In a recent government meeting, officials presented the assessed valuation for Grama Valley, revealing a total of $559,290,858 for the year, a decrease of $8,154,000 from the previous year's valuation of $567,445,737. The breakdown of this year's valuation includes residential properties valued at $414,806,702, agriculture at $2,386,545, commercial properties at $58,137,247, and personal property at $83,960,000.

The proposed operating levy for this year is set at $3.43.82, reflecting a 65-cent increase from last year's approved rate of $2.7882. This increase was sanctioned by voters, with the actual impact on the total levy being a net rise of only 25 cents due to a corresponding decrease in the debt service levy, which dropped from $1.70 to $1.30.

The total proposed tax rate for this year stands at $4.7382, up from $4.4882 in 2023. This increase is attributed to the approved operating levy increase, while the debt service reduction offsets part of the overall rise. Additionally, the meeting highlighted that new construction in the city has generated $5,638,000 in value, contributing $193,847 in new revenue. However, the district faced a loss of $421,222 from reassessment, leading to an overall revenue decline of $227,000 compared to last year.

Officials concluded the presentation by inviting questions and comments from attendees, emphasizing the importance of community engagement in the decision-making process regarding tax rates and valuations.