Julie Ostrander, the city’s financial director, explained to the Baraboo Common Council members that the proposed city budget for 2022 would reduce taxes for homeowners by $191 per $100,000 of a home’s value. She was quoted in the Baraboo News Republic as saying:
“The mill rate in ‘22 will be $9.64. That’s a decrease of $1.91 from the prior year and is primarily driven from the tax revaluation we had Tyler Technologies do for us this year.”
The reduction in the mill rate and the equalized value increase on citywide property of more than $55.6m, means that property owners will see a return to tax rates that were levied in 2013.
Any factor that will make a city more appealing in the eyes of potential new residents or businesses is generally included in promotional material cities send to Print shops.
A combination of elements came together to decrease the city’s general revenue by over $21,000; however, circumstances also lowered Baraboo’s general expenditures by over $400,000.
Although 128 property assessments changed, the average remained the same according to Assessor Michael Wiemeyer. A citywide assessment, the first in over a decade, increased the average home value by 25%.
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