Humboldt keeps tax rate the same

In approving the mill levy, council members raised the city’s Revenue Neutral Rate — the amount raised the previous year from property taxes.

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Local News

September 14, 2022 - 3:44 PM

Photo by Pixabay.com

HUMBOLDT — City council members kept Humboldt’s mill levy the same as for 2022 in approving their 2023 budget on Monday evening. That 93.56 levy will raise an additional $103,000 for the city due to the increased value in the city’s properties. The city generates about $1 million for its general fund through property taxes. 

In approving the mill levy, council members raised the city’s Revenue Neutral Rate — the amount raised the previous year from property taxes.

To match the same amount of tax revenue as accrued for the 2022 budget, city leaders would…

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