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Jefferson to see tax rate decrease

admin by admin
December 3, 2021
in Tax
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Build Back Better: Who pays for it, through tax increases – or not?

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According to information provided by the city following the Jefferson Common Council’s recent approval of the budget for the coming year, the tax levy will be $4,574,675, with 2022 spending in all funds coming to $16,823,605. This is compared to all-funds spending this year of $16,453,000.

“The city’s tax levy increased by approximately $60,000 or 1.3% from the current year’s tax levy. Approximately half of the increased tax levy supports the city’s capital improvement project schedule and the remaining half is utilized to fund programs, services and operations,” Jefferson City Administrator Tim Freitag said. “The tax levy results in a tax rate decrease of approximately 2% or 16 cents. The decrease in the city’s tax rate is largely attributable to an expanding city tax base, which increased at a significant rate.”
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