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Norwalk City council approves property tax levy, keeps overall rate at 14.88 per $1,000
Summary
Norwalk City Council approved a resolution at a special meeting to maintain the city's combined property-tax rate at 14.88 per $1,000, adjusting levy components for general operations, insurance, employee-benefit levies and debt service. Staff warned homeowners that rising property-insurance costs can still increase mortgage escrow payments.
Norwalk City Council voted to approve a resolution keeping the city's combined property-tax levy at 14.88 per $1,000 during a special meeting and public hearing.
Jean, the staff presenter, said the city is "maintaining the the rate at 14.88 per thousand." She told the council that the change reflects statutory requirements from House File 718 and an intentional decision by staff to include the debt-service levy in the public presentation to reduce confusion.
Jean outlined how the levy is distributed: the general-fund rate falls by about 22 cents; liability and property-insurance levies rise by…
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