Residents of Randall will pay less on the cityâs portion of their property taxes in 2021, even though the levy rate will go up slightly.
The Randall City Council voted to raise the cityâs levy by 1% at its meeting Wednesday night, but the decertification of a 15-year-old TIF district bond caused the tax rate to drop. The tax rate for the city portion of property taxes was 61.916% in 2020, but the city paid off the bond for the Bremer Addition, which began in October 2005. That pushed the tax rate down to 53.78%.
The amount levied in 2021 will be $164,471, up from $162,843 in 2020. A preliminary levy was set in September for the rate to go up 5%, but after further discussion, the Council opted for the smaller increase.