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RATE OF TAXATION FOR CITY WILL BE HIGHER THAN EVER

Sleepy Eye Also Gets

Raise But Springfield

Has A Reduction.

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COUNTY RATES SHOW A SLIGHT DECREASE

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Township Rates Range From 30 Mills As High

As 65.3 Mills.

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Tax payers of New Ulm who had hoped for a reduction of their taxes which become due January 1, 1926, will be disappointed when they learn shows the rate for the city of New with 52.4 mills for the preceding year. Taxes coming due and payable after January 1, 1926, may be approximately 25 per cent higher than the preceding year. It will be of interest to know that the rate of taxation for Sleepy Eye has been increased from 84.7 mills to 88 mills. Springfield on the other hand will experience a reduction, the rate of taxation during 1925 being 90.8 mills and the rate for taxes becoming, due January 1,1926, is set at 85.8 mills. New Ulm’s rate of taxation becoming due January 1 includes 33.2 mills for municipal purposes; 1 mill school tax; 12 mills special school tax; 9.1 mills for county purposes and 7.7 mills for state purposes. With the exception of the county rate which shows a reduction of about 1 mill, the rate of taxation is higher than the rate of last year. There is an increase of 15.6 mills of which 11.8 mills can be charged to the increased levy for municipal purposes, 1 mill for school purposes, 2.7 mills for state loans and 1.8 mills for state purposes.

State Rates

The state tax rate for 1925 is made up of the following items: state revenue 6.42 mills; state schools 1.23 mills, and teacher’s retirement fund. 05 mills a total of 7.7 mills. The tax rate for revenue purposes shows an increase of more than two mills over the rate of last year.

County Taxes Less

There is a slight reduction in the rate of taxation for county purposes. The rate for last year amounted to 10.02 mills while the rate for the taxes becoming due after the first of January amounts to 9.1 mills. The rate for revenue purposes last year was 4.5 mills and for 1925 it is 2.4 mills. For the pod: fund, the rate last year was .6 mills and this year it has been increased to 1.2 mills. Last year 4.7 mills was paid for road and bridge purposes and this year it is the same. A rate of.4 mills for ditches shows an increase of 15 mills over the rate of last year and the rate for refunding this year is .7 mills less than the previous year, the figure then being 4.7 mills.

In Townships

The town of Milford has the lowest rate of taxation in the whole county, it being less than 80 mills in every school district. District 64 in the town of Burnstown has the highest rate of any rural district in the county,65.3 mills. District the rate being 24 in Stark township is next highest with a rate of 61.8 mills. Other districts range as low as 26.3 mills, many have a rate of 28.2 mills and rates amount on up to vary from that 65.3 mills.

Should the assessed valuation of personal and real property for New Ulm be the same as last year, the taxes will be appreciably higher. If the assessed valuation be less, the increase in taxes will not be so great as is foreshadowed at this time.

New Ulm Review,

December 2, 1925

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