Actual property levies in Minnesota’s Lake County fund important public companies akin to faculties, libraries, roads, and emergency companies. These assessments are primarily based on the estimated market worth of properties inside the county’s jurisdiction. For instance, a residential house owner, a industrial enterprise proprietor, and an industrial property proprietor will every obtain an annual tax assertion reflecting their particular person property’s assessed worth and the corresponding levy.
Steady and predictable native funding is significant for sustaining a thriving neighborhood. Income generated via these assessments permits Lake County to put money into infrastructure enhancements, keep public security, and supply essential companies to residents. The historic context of property taxation in Minnesota displays a long-standing dedication to native governance and neighborhood well-being. Constant software of those levies has enabled the county to adapt to altering financial circumstances and evolving neighborhood wants over time.
This useful resource goals to supply a complete understanding of property taxation inside Lake County. Matters lined will embrace evaluation methodologies, attraction processes, cost choices, and the distribution of collected revenues. Extra info will tackle exemptions, particular assessments, and the function of the County Assessor’s workplace.
1. Assessed values
Property taxes in Lake County, Minnesota, are calculated primarily based on assessed values, representing the estimated market value of a property. Correct assessments are essential for equitable tax distribution. Understanding how these values are decided is important for property homeowners.
-
Property Appraisal
County assessors appraise properties utilizing varied strategies, together with evaluating latest gross sales of comparable properties, contemplating property traits (dimension, location, situation), and analyzing revenue potential for industrial properties. This course of establishes the property’s market worth, which types the idea for the assessed worth. Common reappraisals make sure that assessed values replicate present market circumstances. As an example, a major improve in native property values would seemingly lead to larger assessments throughout the county.
-
Evaluation Ratio
Minnesota applies a state-determined evaluation ratio to the market worth to reach on the assessed worth used for tax calculations. This ratio varies relying on property classification (residential, industrial, agricultural, and so on.). Making use of a uniform ratio ensures consistency throughout completely different property sorts. This standardized method helps keep equity and prevents disproportionate tax burdens.
-
Classification
Properties are categorized into completely different lessons primarily based on their use. Residential, industrial, industrial, and agricultural properties every have completely different evaluation ratios and tax charges. Classifications acknowledge the various financial contributions and market behaviors of various property sorts. A homestead classification, for instance, may obtain a special evaluation ratio than a industrial property, impacting the ultimate tax quantity.
-
Appeals
Property homeowners have the best to attraction their assessed values in the event that they consider them to be inaccurate. The appeals course of gives a mechanism for property homeowners to problem assessments and current proof supporting their case. A profitable attraction might lead to a lowered assessed worth and a decrease tax invoice. This recourse ensures equity and accountability inside the evaluation system.
Understanding assessed values, together with appraisal strategies, evaluation ratios, classification, and attraction processes, is significant for navigating the Lake County property tax system. This information empowers property homeowners to know their tax obligations and advocate for honest and correct assessments, instantly impacting their particular person tax liabilities and contributing to the equitable distribution of the tax burden throughout the county.
2. Levy Charges
Levy charges are a important part of property taxes in Lake County, Minnesota. These charges, expressed as a share or greenback quantity per assessed worth unit, decide the precise tax levied on a property. The entire tax legal responsibility is calculated by multiplying the assessed worth by the relevant levy price. Totally different taxing authorities inside Lake County, together with the county itself, municipalities, college districts, and particular taxing districts, set up their very own levy charges. The cumulative impact of those particular person levies constitutes the entire property tax burden for a given property.
For instance, if a property’s assessed worth is $200,000 and the mixed levy price is 2%, the annual property tax could be $4,000. Understanding the interaction between assessed values and levy charges is essential for property homeowners to anticipate and handle their tax obligations. Adjustments in levy charges instantly influence the quantity of property taxes owed. An increase in a particular taxing authority’s levy price, akin to the varsity district, would improve the general tax burden for property homeowners inside that district, even when assessed values stay fixed. Conversely, a lower in a levy price would lead to decrease taxes, assuming no change in assessed worth.
Evaluation of levy charges gives useful insights into the funding priorities of assorted taxing authorities. Analyzing modifications in levy charges over time can reveal shifts in useful resource allocation in direction of completely different public companies. Transparency within the levy-setting course of permits residents to know how their tax {dollars} are being utilized to help neighborhood wants. Public finances conferences and entry to levy info empower knowledgeable civic engagement and contribute to a extra accountable native authorities. Furthermore, understanding levy charges equips property homeowners to take part successfully in public discourse surrounding property taxation and native governance.
