Truth in Taxation

2021 Preliminary Budget and Property Tax Levy 

After several public meetings, the City Council approved the Preliminary 2021 General Fund Budget in September. The proposed preliminary budget includes an overall 2.46% levy increase. 

The City of Wayzata developed the preliminary 2021 budget with three goals in mind:

  1. Maintain service levels and capital project funding to meet the goals of the Strategic Plan
  2. Budget with additional contingency and conservative revenue projections to mitigate the uncertainty of the economic impacts of COVID-19
  3. Minimize the tax levy increase

Your Tax Dollars at Work

The estimate of the preliminary 2021 City tax rate for a median value home in Wayzata is summarized below. 

 

2020 

2021 

Change

% 

Median Value Home in Wayzata

$642,000

$695,000

$53,000

8.26%

City Tax

$1,426

$1,480

$54

3.79%

 

 

 

 

 

 

 

 

 

 

 

 

 




Next Steps

The City Council will be considering the final 2021 General Fund Budget and Tax Levy at its meeting on December 1, 2020 at 7:00 p.m. 

Pursuant to Minnesota Statute Sec. 13D.015, and the Executive Orders and Emergency Declarations related to the COVID19 pandemic, this City Council meeting is being conducted by electronic means using the audio and video conferencing platform, Zoom. You have the following options to participate in the public hearing:

Join the Zoom Meeting by Phone or Computer


Members of the public may watch and listen to the meeting by logging into Zoom, or by calling 312-626-6799 on a phone, and entering Zoom Meeting ID 992 0708 4315, Passcode 322765.  

To speak during the Public Forum and/or Public Hearing portions of the meeting you can use Zoom or a phone.  When using Zoom, indicate you’d like to speak by using Zoom’s “raise hand” function.  When using a phone, press *9.  In each case, you will be muted until you have been recognized and invited to speak.

Send Comments in Advance


The City encourages comments or questions about items on the agenda in advance by emailing PublicComments@wayzata.org, calling City staff at 952-404-5300, or mailing Wayzata City Hall at 600 Rice Street East, Wayzata, MN  55391 (Attn:   Public Comment).

Watch the Meeting on WCTV

The meeting will also be shown on Channel 8, WCTV, and streamed on the City’s website at www.wayzata.org/WCTV.

For additional information on Truth in Taxation Meetings visit www.hennepin.us/tntmeetings. 

 

Contact

For more information about the 2021 General Fund Budget or any other budget related questions, please go to the City’s Website at www.wayzata.org/finance or contact Kathy Ovshak, Senior Accountant at kathy@wayzata.org or 952-404-5300.