Tax levies fall in county
Thursday, 24 October 2013 14:21
Homeowners in all four Cuming County municipalities will see a drop in property tax levies this year as a result of just about all local governments dropping their levies for budget year 2013-2014.
The consolidated levies for this story are estimates compiled by the West Point News, which obtained the levies from each of the various taxing entities.
The official levies will be compiled by the Assessor’s Office.
The new consolidated levy for property owners in the City of West Point is $1.8080 for every $100 of assessed valuation, down 7.3 cents from last year’s $1.8813. That means taxes on property valued at $100,000 will be $73.30 less.
Beemer’s 2013-2014 consolidated levy will be $1.7320, down 9 cents from last year’s $1.8224.
That will save taxpayers $90.40 on each $100,000 of property value.
Biggest reasons for the savings in West Point and Beemer are a combined 6 cent cut in the West Point Public School and Cuming County levies.
The school shaved its levy 4 cents, the county 2 cents. Beemer’s Township levy also fell just under 2 cents.
A $100,000 home in the city of Wisner will cost that homeowner about $68 less in taxes in 2013-2014. Wisner’s new consolidated levy is $1.8412, down from last year’s $1.9094.
Wisner’s 6.8 cent levy cut is the result of a 2.6 cent drop in the school levy, nearly a 2 cent drop in the city levy, and the county’s 2 cent levy cut.
Those is the Village of Bancroft will see an 8.6 cent cut in their total levy, thanks again the levy cuts by the count (2 cents), Bancroft-Rosalie School (5 cents), and Bancroft Township (almost 1 cent).
For the full story, pick up the October 23 West Point News, or call 372-2461 to subscribe.