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Bloomfield Council opts for lower property tax rate

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By Dennis George

Despite the outlook for some major expenses in the near future, the Bloomfield City Council voted to decrease the property tax rate for bills that will be mailed out soon.

The new rate at 32.3 cents per $100 of property will bring in $133,089, just a few hundred dollars more than the last fiscal year. This rate is referred to as the compensating rate, meaning the city will take in approximately the same revenues from last year. The slight increase is due to an increase in property values.


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