Your city taxes might increase by 3 percent next year
It’s that time of year again for the City of Woodbury — budget season.
City Administrator Clint Gridley introduced his 2016 preliminary property tax parameters in a July 22 workshop. By his early estimates, Gridley sees a possible 3.33 percent increase in the property tax levy for the proposed 2016 budget.
The average annual levy increase since 1996 is 8.73 percent, with the highest (29.03 percent) coming in 2002, and the lowest (no increase) in 2012. For 2015, Woodbury experienced a 2.83 percent increase in the annual tax levy.
According to Gridley, the 3.33 percent increase would equate to a tax increase of about $28 on an average value home in Woodbury. That’s down by $19 from last year’s increase, he said.
By comparison, Stillwater is presenting a 3.5 percent increase to its tax levy, and Cottage Grove is going to present a 6 percent increase.