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W'bago to lose some tax revenue | News, Sports, Jobs - Faribault County Register


Home  /  News  /  Local News  /  W’bago to lose some tax revenue
W’bago to lose some tax revenue
Change in interpretation of Minnesota statute given as reason
By Kevin Mertens - Staff Writer | Mar 14, 2021
Winnebago City Council members learned they will be losing a part of the city’s property tax base beginning with taxes payable in 2022.
The news came at the end of their meeting on Tuesday, March 9, when city administrator Jacob Skluzacek shared a letter he had just received from the offices of the Faribault County auditor/treasurer and assessor.
The letter stated a recent change in the Minnesota Department of Revenue’s interpretation of a Minnesota statute was the reason for the modification, which has to do with taxation relating to electric distribution lines. ....

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