Holley village budget raises tax rate
HOLLEY – Village property owners will pay 3.2 percent more in village taxes this fiscal year, and the tax rate will climb from 60 cents to $13.94 per $1,000 of assessed property.
The village will collect $728,339 in taxes to support the general fund – the village office, department of public works, fire department and police. That’s up from the $705,656 in 2012-13. The village fiscal year begins June 1.
The tax rate will increase 4.5 percent from $13.34 to $13.94. The rate exceeded the tax levy growth because Holley, like the villages of Albion and Medina, is seeing its assessed value decrease. Holley’s overall value dropped nearly $700,000 from $52,904,663 to $52,251,478. The shrinking assessments mean there is less assessed value to spread out the tax levy, which puts more strain on property owners.
Mayor John Kenney is optimistic the situation will improve in Holley. The village has received a $250,000 Main Street grant from the state to provide matching funds for building improvements in the Public Square.
Holley also has a grant to identify ways to improve brownfield sites, underutilized properties that are either contaminated or suffer from that stigma. The Brownfield Opportunity Area steering committee will meet 7 p.m. June 6 at the Community Free Library.
“These grants will have a positive impact on our village,” Kenney said.