August 20, 2019·Ranson Financial·1 min read

No citizens commented on the proposed 2020 budget for the city of South Hutchinson during a public hearing Monday night, and the council adopted the budget.

It relies on a mill levy of 43.5 mills, which City Clerk Denise McCue described as essentially flat. The current levy is 43.835 mills.

One mill generates $1 in tax revenue for every $1,000 in assessed valuation. The city’s new property tax rate on a house with a market value of $100,000 would result in an annual property tax bill of approximately $500.

Source: News – The Hutchinson NewsRead the full story ↗

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