The 2015 tax levy of the Chisago Lakes Lake Improvement District is $232,000. This amount is set annually by the Chisago County Board of Commissioners. These funds are collected as an ad valorem tax assessed on all parcels within the 1984 tax boundary. Ad valorem is a tax based on the value of property. Higher value properties have a higher tax applied compared to lower value properties. Some of these funds are leveraged as match to obtain additional state and federal grants.
Currently, approximately 5,650 parcels are assessed an average of $41 per parcel per year. If the tax boundary were adjusted to be consistent with the Chisago Lakes Chain of Lakes Watershed boundary approximately 1,400 parcels would be added. In addition, approximately 60 parcels outside the Chisago Lakes Chain of Lakes Watershed would be removed. This would result in a total of approximately 7,050 parcels in the Chisago Lakes Chain of Lakes Watershed.
If the total tax levy remains at $232,000 then the average annual assessment would be $33 per parcel. 5,650 parcels would receive an annual tax decrease of $8 and 1,400 parcels would receive an annual tax increase of $33.