Thirteen electors took part in the approval process for the Land O’ Lakes budget Nov. 18, in which the town used surplus funds as a way to minimize tax increases.
Taxpayers in 2026 will see only a minimal increase to their mill rate.
The 2025 tax levy to be paid in 2026 is $1,102,361 — a 1.52% increase over the actual 2025 levy. The town mill rate will go up by less than half a percent (.43%), rising from $2.34 to $2.35 per $1,000 of assessed property value.
The town’s total expenditures rose by 3.13% from $2,039,234 to $2,103,054, with the biggest drivers of the spending increase being Transportation (+7.45%, $56,252), General Government (+7.94%, $26,848) and Capital Outlay (+10.82%, $15,230).
The town opted to apply $238,532 from its surplus to the budget — which is $87,500 more from the surplus than was applied in 2025 — in order to soften the tax impact on residents. This is notable because the town’s revenue actually decreased by about $30,000.
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