Beaver Dam Finance Director Estimates Two-Percent Tax Bill Increase

(Beaver Dam) Property tax bills will be arriving in mailboxes in coming weeks. In Beaver Dam, the budget adopted last week has a lower mill rate but that does not necessarily mean that the city portion of that tax bill will be lower than last year. The 2019 budget itself totals $16.5-million-dollars and includes a tax levy of $10.56-million dollars, an increase of $231-thousand dollars from the 2018 budget. The mill rate is $9.95-per one-thousand dollars of assessed value, a decrease of 14-cents. Equalized values are up in Beaver Dam by over three-percent. City Finance Director John Somers says just because equalized property values are up and the mill rate is down, does not mean that you will automatically see a decrease on your tax bill as the levy drives the increase. Somers says if the value on your home increases with the average, then there will be an approximately two-percent increase on the city portion of your tax bill. Property values are adjusted in the city every year. One-quarter of the city is physically inspected while the remaining three-quarters are adjusted based on sales data that assessors receive from the state.