On a second reading Monday evening, Princeton City Council approved the 2023 property tax rates.
The approved rate is .1 cents per $100 of assessed value lower than last year’s rate. The new rate is 16.8 cents per $100 for real property assessment and 15.4 cents per $100 for taxable personal property.
Mayor Brock Thomas said taxpayers can save money if they pay their tax bills early.
Tax bills should be sent out in the coming weeks.
