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Urbana council approves tax-levy estimate for fiscal year 2024–25, keeping city rate unchanged
Summary
City council approved resolution 2024-11-073R estimating the tax levy for fiscal year 2024–25 and reiterated that the city is maintaining the same tax rate although individual taxpayers may see changes due to other taxing bodies or assessment changes.
Council member Chris Evans moved and Chandra (second) moved that the council approve resolution number 2024-11-073R, estimating the tax levy for fiscal year 2024–25. Council took a roll-call vote and approved the resolution unanimously.
Council member Grace clarified the effect: the city is keeping its tax rate the same; any individual property owner who sees a tax increase may be influenced by changes in assessed values or decisions by other taxing bodies, not by a city rate increase. The resolution is a routine annual procedural step that sets the estimated levy for budgeting and statutory notice purposes.
Staff will file the estimate and proceed with the administrative steps required under state law for levy notification and final levy adoption during the statutory budget cycle.
