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New City Budget Means Higher Property Taxes for Marshalltown Residents

by KIX101.1 /1230 KFJB News Department posted Mar 25 2014 2:54PM
After last nights city council meeting city property taxes are being raised. In a split council vote the monthly property tax will increase to $0.58, as opposed to the other possible rate of $0.34. And according to Marshalltown Mayor Jim Lowrance, the increase is a necessary evil to make Marshalltown a better community.
“We need to think about the quality of life,” he says, “we can save $0.40 a month, but is that really worth the elimination of some services.”
City Administrator Randy Wetmore says that this tax on property is needed as funds from other parts of the budget will be tight.
“The city doesn’t have the ability to cut anymore basic materials and supplies within the General Fund.”
Mayor Lowrance urged the people on the council to think to the future and remember raising the property tax can only help improve the place we live.
“Do we want a complete community?”
With the questioned posed, he continues to say, “A community that has quality of life where people really want to come here and live.”
As a final push before the council took their vote he said, “For $.40 cents, all of that seems like a small price to pay.”  
When breaking the taxes down, Wetmore says some will pay a higher or lower amount on their property tax. For example, on an average home valued at $127,570- the city tax amount on a year basis will actually be $0.81a month, or $9.70 for the year. Again, Wetmore reminds us, that this is just for the average home valued at almost $128,000.

For an apporiate break down, you can find the information in a PDF on the City of Marshalltown's website. The PDF is labled as "Budget Hearing Memo." You will find the best information on pages 4-6 of the packet.

--By 1230 KFJB Reporter Katherine Fritcke
Filed Under :
Location : MarshalltownNew City
03/25/2014 2:46PM
New City Budget Means Higher Property Taxes for Marshalltown Residents
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