Superior taxpayers will be paying more for local government when the bills arrive mid-December.
While the tax rate will drop for city services, Wisconsin Indianhead Technical College and the state, county government and the Superior school district account for about a 3 percent increase in the tax rate this year, said Superior Finance Director Jean Vito. She said the numbers are still preliminary as the city waits for information about this year's school tax credit.
The preliminary mill rate is expected to be around $22.19, costing the owner of $100,000 home about $25 more in property taxes when the bills arrive in mid-December.
It's the first upward swing in property taxes since 2010. Over the last two years, property taxes dropped slightly as a result of levy limits placed on local government by the state Legislature.
This year's tax increase is the result of county borrowing to pay off its unfunded pension liability to the Wisconsin Retirement System, and the school district facing a loss of funding because it fell 0.4 percentage points below the state's definition of a high poverty district.
