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RESOLUTION PROPOSING THE SUM TO BE RAISED BY TAXATION FOR THE SPECIAL TAXING DISTRICT, DULUTH TRANSIT AUTHORITY, FOR THE YEAR 2025.
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CITY PROPOSAL:
RESOLVED, that pursuant to Minnesota Statutes, Sec. 275.065, the City Council adopts the following proposed tax levy:
Section 1. The sum to be raised by taxation for the year 2025 for Duluth Transit Authority special taxing district’s operations is hereby determined to be the sum of $2,322,280 which sum is levied against the taxable property of the city of Duluth and appropriated to the various accounts as set forth in the following section, see Exhibit A.
Section 2. That pursuant to Minnesota Statutes, Sec. 458A.31, Subd. 1, there will be levied for transit operations the sum of $2,322,280.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution sets the proposed property tax levy for the year 2025 for the special taxing district, Duluth Transit Authority (DTA). Although the transit authority is a special taxing district per Minnesota Statute 275.066, the city is obligated through council resolution to levy on their behalf.
The full levy that is allowable by law in Minnesota State Statute 458A.31, Subdivision 1, .07253 percent of estimated market value for 2025 is estimated to be in excess of $7.1 Million. The DTA proposes a levy percent of 0.0235%. This would increase the tax levy amount received to an estimated $2,322,280 from last year's amount of $2,174,408. This would capture an increase of $147,872, or a 6.8% increase. Per the DTA’s calculations, the estimated annual impact of the DTA portion of property taxes on a home valued at $240,100 is the same as last year (2024) at $47.06.