Waterloo village residents will see a 3.9% hike in their property taxes under the newly approved 2025-26 budget, according to the Finger Lakes Times.
The tax levy will increase to $3.28 million, raising the rate to $20.50 per $1,000 of assessed value.
The $5.02 million budget, nearly 10% higher than last year’s, largely funds street repairs backed by state CHIPs funding.
Additional allocations include $100,000 for drainage upgrades and $45,000 for consulting work tied to a $10 million downtown revitalization grant.
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