Westminster’s approved 2023 budget keeps property tax rate consistent

After months of work sessions, the Westminster mayor and Common Council’s recently approved 2023 fiscal plans for the city include a capital budget of $47.6 million and a total operating budget of $32.5 million. The approved budget contains no increase in the real property tax rate for the 10th consecutive year. The city will maintain a tax rate of 56 cents per $100 of assessed value. Expected increases in property values means the city stands to collect more in fiscal 2023 from that tax rate, as the constant yield rate was set at 54 cents per $100 of assessed value.