An increase in ratables and use of surplus funds has led to a slight decrease in the proposed Margate municipal tax rate for 2013.
For the average assessment of $507,666, the proposed rate means an annual municipal tax bill of about $3,053, about $2.89 less than last year, City Clerk Tom Hiltner said.
The total general budget would be about $30.7 million, while the tax levy would increase by about $57,400, or about a quarter of a percent, to just more than $21 million.
While the budget is increasing, $750,000 of that is the first part of FEMA emergency funds listed as revenue and appropriation. The city will receive $3.75 million over five years.
The municipal tax rate would rise to about 60.14 cents per $100 of assessed value, or about $601 per $100,000, compared with about 60.2 cents per $100 in 2012.
The rate does not include school, county and other types of property taxes.
A hearing on the proposed budget will take place at 5 p.m. Thursday at the Margate Union Avenue School.
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