Hales Corners - Hales Corners' tax levy for 2017 will increase just 1.09 percent from last year's levy, resulting in a new tax rate of $7.88 per $1,000 of assessed valuation.
The general fund tax levy will increase from $5.21 million to $5.27 million, adding almost $57,000. The general fund budget experienced a slight increase as well, from $8.18 million in 2016 to $8.20 million in 2017.
The new budget will maintain the current operations of the village without adding any new staff members or giving any salary increases. The slight increase, according to village administrator Sandy Kulik, is mostly due to increases in the cost for health insurance and a small increase in debt service payments.
As this year is a reassessment year, the change in the tax levy will affect each homeowner differently, as property values decreased overall in the village. The total value of residential property decreased around $30 million.
However, Hales Corners did experience a significant growth in commercial property, adding in approximately $11 million in total commercial property, a sign of commercial growth in the village.