Blog module icon

Displaying all posts tagged with:

'Tax Levy'

Oct 13

Council Approves Preliminary 2022 City Tax Levy - Sept. 27, 2021

Posted to Monticello City Council Highlights on October 13, 2021 at 6:18 PM by Haley Foster

City Council Approves Preliminary 2022 City Tax Levy

 On Monday, Sept. 27, the Monticello City Council approved a preliminary 2022 city tax levy of $11,353,000. This is a 2.6 percent increase from the city tax levy of $11,063,700 in 2021. While the City Council can control the size of the levy, each property’s valuation contributes to changes on the tax bill.

Finance Director Sarah Rathlisberger noted in the meeting that council can think of the levy like a pizza, “You [council] can decide if we’re ordering it as a medium or a large. The property values tell you how much of the pizza, or what slice you get.”

. The pie chart acts as a visual to show the four key components of the tax shift and levy: residential, industrial, apartments, and the nuclear generating plant.

Unlike many other municipalities, Monticello’s tax base is significantly affected by an electric-generating facility. The pie chart acts as a visual to show the four key components of the tax shift and levy: residential, industrial, apartments, and the nuclear generating plant.

Due to a roughly 7 percent decrease in this property’s taxable value and an average increase of 5.7 percent for residential homes, residential properties can expect to see a city tax percentage increase of greater than the 2.6 percent increase in the tax levy.

Please note, the 2.6 percent increase is for the city’s portion only; the county and school district also levy property taxes on parcels in Monticello. This table shows the city and HRA property tax levy from 2018 to the preliminary levy for 2022 with the tax levy increase in 2022 being less than half of what it was last year.

This table shows the city and HRA property tax levy from 2018 to the preliminary levy for 2022 with the tax levy increase in 2022 being less than half of what it was last year.

Watch a City Meeting

Citizens are welcome to attend City Council, Planning Commission, and Economic Development Authority meetings, but we understand that attending in person is not always an option. As an alternative, we offer the following options to stay engaged with your local government:

  • Meetings are broadcast live on cable channel 12 (FiberNet and TDS subscribers) or channel 180 (Charter subscribers).
  • Meetings are streamed live online. View the live stream on the Monticello Live Stream website.
  • Meeting recordings are available online to watch when it's convenient for you. View the meeting recordings on the Monticello Live Stream website.
  • Meetings are rebroadcast throughout the week on cable channel 12 (FiberNet & TDS subscribers) or channel 180 (Charter subscribers).