New Baltimore Approves Fiscal Budget

New Baltimore residents will pay slightly higher taxes this year due to a countywide college debt tax, according to the city's recently approved fiscal budget.

Although city officials reduced the community's portion of the millage this year—about a .03 difference for summer taxes—Macomb Community College's taxes translates into a small hike for residents, according to city officials.

The total millage for New Baltimore residents for the 2011 tax year is 40.97. That's factoring in the city's new summer tax rate of 35.02 and the projected 5.94 winter rate, treasurer Jeanne Bade said Tuesday.

"New Baltimore decreased their portion of the millage by .031 and Macomb Community College added a debt millage of .15, accounting for the difference in last year’s rate of 40.8538," Bade said.

That means for residents with houses with a taxable value of $100,000, 2011 property taxes would be:

• Summer: $3,502.32
• Winter estimate: $594.96
• Annual total:  $4,097.28.

Additionally, New Baltimore combined and reissued two street bonds to create a combined savings of more than $175,000 during the lifespan of the bonds.

2011 Millage Rates for New Baltimore Taxpayers*

Taxing Authority

Mills

%

City of New Baltimore

13.5959

33%

City Library

1.3446

3%

Macomb County

4.5735

11%

Anchor Bay School District Debt

10.0000

24%

State Education Tax

6.0000

15%

Macomb Int. School District

2.9430

7%

Macomb Community College

1.5712

4%

Huron Clinton Metropolitan

0.2146

1%

SMART/Zoo/Veterans Admin

0.7300

2%

Total Millage*

(*summer rate actual-winter rate estimated)

40.9728

The above represents Principal Residence Exemption (Homestead) properties only. Commercial and Industrial Properties are taxed an additional 18 mills yearly for Anchor Bay School District operations, according to the city.