Village of Colon
Notice of Public Hearing on Increasing Property Taxes
The Council of the Village of Colon will hold a public hearing on a proposed increase of 0.0948 mills in the operating tax millage rate to be levied on property in 2017.
The hearing will be held on Tuesday, May 9th, 2017 at 7:00 PM at Colon Village Hall, 110 North Blackstone Avenue Colon, MI 49040.
The date and location of the meeting to take action on the proposed additional millage will be announced at this public meeting.
If adopted, the proposed additional millage will increase operating revenues from ad valorem property taxes 0.87% over such revenues generated by levies permitted without holding a hearing. If the proposed additional millage rate is not approved, the operating revenue will increase by 2.32% over the preceding year’s operating revenue.
The taxing unit publishing this notice has complete authority to establish the number of mills to be levied from within its authorized millage rate.