The Village of Marathon City has created a 2023 Budget Overview Document intended to provide citizens background on the 2023 General Fund Budget and key considerations for used to assemble the budget.
The Village increased the total tax levy for the Village by 6.29% as allowed by state statute. Based on increased assessed value of the Village in 2022, the mill rate for Marathon City is unchanged from 2021 at$7.42 per thousand of assessed value.
As an example, a home with an assessed value of $100,000 will pay $742 dollars in Village Taxes for 2022 (100,000/1000 = 100, 100*7.42 = $742). This is 3.59% less than the 2021 bill for the same $100,000 home.