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Tri-County News
Kimball, Minnesota
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November 24, 2011     Tri-County News
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V Page 12 Happy Th,Ank00bhrl-bt 00.urs00ay, November 24, 2011 6t.v6. "ll_:_ _ Tri-County News. Kimball,N The Ho!idaq Season will soon be upon us ... Make sure qou understand qour friends & familq on these special occasions. Call now for a FREE, No-Obligation Hearing Evaluation! Jerry Meinders, Jasm G0etscb Tennille Stahlecker Owner, Hearing State Cered HeaNng Administrative Aid Specialist Insilunelt e" Assistant |7iiii:i|....iiiill |il Get up to | *500 Off , Digital Hearing Aids | Expires December 31, 2011 Fresh 4 Pack Batteries | ,2 0 | Limit 3 with coupon | Expires December 31, 2011 mm mm mm mm mm mm mm mm mm mm mm mm -- Litchfield Bmch of Willmar Headng Add Center 338 U.S. Hwy. 12, Suite 103, Litchfie]d, MN 55355 Hutchinson Branch of Willmar Headng Aid Center 100 Washington Ave. E., Hutchinson, MN 55350 News, sports, photos, calendar, advertisers, and more are available 24/7 on-line at www.tricountynews.MN Property tax changes coming By]can Doran Matua, Editor local governments. Starting next year, there is a Tax statements received this change in how property tax is cap month are not as specific as the culated in the state of Minnesota. tax bills that will be sent in the You may already have noticed it, if you've received your 2012 tax statement. The Homestead Tax Credit is going away in 2012. Through 2011, this tax credit is given to quali- fying homeowners; this amount reduces the amount of property tax the homeowner is required to pay. Because this represents a loss in tax revenue to cities, coun- ties and school districts, the state is then expected to reimburse these local government bodies for the reduced revenues. This reim- bursement doesn't always come. Beginning in 2012, the tax credit is being replaced by a Homestead Market Value Exclusion (HMVE). For homeowners who qualify, a portion of their home's value will be excluded from property taxes due. This means that qualifying homeowners will pay taxes on a portion of their home's value. The result of the HMVE on indi- vidual properties is that the tax- able market value will go down, after the exclusion is applied. The result is that the overall tax base for local governments (cit- ies, counties and school districts) is lowered, and the consequence is that tax rates for local govern- ments must be increased. This higher tax rate applies to all prop- erty in the community, whether or not a HMVE has been applied. The purpose of the change is to provide more consistent and reli- able funding for cries and other spring. The spring statements will show what portion of the property value is being excluded for each homestead. Commercial property is sub- ject to the overall higher tax rates, but will not qualify for the HMVE. Commercial property tax, there- fore, will increase more than homesteaded properties under next year's changes. It is not the city that determines how commer- cial property is affected, but rather the proportion of homestead- qualifying homes compared to commercial properties within the city's tax base. Cities deter- mine their budgets and, thus, the tax revenue needed to run each city. How that revenue is raised is determined by the tax base of each city. Truth in Taxation meetings are coming up in local communities. (See the calendar on page 10 for some of them.) Local governments are preparing to answer ques- tions about this tax change. Keep in mind that your property value may increase or decrease inde- pendently of the tax change tak- ing place. Nothing is set in stone yet, and the state can still make changes in the program before it is imple- mented in 2012. For more specific details about the tax change and how it may affect you and your taxes, go to www. taxes.state, mn. usproperty Documents/hmve-taxpayers.pdf A Thanksgiving Proclamation "It has seemed to merit and proper that God should be solemnly, reverently and gratefully acknowledged, as with one heart and one voice . the whole American People. I do therefore invite my Fellow citizens tn every part of the United States, and also those who are at sea and those who are sojourning tn foreign lands to set apart and observe the last Thursday of November as a day of Thanksgiving and praise to our beneficent Father who dwelleth in the Heavens." Abraham Lincoln, October 1863 UR NEIGH STATE BANK OF KIMBALL KIMBALL SAINT AUGUSTA (320) 398-3500 (320) 251-6100 www.tafebankofkimball.oom Member School Bd./From page 9 first round of MCA/Grad re-takes has been completed. Otherwise, the high school is getting ready for the Holiday season. Superintendent Tritabaugh passed around a candy bouquet in recognition of American Educa- tion Week. He then noted upcom- ing meetings: November 30th- Health & Safety, December 14th- Meet & Confer, December 21st- Benton-Stearns Education District and next regular School Board Meeting with Truth In Taxation Hearing beginning at 6:30, and on December 22nd Mr. Tritabaugh will be having holiday treats in the board room throughout the day. At the City Council meeting on Mon- day it was agreed to hold a joint meeting with the school board. The board selected either January 9th or 10th at 6:30. Lastly, the ele- mentary roof project is completed. Mr. Tritabaugh brought district policy EEG-Drivers Retirement to the board with recommenda- tion of striking. Zipoy/Schreiner motioned to remove Policy EEG. MC The superintendent also informed the board that he will be out of the district November 28 through December 2; any weather related issues will be dealt with by Mr. Widvey. Committee reports included Negotiations-Stenger, Benton- Stearns Education District-Helge- son, Activities-Zipoy, Mr. Helge- son reported on Project Lead The Way activities. Zipoy/Schreiner approved the listed bills in the amount of $249,287.27. MC Gagnon/Schreiner approved the consent agenda. MC. The con- sent agenda included: Approve minutes for October 12, 2011 reg- ular board meeting; Accept dona- tion of $500 from Kimball Ameri- can Legion to be used for supplies for elementary students in need; Accept donation of $150 from the Arts Club to cover the cost of a vis- iting potter. The treasurer's report for Octo- ber was reviewed and discussed. Schreiner/Zipoy accepted $300 donation from Wrestling Boost- ers to be used toward the trophy cases. MC Zipoy/Gagnon, with a wish of the best of luck, to accept the res- ignation received from Adam Aho, Jr. High Wrestling coach for the 2011-2012 season. MC Stenger/Zipoy approved hiring of John Sundgren, Jr. High Wres- tling coach for the 2011-2012 sea- son. MC Mr. Tritabaugh handed out blank pieces of paper for each board member to cast a secret bal- lot to appoint one of three can- didates to school board for the remainder of Dockery's term- December 2011 through Decem- ber 2012. Upon collection and tal- lying of the ballots, Robert Stein was appointed to the school board. Requested fund raisers for the 2011-2012 school year were pre- sented for approval. After discus- sion and review, Zipoy/Gagnon approved the listed fundraisers. MC Gagnon/stenger to adjourn at 8:25 p.m. Jody Gagnon, Clerk (This is a summary of the min- utes of the School Board. To obtain a full copy of the official minutes, contact the District Office at 398- 5585, or check the District website at www.kimball.k12.mn, us.) Published in the Tri-County News Thursday, Nov. 24, 2011