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LEBANON JUNCTION - A significant decrease in Lebanon Junction property values means higher taxes for local residents.
Faced with a $2.2 million drop in property values from last year, the Lebanon Junction City Council recently voted to increase the city’s property tax rate from 21.10 to 21.713 cents on each $100 of assessed value.
Under the 2012 property tax rate a Lebanon Junction resident who owns a home worth $100,000 will pay $217 in city property taxes, $6 more than last year.
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