3. Cost Deadlines
Adhering to cost deadlines is essential for managing property tax obligations in Lake County, Minnesota. Failure to remit funds by the desired dates leads to penalties, curiosity accrual, and potential assortment actions. Understanding these deadlines and obtainable cost choices permits property homeowners to keep away from pointless monetary repercussions. This info contributes to accountable monetary planning and ensures continued help for important public companies funded by property taxes.
-
Due Dates
Lake County property taxes are usually due in two installments. The primary installment is due on Could fifteenth, and the second installment is due on October fifteenth. Particular due dates might fluctuate primarily based on particular person circumstances, so consulting official county sources is essential for affirmation. Lacking these deadlines triggers penalties and curiosity, rising the general tax burden.
-
Cost Strategies
Numerous cost strategies can be found to facilitate handy and well timed tax funds. These choices might embrace on-line funds via the county’s web site, funds by mail, and in-person funds at designated county workplaces. Leveraging these choices ensures well timed funds and avoids potential late charges. On-line cost methods typically present speedy affirmation and transaction monitoring.
-
Delinquency Procedures
Delinquent property taxes accrue penalties and curiosity, rising the entire quantity owed. Continued non-payment can result in additional assortment actions, together with liens on the property and potential tax forfeiture. Understanding the delinquency procedures underscores the significance of well timed funds and motivates property homeowners to keep away from potential monetary and authorized ramifications.
-
Prepayments
Lake County might enable prepayment of property taxes, enabling property homeowners to pay their anticipated tax legal responsibility prematurely. This selection might be advantageous for budgeting and monetary planning, significantly for people preferring to handle their funds proactively. Prepayment ensures well timed cost and eliminates the danger of overlooking deadlines.
Managing property tax funds successfully requires diligence in adhering to cost deadlines and understanding obtainable cost choices. Consciousness of potential penalties for delinquent taxes and the choice for prepayment empowers property homeowners to take care of compliance and keep away from pointless prices. Finally, accountable tax administration contributes to the monetary stability of particular person property homeowners and helps the sustained funding of important public companies inside Lake County.
4. Exemptions
Sure properties inside Lake County, Minnesota, might qualify for property tax exemptions, lowering or eliminating their tax legal responsibility. These exemptions are usually primarily based on particular standards associated to property use or possession standing. Understanding obtainable exemptions is essential for eligible property homeowners to reduce their tax burden legally. Exemptions serve an important function within the property tax system by selling particular coverage targets, akin to supporting householders, encouraging charitable actions, and preserving agricultural land. The applying and qualification course of for exemptions includes adhering to particular necessities and deadlines established by Lake County.
Widespread examples of property tax exemptions in Lake County embrace homestead exemptions for owner-occupied main residences, agricultural exemptions for actively farmed land, and exemptions for properties owned by non-profit organizations serving charitable, non secular, or academic functions. A qualifying house owner, as an example, may obtain a discount of their assessed worth, resulting in a decrease tax invoice. Equally, a non-profit group working a neighborhood middle may very well be solely exempt from property taxes, permitting them to allocate sources extra successfully in direction of their mission. These exemptions acknowledge the societal advantages offered by these properties and encourage their continued operation inside the neighborhood.
Efficiently navigating the exemption course of requires cautious consideration to element and adherence to established pointers. Property homeowners should perceive the particular standards for every exemption, collect the mandatory documentation, and submit functions inside the designated timeframe. Failure to satisfy these necessities might lead to a denial of the exemption. Consulting sources offered by the Lake County Assessor’s workplace can help property homeowners in understanding and making use of for eligible exemptions. Finally, a radical understanding of obtainable exemptions empowers eligible property homeowners to cut back their tax legal responsibility legally and helps the broader coverage targets underpinning these provisions inside the Lake County property tax system.
5. Appeals Course of
The appeals course of gives a vital mechanism for property homeowners in Lake County, Minnesota, to problem assessed property values they consider to be inaccurate or unfair. This course of ensures accountability and equity inside the property tax system. Navigating the appeals course of successfully requires understanding the steps concerned, adhering to deadlines, and presenting compelling proof to help the declare.
