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Sierra Vista staff proposes flat property tax levy for FY26 at 0.1018 per $100
Summary
City staff presented a proposed FY26 property tax rate of $0.1018 per $100 of assessed value that would generate an estimated $394,973; council was told the rate is lower because overall assessed value rose and no additional truth-in-taxation notice is required.
City staff presented a proposed property tax levy for fiscal year 2026, recommending a rate of $0.1018 per $100 of assessed value that would generate an estimated $394,973 for the year.
Jen, a city staff member who presented the levy, said the rate is lower than last year because the total assessed value of property increased: "for FY '26, the rate is proposed at 0.1018 per $100 of assessed value, which will generate an estimated $394,973 for this fiscal year." She told the council the city is not required to publish a Truth in Taxation notice for this proposed rate.
The presentation noted the overall increase in revenue from the prior year is attributable to new construction. Council members did not take a final vote at the meeting; the item was presented for council discussion and inclusion on the upcoming agenda.
City staff said the public hearing on the levy was held July 24 in accordance with state statute. No additional legal citations or changes to the proposed rate were announced at the meeting.
Council members asked no substantive follow-up questions during the presentation; the item was scheduled to be considered on the council agenda later in the week.
