Proposed budgets in the towns of New Castle and Harrison are within the state’s 2 percent tax levy cap.
Taxes in New Castle would rise nearly 3.25 percent if the Town Board adopts its proposed 2013 budget, according to a LoHud.com article by reporter Alex Weisler. Officials say residents would pay about 13 cents more per $1,000 of assessed property value.
“One of the reasons for that increase, if you look at our assessed valuation, it went down significantly. That’s what causes the rate to increase,” Town Comptroller Robert Deary said. “When you take the increase in the levy, and then the assessed valuation also goes down, it becomes a bigger calculation for each person.”
The town’s assessed value dropped by about 0.55 percent, or about $5.9 million, he said. To read a complete article on New Castle’s proposed budget, click here.
Harrison residents would see the town’s tax levy rise 2.6 percent to $42.7 million under the 2013 proposed budget, writes LoHud.com reporter Ned P. Rauch.
The proposed $56 million budget is up about $1.1 million from the current year. The tax rate will be an estimated $312.70 per $1,000 of assessed property value, up 2.7 percent. For Rauch’s complete article, click here. The proposed budget can be found on the Harrison town website here.