McLeod County set its preliminary property tax levy for 2020, implemented a local-option sales tax, and approved $10 million in bonding at its meeting last week.
The McLeod County Chronicle reports all the issues but the $10 million in bonding was unanimously approved.
The preliminary property tax levy was approved at $24.6-million, an 8.9 percent increase over last year’s levy, which was a 7.1 percent increase and amounted to $22.6-million. Commissioners were previously looking at a potential 15 percent increase if they hadn’t implemented a local-option sales tax of .5 percent and didn’t approve bonding.
On a $100,000 residential home in McLeod County, property taxes will increase by $15 this year if the value of the home didn’t change, which Colleen Robeck, an accountant in the county’s administrative department, said is unlikely.