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Silver Lake City Council approves .3% levy increase

The Silver Lake City Council held its annual Truth in Taxation hearing in conjunction with its regular meeting Monday.  
 
The hearing is required by state law to give tax payers the opportunity to ask questions about the proposed tax levy.
 
The final approved 2016 property tax levy was  $473,592, a $1,622 or .3 percent increase over 2015. The levy includes $405,000 for the general fund and $68,592 for debt service.
 
The preliminary tax levy was approved with a 2 percent increase, which is reflected on the truth in taxation statements residents received. Taxpayers will see a slight reduction from the statement they received.
 
The city has seen an increase in property values in the city as well, which contributes to a higher tax base.
 
For more see the Dec. 23 print edition of The Chronicle.