The Wall Lake City Council is predicting their overall property tax levy will be decreasing for the seventh consecutive year. According to City Clerk, Chris Rodman, Wall Lake’s total levy for Fiscal Year (FY) 2021 is $9.50 per $1,000 of taxable valuation and will decrease by just under a penny in the coming year. He says this is largely due to rising property values over the last decade.
The city council is still working to finalize the FY22 budget’s figures. Fortunately, revenues have not been impacted substantially by the COVID-19 pandemic so significant budget cuts will not be necessary. However, Rodman notes, they do have a large infrastructure project planned for next summer.