For the second straight year, property taxes are going up in Glenwood despite a reduction in the city tax levy.
The city of Glenwood is lowering its tax levy from 14.53768 to 14.48186 for the 2010-2011 fiscal year, but an increase in the state rollback formula will result in an overall tax increase. For the owner of a home with an assessed value of $150,000, the increase in the state rollback, from 45.5893 percent to 46.9094, will result in an additional $24.84 in city taxes.
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