Understanding Truth in Taxation statements

January 4, 2019

By Shelly Finzen
lbvjeditor@gmail.com

In November, Lincoln County residents received Truth in Taxation (TNT) statements, which caused sticker shock for some county residents. For ex­ample, Lake Benton resi­dents were told to expect a 23 percent increase in their school levy and a six percent increase in the city taxes, in addition to a three percent increase at the county level. Fortunately, the actual tax statements that will come out in April will be considerably below the early estimates, but the questions that were asked at the TNT meetings made it apparent that clarifica­tion in the different tax statements is necessary.

For the full story, read this week’s Tyler Tribute.