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City proposes FY26 property tax rate of $0.1018 per $100; dollar levy unchanged from FY25
Summary
City staff told the council the proposed primary property tax rate for fiscal year 2026 is $0.1018 per $100 of assessed value, estimated to generate $394,973; staff said the total dollar levy will remain the same as FY25 and the city is not required to publish truth-in-taxation notices.
Jen, a city staff member, told the City Council that “for FY ’26, the rate proposed is 0.1018 per 100 of assessed value, which will generate an estimated $394,973 for the fiscal year.” She said the proposed change reflects higher assessed valuation and that the actual dollar amount paid by property owners in FY26 will be the same as in FY25.…
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