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NEW ULM The City of New Ulm will see a 4.68% increase on the property tax levy in 2021, but with an increase to the city’s tax capacity, some residents could see a slight decrease.
The New Ulm City Council unanimously approved the final 2021 budget on Tuesday. The final budget is $21,729,970, with a property tax levy of $8,266,209.
During the Dec. 1 truth in taxation meeting, the council had $15,000 removed from the training budget in the preliminary levy and $5,500 was added to the Concord Singers.
With the changes in place, the gross property tax levy is $8,266,209, representing an increase of $369,484 or 4.68% from the 2020 gross property tax levy. ....

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