The Utica Village Board adopted a tax levy of $91,191, which was just less than the 5% limit allowed without a hearing under the Truth in Taxation Act.
Utica will boost its tax flow while also giving villagers a small rate cut. The upshot for Utica residents is the tax rate will slide by about 2 cents.
Mayor David Stewart last year paid the village about $110 in taxes – on a total tax bill of $4,246. If the projection holds, and if Stewart’s home value stays the same, he would pay $107 next spring.
Despite the tax rate decrease, property owners still may pay more on their tax bills if their property values are assessed higher.