WEST POINT – About 20 people filled the West Point Public Library Tuesday night to hear why the city is going to bump the tax levy $1.50/$1,000 of assessed valuation during the next fiscal year.
During a public hearing on the next levy that will go into effect on July 1, the city is projecting a general non-ag levy of $13.29/$1,000 of assessed valuation per a letter sent out to West Point residents. That represents a 14.5% increase in the levy from the current rate of $11.87, or $1.48.
With expected average increases in assessed valuations anticipated in letters that were sent to county taxpayers last week, the total increase owners in the city are looking at paying total closer to 26%.
Lee County mailed out informational letters required by state code that showed an average West Point resident with a home valued at $110,000 next year will pay $693 in taxes as opposed to $550 this year.
A property owner with a home valued at $330,000 next year will pay an anticipated 27.5% increase in real dollars from $2,429 to $3,098.
Mayor Gary Peitz told the group, who were asking why the city was again looking at such a steep hike in rates, that prior councils had been doing their best to run a status quo budget. But repeated years of deficit spending had now taken their toll, and the city needed to get to their max levy to start to dig out.
The city raised the levy close to $3 last year and City Manager Randy Welding said operations are still in deficit spending.
Comments
No comments on this item Please log in to comment by clicking here