November 2012
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The editor is John Ryan at email: perugazette@gmail.com. The Peru Gazette is a free community, education and information website. It is non-commercial and does not accept paid advertising.

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The Peru Gazette welcomes comments on posted stories. The author MUST include his/her first and last name. No  foul or libelous language permitted. The Peru Gazette reserves the right to not publish a comment.

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Peru’s water tax rates to increase by 82 percent – General and highway rates to increase only slightly

By John T. Ryan

Counselors approved the Town of Peru 2013 budget at a November 15, 2012 Special Town Board meeting. Water users will be subject to an 82% tax increase with rates increasing from $1.71 to $3.10 per thousand dollars of assessed value.  The cost of the town’s ongoing $3.2 million water system improvement project is the major reason for the tax increase. Annual interest on the $3.65 million bond totals $176,868. Combined with previous borrowing, the water system’s annual interest payments total $238,924.

A water user with a home assessed at $100,000 will pay water taxes of $310.00 plus metered usage charges.  Water users with a $200,000 house will pay taxes of $620.00 plus metered usage charges. A homeowner with a $300,000 home will pay $930.00 plus metered usage charges. Assuming an average home has metered charges of $400 annually, water costs will total approximately $710.00 annually for a $100,000 home, $1020.00 for a $200,000 home and $1,330.00 for a $300,000 home.

The general budget tax rate will increase from $1.91 per M to $1.93 per M. The highway department tax rate will increase from $2.35 to $2.37.

Counselors Jim Douglass, Susan Polhemus, Kregg Bruno and Supervisor Peter Glushko voted in favor of the budget. Counselor Brandy McDonald was excused and was not present.

Click here to review 2013 Preliminary and Final  Town Budget

Click here to review the historical Peru tax rates