City property owners can expect lower tax bills
City of Hudson property owners will see an actual reduction in real estate taxes this year.
The net 2005 mill rate for all taxing districts supported by city property owners will be $21.828 per $1,000 of assessed value, according to preliminary figures presented at Monday night's City Council meeting.
That is 95.6 cents less than the 2004 total net mill rate of $22.784 per $1,000.
The property tax bills issued each December are payable the following year. Municipalities, school districts, counties, vocational schools and the state use the revenue to help fund the following year's operations.
Driving the decrease in the net mill rate for city property tax payers will be an estimated $1.05 drop in the Hudson school district's mill rate.
The city's 2005 mill rate is $5.85 per $1,000, the same as it has been each year since 2002.
For the full story, see page 15A of the Nov. 10 Star-Observer