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Nevada City Council holds public hearing on proposed 2025–26 property tax levy
Summary
City staff explained why a mailed notice showing a roughly 12.6% change can be misleading, reviewed rollback and exemption changes, and invited public questions; no formal vote was taken at the hearing.
Nevada City Council held a public hearing on the proposed property tax levy for fiscal year 2025–26 on March 24, 2025, during which staff walked the council through a mailed notice showing a roughly 12.56% change and explained why that figure can be misleading.
At the hearing, a staff presenter identified as Karen explained that the 12.56% figure in the published notice reflects a comparison that used different valuation assumptions (the example used a $110,000 valuation for the proposed year versus $100,000 for the current year), and that the notice did not show all levies that appear on a taxpayer’s full bill. Karen told the council the city’s current levy rate on the notice was listed at 14.614 and the proposed city rate at 14.60948 — a small net decrease in the city rate itself.
The presentation covered technical points that affect taxable amounts: the difference between assessed valuation and taxable valuation, annual "rollback" factors set by the state, and recent changes that affect certain exemptions. Karen used example properties pulled from the Beacon assessor site to illustrate how a property’s assessed value can rise in a reassessment year while taxable value moves differently because of rollback adjustments. She also noted recent and proposed changes to exemptions including the senior property tax exemption (noting a current exemption of $3,250 and a proposed increase to $6,500 in FY26 in the examples shown) and adjustments to a military exemption used in staff examples.
Karen told the council the public hearing was part of the statutory process required by House File 718 and that this meeting provided opportunity for questions about the proposed levy and the notices Story County mailed. She said the formal budget adoption hearing will be set at the regular council meeting on April 14, 2025, when the council will consider the full FY2025–26 budget for adoption.
No members of the public registered to speak, and no formal council vote on the levy was taken at this hearing; the item remained informational and procedural in preparation for the April budget adoption process.
The council cleared other business after the hearing and moved on to the regular meeting agenda.
