Edwardsville to vote on 2014 tax levy

News-DemocratDecember 16, 2013 

The city council will vote Tuesday on the levy for 2014, which increases slightly from last year.

The levy approved by the finance committee was $9,041,043, a 4.8 percent increase over last year's $8,623,925 or $417,118 in additional funds.

City treasurer Rich Hampton said the increase is largely due to "areas out of our control," such as mandated requirements for police and firefighter pensions, an increase in the city's liability fund, and a 4-percent increase in the library fund after two years without an increase.

Hampton said the city projects a 1-percent increase in property values. "That's what we had last year," he said. Property values in Edwardsville increased 1.04 percent last year, including development projects such as the Enclave student housing developments.

With that projected increase, residents can expect a 6-cent increase in the tax rate, from $1.48 per $100 of equalized assessed value to $1.54. For the owner of a $100,000 home, that's about $20 per year in additional property tax.

The council must vote on the levy on Tuesday, as it is the last meeting before the end of the year and the levy must be turned in by then, Hampton said.

Contact reporter Elizabeth Donald at edonald@bnd.com or 239-2507.

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