Good news for Lake Geneva Taxpayers

Recent information from the Wisconsin Department of Revenue
indicates that the Lake Geneva city’s tax rate for the 2008 budget will drop to
$5.28 per $1,000 of assessed value; property owners will be happy to hear that
the initially proposed amount of $5.40 was not the final amount decided on in
the budget. Although this is only one of
five taxing districts property owners will see on their bills, it is a small
relief to what it could have been. According
to a recent Lake Geneva Regional News online article, the drop in the proposed tax
rate is due to assessed valuation increasing rather than a decrease in
spending.