Truesdale aldermen approved a lower tax rate at its meeting last Wednesday.
The 2025 tax rate was set at .8890 cents per $100 of assessed value at the board’s meeting last Wednesday. No …
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you are a digital subscriber with an active subscription, or you are a print subscriber who had access to our previous wesbite, then you already have an account here. Just reset your password if you have not yet logged in to your account on this new site.
If you are a current print subscriber and did not have a user account on our previous website, you can set up a free website account by clicking here.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
Truesdale aldermen approved a lower tax rate at its meeting last Wednesday.
The 2025 tax rate was set at .8890 cents per $100 of assessed value at the board’s meeting last Wednesday. No one spoke at the city’s public hearing.
Truesdale’s assessed valuation is $25.1 million in real estate and $15.9 million in personal property, totaling slightly over $41 million. In comparison, the assessed value in 2024 was $31.2 million ($20.4 million in real estate and $10.8 million in personal property).
The 2025 tax levy is expected to generate $364,871.79 in revenue.
In the city’s public notice, officials noted that any figures used to determine this year’s tax rate do not include any revenue from the assessment of new construction. Based on info provided to the city, new construction and improvements are estimated to have $6.6 million in valuation, resulting in an additional revenue of $58,929.16, or 17% increase.
Truesdale’s tax rate in 2024 was .9494 per $100 of assessed value. That figure brought in slightly over $297,000 in taxes for the city.
