'Preliminary Tax Levy'

Monticello, MN – On Monday, September 22, the City Council approved the City of Monticello’s 2026 preliminary tax levy, the Economic Development Authority’s preliminary special benefit levy and budget, and set the Truth-in-Taxation public hearing in December.

The City Council held a regular meeting on Monday, September 22. Here are the highlights:

• Final Outdoor Farmers Market of the Season: Join us Thursday, September 25, from 3:30 to 6 p.m. in the library parking lot for the last outdoor market of the year!
• New Retail Site for MN Sports Cards: Council reviewed plans for a new building for MN Sports Cards located north of Interstate 94, south of 7^th Street and west of Highland Way. The location will be east of the future Big Bore restaurant (formerly McDonald’s).
• Preliminary Tax Levy Set: Council approved a preliminary property tax levy of 8.64%, aligning with the projected tax base growth. This would result in an unchanged tax rate from 2025. Property owners will receive Truth-in-Taxation notices from Wright County in November, that will show estimated impacts based on proposed levy and property value changes. The Truth-in-Taxation Public Hearing is scheduled for December 8 during the regular City Council meeting. Final levy adoption will follow the hearing.

To view the agenda, and minutes when available, visit the Agenda Center.

To watch the recorded meeting, stream it online or tune in on cable channel 12 (FiberNet), channel 997 (TDS), or channel 180 (Charter subscribers). The rebroadcast schedule is available here.