The budget that was adopted in 2021 totaled $65.36 million and included a $39.72 million tax levy. Monroe officials will collect $40.36 million in taxes from Monroe’s residential and commercial property tax owners in 2022 to help fund the municipal budget. The average homeowner will continue to pay $1,623 in 2022 for the average home in Monroe assessed at $331,952.Ī higher assessed value of an individual’s home and/or property will yield a higher municipal property tax payment. The municipal tax rate remains the same as last year at $0.489 per $100 of assessed valuation. “Between the impacts of COVID-19, and some economic uncertainty, many residents have tightened their belts, and my job as mayor is to do the same to keep our community affordable,” he said, adding he has “painstakingly evaluated our balance sheet, our spending, our debt, and made the adjustments necessary to develop a responsible budget proposal that provides services but keeps municipal taxes flat.”
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