DeKalb property tax levy hearing set for Monday
DeKALB – The residents of DeKalb will be able to sound off Monday on how much of their property taxes should pay for the city’s pension costs.
A public hearing on the property tax levy is scheduled for Monday, with final action on the levy to be taken at the council’s Dec. 10 meeting. The hearing will start at 7 p.m. at City Hall, 200 S. Fourth St.
The DeKalb City Council voted Nov. 13 to cap its property tax levy at $9.67 million, meaning any dollar amount below that is fair game. The revenue collected will be used in the city’s fiscal 2014 budget, which begins in June 2013. If the city received the full amount of its levy request, a property owner would pay 79 cents for each $100 for their property’s equalized assessed value.
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