 22.0% Human Services $3,093,115 $3,774,230 -3.6% G.O. Debt $1,151,975 $1,110,000
Where do the budget dollars go? EQ Debt 8.1% 3.9% Human Services Revenue 13.1% 46.6% Highway 28.3%
Tax Levy Calculation 2019 2020 Budget $28,810,288 $28,441,035 Revenues (-) $13,115,173 $12,365,914 Fund Balance (-) ($658,066) ($94,406) Gross Levy $15,037,049 $15,980,715 CPA (-) ($849,526) ($935,414) Net Levy $14,187,523 $15,045,301 6.0%
County Program Aid (CPA) CPA for 2018 is $849,526 2020 2019 2018 2017 2016 0 200 400 600 800 1000
What is driving the levy increase for 2019? Human Personnel Services Costs Increases Capital Expenses
Tax Capacity Tax Capacity: The total valuation of property based on market value and class rates, on which property taxes are determined.
Tax Capacity In Millions 35 30 25 20 15 10 5 0 2012 2013 2014 2015 2016 2017 2018 2019 2020
Tax Capacity Tax Rate County’s overall net levy divided by net tax capacity equals the County’s tax capacity tax rate.
Tax Capacity Tax Rate 60 50 40 30 20 10 0 2013 2014 2015 2016 2017 2018 2019 2020
Example Calculation of Property Taxes 2020 (Residential) 2019 Market Value (MV) $300,000 2020 MV 10% 2020 Value= $300,000 * 10% (MV) 2020 MV= $330,000 Homestead Exclusion= ($7,500) Taxable Market Value (TMV) = TMV = $330,000 – $7,500 $322,500 Tax Capacity= $322,500* Res. Tax Class Rate $3,225 (1%) Total Dodge County Taxes= $3,225* FY2020 Dodge Total 2020 Dodge County Tax Rate (47.987) County Taxes = $1,547.58
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