Mandan City Commission approves preliminary budget with property tax increase | Mandan
Residents of Mandan could see a property tax increase next year after the city commission approved a preliminary budget estimating a $ 483,000 increase in property tax revenue.
The committee unanimously approved the 2022 preliminary budget on Tuesday.
The preliminary budget is $ 32.4 million with a general fund budget of $ 14 million. The 2021 budget is $ 33.7 million with a general fund budget of $ 13.5 million. The general city fund is largely funded by a combination of sales, property and other taxes.
The preliminary budget projects a total spending decrease of $ 1.3 million from the previous year, CFO Greg Welch said on Tuesday. Debt service payments and capital expenditures both declined, accounting for much of the decline.
A property valued at $ 275,000 that has not changed valuation will see a $ 25 increase in taxes, if the budget receives final approval. If that same property saw its value increase by 2.4%, which was the average Mandan home in 2021, the tax increase would be around $ 44. A home using eight units of water per month would see an annual increase in utility costs of $ 6.
The property tax increase will go to six new employees, including three full-time and three part-time, and increased operating and maintenance costs, among other expenses, Welch said Tuesday.