CROWN POINT - Town taxes are expected to decease in 2010 for Crown Point residents.
"Most everyone should see a tax decrease in 2010," Supervisor Dale French said.
The town board adopted the $1.7 million budget for next year Nov. 12.
The 2010 budget totals $1,723,450. That's an increase of $63,193 - 3.8 percent - from the current spending plan of $1,660,257.
The amount to be raised by local taxes in 2010 will be $1,022,868. That's an increase of $9,334 - less than 1 percent - from the present tax levy of $1,013,534.
The 2010 tax rate in Crown Point will be $8.92 per $1,000 of assessed value. That's a 6 percent decrease from the 2009 tax rate of $9.46. Residents without town water service will see their tax rates drop from $7.33 per $1,000 of assessed value to $6.92.
The tax rate will go from $9.46 to $8.92 or about a 6 percent decrease. Outside the water district the rate will go from $7.33 to $6.92 or again about 6 percent. Most everyone should see a tax decrease in 2010.
French noted the major increases in the 2010 budget are in retirement, which jumps $20,000, and employee health insurance, which jumped 15 percent.
The budget also includes raises of 2.5 percent for town employees, including elected officials.
Those increases are offset by sales tax revenue distributed by the county, the supervisor said. Starting in 2010 towns will get .25 percent of the county sales tax. That sales tax revenue is expected to total $56,000.
Crown Point will also benefit from a growth in assessments in 2010. The town tax base went from $123 million in 2009 to $133 million for next year.