AUDUBON — Thanks to a large increase in property valuations, city of Audubon residents will see a reduction in their city tax levy.
The Audubon City Council went through the city budget on Monday night, giving new council members a first glance at the different departments in the city and some changes that will be coming up.
A positive note for Audubon residents: The current levy of $22.72 per $1,000 will drop to $21.24 per $1,000, according to Audubon City Clerk Joe Foran.
Foran said the increase in valuation was a significant change, up about $9 million.
While the council is holding a public hearing on Feb. 10 at 5:30 p.m. on the property tax levy, City Clerk Joe Foran said that hearing could be confusing since it lists a different tax levy amount.
He explained that due to changes in state law, and in the interest of being transparent, that hearing would be held first, and the date for a second hearing with the city’s total levy rate will be set at the council’s next meeting.
The levy rate for the Feb. 10 hearing, Foran said, did not include all of the levies that are part of the final levy amount, for example, it doesn’t include the city’s levy for debt service.
Over all, though, Foran said, being able to drop the levy rate thanks to valuation increases was good for the community.