THE CITY REBORN FROM THE ASHES OF AMERICA'S MOST DISASTROUS FOREST FIRE
Marinette Property Tax Rate is $23.11 per $1000
The Marinette City Council voted unanimously on Wednesday, Nov. 20 to set a property tax levy of $14,994,577 for 2014. This will result in a total property tax bill of $23.11 per $1,000 of equalized value for city property owners later this month.
This equates to $2,311 in taxes on a property valued at $100,000 after applying the states school tax credit. The citys portion of the bill, up 1.6 per cent from last year, is $7.62 per $1,000, or $762 of the total taxes on a $100,000 home.
The levy includes amounts set by Marinette School District, Marinette County, NWTC and the state, with the largest percentage going to support the school.
No one came forward to offer comments during the 15-minute public hearing that preceded Councils adoption of the budget.
Before setting the total levy, Council adopted the citys budget for 2014, which allocates $4,635,222 for general and debt service funds, plus $1,103,360.09 for the eight Tax Increment Financing (TIF) Districts.
Alderperson Dorothy Kowalski thanked Finance Director Kathy Cleven for the work she did in preparing the budget for the Council, which was followed by a round of applause by the Council and Mayor Denise Ruleau.
The Council also voted to implement a recommendation from the Finance and Insurance committee in Section 125 Flexible Spending Accounts for city employees. The accounts, which allow employees to set aside tax-free funds for medical expenses, can cause some people to lose money if they have few expenses during a particular year. The change, which allows employees to carry $500 in FSA funds from one year to the next and to have a two month grace period, is designed to give employees more opportunities to use or save those funds.
The Council also accepted a bid of $6,400 from the Dura Construction Company to demolish a house at 202 Lake Street. The 5:30 P.M. meeting adjourned after 25 minutes.
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