-
Formal Enchantment Submission
Property homeowners should provoke an attraction by submitting a proper written discover to the Lake County Assessor’s workplace inside a specified timeframe. This discover ought to clearly state the grounds for the attraction, together with particular the reason why the assessed worth is disputed. Supporting documentation, akin to latest value determinations, comparable property gross sales information, or proof of property harm, strengthens the attraction. Failure to submit the attraction inside the required timeframe might lead to forfeiture of attraction rights.
-
Native Board of Enchantment and Equalization
The Native Board of Enchantment and Equalization evaluations the submitted attraction and conducts hearings to assemble proof and testimony from the property proprietor and the assessor. Property homeowners have the chance to current their case and problem the assessor’s valuation methodology. The Board then makes a dedication concerning the assessed worth, which might be upheld, lowered, or raised. This stage gives a proper platform for property homeowners to current their arguments and search changes to their assessed values.
-
Minnesota Tax Court docket Enchantment
If the property proprietor is dissatisfied with the Native Board’s choice, they might additional attraction to the Minnesota Tax Court docket. This attraction requires adherence to particular authorized procedures and will contain authorized illustration. The Tax Court docket evaluations the proof and makes a closing dedication on the assessed worth. This extra stage of attraction gives recourse for property homeowners searching for additional evaluate of their assessments.
-
Significance of Documentation
All through the appeals course of, meticulous documentation is important. Sustaining data of all communications, proof submitted, and listening to transcripts is essential for constructing a powerful case and defending attraction rights. Correct documentation helps the property proprietor’s claims and facilitates a extra environment friendly and clear appeals course of. Organized and complete documentation strengthens the credibility of the attraction and aids in efficient communication all through the method.
The appeals course of provides a important safeguard inside the Lake County property tax system, guaranteeing equity and accuracy in property valuations. By understanding the steps concerned, deadlines, and the significance of thorough documentation, property homeowners can successfully make the most of this course of to problem assessments they deem unjust. A profitable attraction can lead to a decrease assessed worth, resulting in a lowered property tax legal responsibility and a extra equitable distribution of the tax burden throughout the county.
6. Taxpayer Sources
Navigating the complexities of property taxation in Lake County, Minnesota, might be difficult. Taxpayer sources provide important help and steering to property homeowners, facilitating knowledgeable decision-making and guaranteeing compliance with rules. These sources play a vital function in fostering transparency and understanding inside the property tax system. Entry to correct and well timed info empowers property homeowners to handle their tax obligations successfully and contribute to a extra equitable and environment friendly tax system.
-
Lake County Assessor’s Web site
The Lake County Assessor’s web site serves as a central hub for property tax info. Property homeowners can entry on-line property data, evaluation info, tax cost particulars, exemption functions, attraction types, and different related sources. On-line entry streamlines info retrieval and promotes self-service capabilities, permitting property homeowners to handle their tax obligations effectively. For instance, a property proprietor can view their present assessed worth, cost historical past, and upcoming cost deadlines on-line, eliminating the necessity for in-person visits or cellphone calls.
-
Taxpayer Help Applications
Lake County provides help packages designed to help particular demographics, akin to senior residents, veterans, and low-income households. These packages might present tax aid via exemptions, deferrals, or different types of help. Eligibility standards fluctuate relying on the particular program. These initiatives acknowledge the various monetary capacities of property homeowners and goal to mitigate potential hardships. As an example, a qualifying senior citizen could be eligible for a property tax deferral, permitting them to postpone tax funds till a later date.
-
Group Workshops and Instructional Supplies
Lake County ceaselessly conducts workshops and publishes academic supplies to reinforce public understanding of property taxation. These sources cowl varied matters, together with evaluation methodologies, attraction procedures, exemption {qualifications}, and cost choices. These initiatives promote transparency and empower knowledgeable decision-making amongst property homeowners. Attending a workshop on property tax appeals, for instance, can equip a property proprietor with the data and sources essential to navigate the appeals course of successfully.
-
Direct Contact with Assessor’s Workplace Workers
Direct communication with the Lake County Assessor’s workplace gives customized help and clarification on particular property tax issues. Skilled employees can reply questions, present steering on navigating the system, and tackle particular person issues. This customized help enhances the general taxpayer expertise and ensures that property homeowners obtain the knowledge they want. Contacting the assessor’s workplace instantly might be significantly useful for property homeowners with advanced conditions or particular questions requiring customized consideration.
