Council Reviews Compensating Rates; Trash Fee Rises by $9
Council reviewed NKADD compensating rates—real property $1.27 per $1,000 and tangible property $1.38 per $1,000—and noted a trash fee of $254.40, a $9 increase over last year; City Attorney Brandon Voelker explained the compensating rate preserves prior-year revenue.
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Council reviewed property tax compensating rates provided by NKADD and discussed the city's trash fee. The real property compensating rate was listed as $1.27 per $1,000 of assessed value and the tangible property rate as $1.38 per $1,000. The residential trash fee was reported at $254.40, a $9.00 increase from the previous year.
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