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Michaels, council cut Fulton taxes for first time in decade

FULTON — Property taxes in Fulton are set to decrease, albeit marginally, for the first time in nearly a decade following the approval this week of the city’s 2021 budget. The $16.9 million spending plan carries a tax rate of $20.47 per $1,000 of assessed value, down less than 1 percent from the $20.50 per $1,000 of the city’s past three budget years. Under the plan, a property valued at $100,000 would pay $2,047, down from $2,050 in recent years, and provide a savings of about $2 to $3 on city property tax bills. The slight tax decrease comes after Fulton officials held tax rates steady the past four years, with the last property tax hike increasing rates by a little more than 4 percent in 2016. City officials said the earliest versions of the 2021 budget carried a double-digit tax increase, which was slashed over the course of at least a half-dozen meetings to the current tax cut.

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