Efficient utilization of obtainable taxpayer sources considerably contributes to a smoother and extra knowledgeable expertise navigating the Lake County property tax system. These sources empower property homeowners to know their rights and duties, handle their tax obligations effectively, and interact extra successfully within the native governance processes shaping property taxation insurance policies. Entry to those sources fosters transparency, promotes equity, and contributes to a extra equitable and environment friendly property tax system inside Lake County.
7. Native Authorities Funding
Property taxes in Lake County, Minnesota, represent a cornerstone of native authorities funding, offering important income for a variety of public companies and infrastructure tasks. Understanding the connection between property tax income and native authorities operations is essential for residents to understand how their tax contributions help the neighborhood’s well-being.
-
Important Providers
Property tax income instantly funds very important companies that contribute to the standard of life in Lake County. These companies embrace public training, legislation enforcement, fireplace safety, emergency medical companies, highway upkeep, and library companies. For instance, a good portion of property tax income is often allotted to high school districts, enabling them to supply high quality training to native youngsters. Equally, funding for legislation enforcement companies ensures public security and order inside the neighborhood. With out sufficient property tax income, the supply of those important companies could be severely compromised.
-
Infrastructure Improvement and Upkeep
Lake County depends on property tax income to finance infrastructure growth and upkeep tasks. This consists of development and restore of roads, bridges, public buildings, parks, and water/sewer methods. These investments are important for supporting financial progress, enhancing neighborhood aesthetics, and guaranteeing the long-term sustainability of public infrastructure. As an example, property taxes might fund the development of a brand new library, the restore of a deteriorated bridge, or the enlargement of the county’s water therapy facility. These tasks contribute to the general well-being and performance of the neighborhood.
-
Price range Allocation and Public Accountability
The allocation of property tax income is topic to a public finances course of, offering transparency and accountability in native authorities operations. Residents have the chance to take part in finances discussions, voice their issues, and supply enter on funding priorities. This course of ensures that public funds are utilized responsibly and replicate neighborhood wants. Entry to finances info and public hearings permits residents to know how tax {dollars} are being spent and maintain native officers accountable for accountable monetary administration.
-
Influence of Financial Fluctuations
Native authorities funding via property taxes might be inclined to financial fluctuations. Downturns in the actual property market can result in declining property values and lowered tax income, probably impacting the supply of funds for public companies and infrastructure tasks. Conversely, intervals of financial progress and rising property values can generate elevated tax income, enabling larger funding in neighborhood growth initiatives. Understanding the connection between financial circumstances and property tax income is essential for anticipating potential budgetary challenges and planning for long-term monetary stability.
Property taxes in Lake County are inextricably linked to the monetary well being and operational capability of native authorities. These taxes function the first funding supply for important companies, infrastructure growth, and neighborhood enchancment initiatives. Understanding this connection empowers residents to understand the significance of property taxes in sustaining a thriving neighborhood and encourages knowledgeable participation in native governance processes that form the allocation and utilization of those very important public funds. Moreover, recognizing the potential influence of financial fluctuations on property tax income permits for proactive planning and accountable monetary administration on the native authorities stage.
8. Property Classifications
Property classifications play a major function in figuring out property tax liabilities inside Lake County, Minnesota. Totally different classifications, assigned primarily based on property utilization, affect assessed values and relevant tax charges. This method acknowledges the varied financial features and market behaviors of assorted property sorts. Understanding these classifications is essential for property homeowners to precisely anticipate and handle their tax obligations. The classification system instantly impacts the distribution of the general tax burden throughout completely different sectors of the native economic system.
Residential properties, encompassing single-family properties, townhouses, and condominiums, usually obtain a special classification than industrial properties, which embrace retail shops, workplace buildings, and industrial services. Agricultural land, designated for farming and agricultural manufacturing, falls beneath a separate classification. These distinctions acknowledge the various income-generating potential and market dynamics related to every property sort. For instance, a industrial property producing substantial income could be assessed at a better price than a residential homestead. This differentiation displays the precept of taxing properties in response to their financial capability.
