The Vanleer Board of Aldermen approved a 2013-14 budget Monday night that could see most residents’ property taxes actually decrease slightly. The five-member board unanimously voted to set the town’s new property tax rate at an even 7 cents per $100 of assessed value, which is less than the state-certified tax rate following the countywide reappraisal program. The town’s previous tax rate was 6.84 cents, but with property values declining over the last six years, the state determined it would take a rate of 7.06 cents to generate the same amount of tax dollars for the new budget. Vanleer Recorder Mike Powell said Monday night that setting the rate at 7 cents will result in a projected loss of about $30 in revenue for the town. The 7-cent rate means a home appraised at $100,000 will pay annual property taxes of $17.50, which is 15 cents less than at the 7.06 rate. The previous rate of 6.84 cents produced a tax bill of $17.10; however, with most property values declining during the reappraisal, most residents likely will see an overall reduction in their tax bills. The new general fund budget includes $35,000 for a first responder truck for the Vanleer Volunteer Fire Department. The new Vanleer Water Department budget includes the purchase of a new truck, the replacement of all the water meters in the system, upgrading water lines along Highway 49 to Sylvia Road and a couple of smaller water line extensions. The budget and new tax rate will be presented for a public hearing and second and final vote at the board’s Aug. 26 meeting.