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Cary takes new growth, to see slight increase in property tax levy extension
Updated 12/18/2020 1:32 PM The village of Cary s property tax levy is set to rise less than a percentage point to about $2,540,400, the village board decided Tuesday evening. This represents an $8,190, or 0.32% increase, from last year s levy of $2,532,210.
Mayor Mark Kownick emphasized the village doesn t take these types of increases lightly, adding the $8,190 in new growth will not have a negative impact on homeowners. The increase is designed to collect the same level of taxes on new construction for example, a new subdivision or an addition on a home that is levied on existing property value. ....