Geneva tax levy estimated at $6.5M
GENEVA – Geneva staff estimated the city’s 2012 tax levy to be $6.5 million, nearly a 4 percent increase, or $246,000 more than last year’s levy of $6.3 million.
City Administrator Mary McKittrick said the estimated levy is based on the city’s equalized assessed value, the consumer price index, which is 3 percent, and the estimated value of new growth, .43 percent.
“Here is the estimate is what we’re basically saying,” McKittrick. “We don’t know what that EAV is until next spring.”
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