The city’s property tax rate of about 109 mills would continue into 2014 if approved by the City Council, according to the Finance Director Maureen Storstad.
A mill is equal to a 10th of a cent and is used to determine property taxes. Under the proposed mill rate, the owner of a $100,000 home would pay $494 a year in property taxes to the city.
An increase in state aid allowed the city to continue its current mill rate, Storstad said.
The 2014 budget also does not include property tax relief approved by the state Legislature this year, which means residents could see a drop in their tax bills.
In all, the city’s budget totals about $34.7 million — about 5 percent more than the 2013 budget.