Richmond approves property tax rate hike
RICHMOND – Richmond taxpayers can expect to see their property tax rate go up by 1.26 percent, the village clerk said.
The owner of a home valued at $150,000 with a homestead exemption would pay about $5 more to the village, which makes up a relatively small portion of the tax bill. School districts receive a majority of the levy.
The Richmond Village Board voted unanimously Thursday evening to levy $482,000 in property taxes for next year, about $22,000 more than last year. Some of that increase will come from growth, both from the few new buildings being built and improvements to existing structures.
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