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LEBANON JUNCTION — City residents won’t see much of a change on their real and personal property tax bills this year.
In the midst of water and wastewater treatment increases, council members agreed they didn’t want to put an additional burden on taxpayers.
“I think with the water rates going up and with the other money coming in, we should keep them the same,” councilman Dion Collins said.
The council passed the rates at its September meeting.
Council members voted to maintain the personal property tax rate of 34 cents per $100 of assessed value, which generally applies to boats and vehicles.
The council slightly decreased the real property tax rate from 21.82 cents to 21.21 cents per $100 of assessed value. That will save a property owner with $100,000 of assessed value $6.10 on this year’s bill.
Real property taxes paid before Dec. 1 are eligible for a 2 percent discount.
The council also maintained last year’s tax rate for public service companies — which includes most utility providers — at 21.93 cents per $100 of assessed value.