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Board agrees to $2,000-per-year guaranteed minimum tax settlement for Mast Realty
Summary
The board voted unanimously to charge Mast Realty parcel #22809-1334-73030002 $2,000 per year for four remaining years (2024–2027) as a guaranteed minimum tax and allow prepayment from sale proceeds to clear the county tax record.
President Spilde explained that Mast Realty's new owners were unaware of a guaranteed minimum tax tied to parcel 22809-1334-73030002. He proposed charging $2,000 per year for the four remaining years of the obligation and allowing the owners to settle the total now so the amount can be cleared from the county tax record.
Mr. Lehmann expressed reservations about singling out one parcel from the assessment formula, but the board ultimately approved the $2,000-per-year charge for 2024 through 2027 on a motion by Mr. Lehmann, seconded by Mr. Berg, and carried unanimously. The board recorded the settlement terms in the minutes; collection and recording are expected to be processed through county tax records and village billing procedures.
