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Pequot Lakes opts for three-year phase-in to equalize property taxes

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When the city of Pequot Lakes and Sibley Township merged in 2002, two taxing districts resulted with one district paying about half the city portion of property tax as the other.

By 2016, all Pequot Lakes taxpayers will pay a fair share of city property taxes for equal properties.

The Pequot Lakes City Council voted 3-2 Tuesday, Aug. 6, to phase in city tax rate changes over three years, starting in 2014, to make property taxes more equal among urban and rural residents.

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