Moreover, particular sub-classifications exist inside broader classes. As an example, inside the residential classification, distinctions may exist between owner-occupied properties and rental properties, probably impacting assessed values and tax charges. Equally, inside industrial classifications, completely different charges may apply to retail areas versus industrial warehouses. Understanding these nuances is important for correct tax calculations and knowledgeable monetary planning. Failure to contemplate property classifications can result in miscalculations and potential monetary difficulties for property homeowners. Correct classification ensures equitable tax distribution and helps the environment friendly functioning of native authorities companies funded by property tax income. Furthermore, clear and well-defined property classifications contribute to public belief and accountability inside the tax system.
9. Particular Assessments
Particular assessments signify a definite part of property taxes in Lake County, Minnesota. These assessments are levied on properties that instantly profit from particular public enhancements, akin to highway paving, sewer line set up, or sidewalk development. The underlying precept is that properties receiving a direct and measurable profit from these enhancements ought to bear a proportionate share of the associated fee. This focused method ensures that the monetary burden of localized enhancements is distributed pretty among the many benefiting property homeowners fairly than being unfold throughout your complete tax base.
Take into account a situation the place a residential avenue undergoes a whole reconstruction, together with new pavement, curbs, and gutters. Properties alongside that avenue would seemingly be topic to a particular evaluation to cowl a portion of the undertaking’s price. The evaluation quantity would usually be primarily based on components akin to property frontage, lot dimension, or assessed worth. This ensures that properties deriving probably the most vital profit from the development contribute accordingly. An analogous precept applies to different localized enhancements like sewer line extensions or the set up of streetlights. Properties instantly linked to the brand new sewer line or benefiting from enhanced avenue lighting could be topic to particular assessments reflecting the worth added by these enhancements.
Understanding particular assessments is essential for property homeowners in Lake County. These assessments are distinct from common property taxes and are levied along with common tax obligations. Consciousness of how particular assessments are calculated, levied, and picked up empowers property homeowners to anticipate potential prices related to public enhancements of their neighborhood. Moreover, it permits for knowledgeable participation in public discussions and decision-making processes associated to proposed infrastructure tasks. Cautious consideration of particular assessments contributes to accountable monetary planning and ensures a good and clear allocation of prices for localized public enhancements. Furthermore, a transparent understanding of particular assessments fosters public belief and promotes accountability in using public funds for infrastructure growth inside Lake County.
Regularly Requested Questions on Lake County Property Taxes
This FAQ part addresses widespread inquiries concerning property taxation inside Lake County, Minnesota. The offered info goals to make clear key elements of the system and provide sensible steering to property homeowners.
Query 1: How is the assessed worth of a property decided in Lake County?
County assessors appraise properties utilizing varied strategies, together with comparable gross sales evaluation, property traits evaluations, and revenue potential assessments for industrial properties. This course of establishes market worth, which is then adjusted by a state-determined evaluation ratio to reach on the assessed worth used for tax calculations.
Query 2: What can property homeowners do in the event that they disagree with their assessed worth?
Property homeowners have the best to attraction assessed values they consider are inaccurate. The appeals course of includes submitting a proper discover to the County Assessor, presenting proof to the Native Board of Enchantment and Equalization, and probably interesting additional to the Minnesota Tax Court docket.
Query 3: When are Lake County property taxes due?
Property taxes are usually due in two installments: Could fifteenth and October fifteenth. Particular due dates might fluctuate primarily based on particular person circumstances. Consulting official county sources is beneficial for affirmation.
Query 4: What cost choices can be found for Lake County property taxes?
Cost choices usually embrace on-line funds via the county web site, funds by mail utilizing the offered cost coupon, and in-person funds at designated county workplaces. Contact the County Treasurer’s workplace for particulars on obtainable cost strategies.
Query 5: What sorts of property tax exemptions can be found in Lake County?
Widespread exemptions embrace homestead exemptions for owner-occupied main residences, agricultural exemptions for actively farmed land, and exemptions for properties owned by qualifying non-profit organizations. Eligibility necessities fluctuate for every exemption. Seek the advice of the County Assessor’s workplace for detailed info.
Query 6: How are particular assessments decided and picked up?
Particular assessments are levied on properties benefiting instantly from particular public enhancements, akin to highway paving or sewer line installations. The evaluation quantity is often primarily based on components like property frontage, lot dimension, or assessed worth. These assessments are separate from, and along with, common property taxes.
