"Anytime the levy can go down, it is a good thing," said Supervisor Mary Crego, adding that the decrease in levy was partially due to paying off the town hall expansion and the increase in mortgage tax revenue.
Crego said the highway budget causes the increase in the overall levy due to the increase in the general cost of new vehicles, equipment, fuel and materials.
"General tax rates have gone down," Crego said.
With the proposed budget, property owners who reside outside the village will pay a tax rate of $4.81 per $1,000 in property value for both town ($1.94 per thousand) and highway funds ($2.87 per thousand). This is a decrease of 20 cents per thousand from last year. Property owners who reside within the village will pay a tax rate of $1.59 per $1,000 in property value, a decrease of 34 cents per thousand from last year. The overall tax rate for the town of Van Buren will decrease by 4.63 percent if approved.
"The budget was looking optimistic from day one," Crego said. "Our plan since the beginning was to keep (the tax rate) steady."
Total assessed value of the town is $541,823,916 compared with last year's $497,159,504.
Van Buren will hold a public hearing regarding the proposed budget at 7:30 p.m. tonight at the town hall.