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Council adopts 2025 property tax levy; finance director says assessed valuation rose 5.3%
Summary
City finance staff reported a 5.3% assessed-valuation increase for 2025 and used Hancock Amendment limits to calculate levy rates; council adopted the 2025 tax levy ordinance (Bill 25-172) with an emergency clause by a 9-0 vote.
The City Council adopted its 2025 property tax levy ordinance after a public hearing in which Finance Director Brianna Bericher reviewed the assessment process, valuation trends and statutory limits that shaped the city’s levy calculations.
Bericher said the city received final assessed valuations from Jackson County on Sept. 2 and that total assessed valuation rose 5.3% from 2024 to nearly $3.5 billion. She explained the Hancock Amendment’s levy-limit…
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