Understanding these key elements of Lake County property taxes permits property homeowners to handle their tax obligations successfully and take part extra informedly in native governance. Correct and well timed info empowers property homeowners and promotes a extra equitable and environment friendly tax system.
Past these FAQs, exploring extra sources just like the Lake County Assessor’s web site and contacting the Assessor’s workplace instantly can present additional clarification on particular tax-related issues. The following part delves into particular examples of property tax calculations in Lake County, providing sensible illustrations of how these rules apply in real-world situations.
Important Ideas for Navigating Property Taxes in Lake County, MN
These sensible suggestions provide steering for property homeowners in Lake County, Minnesota, searching for to know and handle their property tax obligations successfully. Proactive engagement with the property tax system empowers knowledgeable decision-making and ensures compliance.
Tip 1: Frequently Evaluate Property Assessments
Property homeowners ought to diligently evaluate annual property assessments for accuracy. Discrepancies in property particulars, akin to lot dimension or constructing sq. footage, can influence assessed worth. Well timed identification of inaccuracies permits for immediate correction and prevents potential overpayment of property taxes.
Tip 2: Perceive Out there Exemptions
Researching and making use of for eligible exemptions, akin to homestead exemptions or agricultural exemptions, can considerably cut back property tax burdens. Eligibility standards fluctuate, requiring cautious evaluate of necessities and well timed software submissions.
Tip 3: Monitor Levy Price Adjustments
Staying knowledgeable about modifications in levy charges enacted by varied taxing authorities inside Lake County permits proactive budgeting and monetary planning. Adjustments in levy charges instantly influence the general property tax quantity owed.
Tip 4: Make the most of On-line Sources
Leveraging on-line sources offered by the Lake County Assessor’s workplace simplifies property tax administration. On-line entry to property data, evaluation info, tax cost particulars, and exemption functions streamlines processes and reduces reliance on handbook inquiries.
Tip 5: Attend Public Price range Conferences
Collaborating in public finances conferences provides useful insights into native authorities funding priorities and the allocation of property tax revenues. Lively engagement promotes transparency and accountability inside the property tax system.
Tip 6: Keep Correct Property Data
Retaining meticulous data of property-related paperwork, together with deeds, value determinations, and tax cost confirmations, is important for resolving potential disputes and facilitating correct assessments.
Tip 7: Contact the Assessor’s Workplace Straight
Direct communication with the Lake County Assessor’s workplace provides customized steering on particular property tax issues. Skilled employees can present clarification, reply questions, and tackle particular person issues.
Tip 8: Take into account Prepayment Choices
Exploring prepayment choices permits property homeowners to pay taxes prematurely, aiding in budgeting and probably avoiding late cost penalties.
Making use of the following tips empowers property homeowners in Lake County to navigate the property tax system successfully, reduce potential monetary burdens, and contribute to a extra equitable and environment friendly native authorities funding mechanism. Proactive engagement promotes transparency, accountability, and knowledgeable decision-making.
The next conclusion summarizes the important thing takeaways and emphasizes the significance of understanding and fascinating with the property tax system in Lake County.
Understanding Lake County, Minnesota Property Taxes
This exploration of property taxation inside Lake County, Minnesota, has highlighted key elements, together with assessed values, levy charges, cost deadlines, exemptions, the appeals course of, obtainable taxpayer sources, the function of property taxes in native authorities funding, property classifications, and particular assessments. Every aspect performs a vital function within the general framework. Correct property valuations kind the inspiration of a good system, whereas levy charges decide the precise tax burden. Adhering to cost deadlines and understanding obtainable cost choices prevents penalties. Exemptions provide potential tax aid for eligible properties, and the appeals course of gives a mechanism for difficult assessments. Taxpayer sources empower knowledgeable decision-making, whereas native authorities funding depends closely on property tax revenues. Property classifications guarantee equitable tax distribution throughout completely different property sorts, and particular assessments tackle the funding of localized public enhancements.
Efficient engagement with the property tax system requires diligent consideration to those interconnected elements. Understanding these components permits knowledgeable monetary planning, accountable useful resource allocation, and significant participation in native governance. Continued exploration of obtainable sources and proactive communication with the County Assessor’s workplace fosters transparency and accountability inside the system, in the end contributing to a extra equitable and environment friendly funding mechanism for important public companies and neighborhood growth inside Lake County.