Marion council passes 2019 budget with no tax increase

Taxes will remain the same for Marion County residents.

With no discussion from the public or amongst council members, the Marion City Council unanimously approved its 2019 budget during a short council meeting Monday afternoon.

The budget won’t have much of an effect on residents as the tax rate will remain the same from the previous fiscal year. The property tax rate will remain at 71.079 mills, or $817.41 in taxes on a home appraised at $100,000. This means an annual city property tax of $8.17 for every $1,000 in appraised value for a home.

More than half of the city residents’ tax dollars will be used to fund the city’s police department. The police department has a budget of $331,827, which accounts for 58 percent of all taxes levied.

The city’s deficit is expected to reach $2.99 million by the end of 2019. This would be a 30 percent reduction since 2015, when the deficit was at $4.32 million.

How to calculate your property tax:

First, you take 11.5 percent of the appraised value of the home. This is the assessed value–the part that is actually taxed. For a home appraised at $100,000, this would equal $11,500. The property tax will be taken from the $11,500 in assessed value.

One mill equals $1 per $1,000. For the City of Marion, which has a mill levy of 71.079, this would equal roughly $71 per $1,000 in assessed value.

To calculate the final number–the number you will actually have to pay each year in property taxes – will take a couple steps. First, you will multiply the assessed value by the total mill levy. For a $100,000 appraised home in the City of Marion, multiply $11,500 by 71.079. This equals 817,408.5. Then you will take that number and divide it by 1,000 to find the final property tax. In this case, $817.41. So, a citizen of the City of Marion who owns a home appraised at $100,000 will pay $817.41 in property taxes annually.

In other July 30 news, the council:

◼ Approved a $19,681.51 invoice from USD 408 for municipal pool operations. The city owns the municipal pool, while USD 408 operates the pool. It is also used by the Tabor College swim team.

◼ Declined to renew its contract for promotional commercials with KPTS public television until its original contract is met.