Last Friday, Monroe County received its 2018 Budget Order from the state, which includes:
- The budgets for all taxing units (i.e., county, cities and towns, school districts, townships, public library, special units)
- The property tax levies and tax rates for all taxing units
- The property tax rates for each taxing district (i.e., the tax rates that actually affect each property owner)
The following table summarizes the total 2018 property tax rate (per $100 of net assessed value) for each taxing district in Monroe County, sorted from highest to lowest. I’ve also included the 2015-2017 tax rates for comparison.
I highlighted the taxing districts that are within incorporated municipalities in aqua.
The rates for most taxing districts went up, at least partially because the maximum civil levy statewide increased by 4% (this is sort of like a cost-of-living increase for local government operating funds), and because the County established a new Major Bridge Fund for 2018 (with a tax rate of $0.0333).
The two exceptions, in which the rates went down for 2018, were Bloomington Township (unincorporated) and Washington Township. This is because of the Northern Monroe Fire Territory, which first began in 2017. The first year’s tax rates of a new fire territory are typically the highest, both because the territory needs to collect more than it needs for the year in order to create an operating reserve, and because the local income tax (LIT) associated with the new property taxes of the fire territory doesn’t come in until the next year. Bloomington and Washington Township residents thus saw a large increase in property taxes for 2017 over 2016.
Because during the second year of the fire territory (a) the territory doesn’t need to collect extra for reserves and (b) the township providing fire services (Bloomington Township) receives additional LIT, the property tax rates for the second year can be reduced, and thus both Washington Township and Bloomington Township saw overall reductions in their 2018 property tax rates over 2017.