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Lake Havasu City holds tax rate flat, adopts final FY 2025–26 budget as assessed values increase
Summary
The Lake Havasu City Council adopted the final fiscal year 2025–26 budget and held the city property tax rate steady; higher assessed valuations mean the city will collect roughly $430,000 more next year, officials said.
The Lake Havasu City Council on June 24 adopted the city’s final fiscal year 2025–26 budget and reaffirmed a property-tax levy that keeps the tax rate unchanged while collecting more revenue because assessed values rose.
City finance staff said the levy rate will remain the same but the county’s increased assessed values will produce about $430,000 in additional revenue next year, of which $116,000 is attributable to new construction. “This item is required by state law to hold this truth in taxation hearing anytime that we…
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