08/13/13 - 5:44pm
The 2002 Pequot Lakes-Sibley Township merger resulted in a city levy tax ratio of $2 in the urban (city) district to $1 in the rural (township) district. The thought at the time was that urban district residents would benefit more from city services and, thus, should pay a higher city tax.
Questions eventually arose over the tax disparity.
• Pequot Lakes has a total taxable valuation of $238,931,400.
• The rural tax district accounts for $150,459,900 (63 percent) of that valuation.