5/20/13 - Good news for city of Brighton taxpayers: The overall millage rate is being reduced for the coming year. At last week's City Council meeting, the millage rate for the 2013-14 fiscal year was approved. While the operating millage totals 15.2734 mills, the same as the current year, the debt millage will be zero, a reduction of over three-fourths of a mill. The reason for the lower overall millage is expiration of the street millage last year. Last November, by a 125-vote margin city voters rejected a proposed replacement millage that would have totaled 1.12 mills. The 4.8% decrease in overall city taxes for the fiscal year starting July 1st translates to a $54 savings for a home with a market value of about $137,000 and a taxable value of half that, or $68,400. (TT)
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