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Council adopts 0.624 property tax rate and ratifies FY2026 budget
Summary
The council adopted a property tax rate of 0.624 per $100 assessed valuation and ratified that rate to support the fiscal year 2026 budget; staff and council clarified that the rate reflects recent valuation changes and that the adopted rate exceeds a state-calculated threshold.
The City Council approved a property tax rate of 0.624 per $100 of assessed valuation and ratified that rate to provide property-tax revenue for the fiscal year 2026 budget. Council members held a roll-call vote on the ordinance’s second and final reading after staff explained the proposed rate would increase total tax levies because property valuations rose about 5.96%; staff also noted that the proposed rate exceeds the state-calculated…
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