Budget includes an average 3 percent hike
Jay’s residents will pay an average of 3 percent more this year in property taxes after the Jay Town Council approved both the rolled-back millage rate and the Fiscal Year (FY) 2023-2024 budget at its meeting Monday night.
The town of Jay’s gross taxable value for operating purposes has been certified at $54,183,005.
The FY 2023-2024 operating millage rate is 3.8 mills, which is greater than the rolled back rate of 3.6755 mills by 3.387 percent.
Jay Utilities Manager Eric Seib said the average homeowner will pay an average of 3 percent more on his property across the board due to increased ove...
