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Lake Havasu City council adopts FY 2019–20 property tax levies and special-improvement district rates
Summary
Council adopted a series of resolutions setting the city general fund property tax rate at $6.6718 per $100 assessed value and approved rates for two improvement districts and the irrigation and drainage district; council recorded unanimous 6–0 votes on each levy adoption.
The Lake Havasu City Council adopted several resolutions on July 9 establishing property tax levies for fiscal year 2019–20, including the general fund levy, two improvement-district levies and the irrigation and drainage district levy.
Ms. Olsen, a city staff presenter, told the council the general-fund levy rate for fiscal 2019–20 "will remain the same as it was for fiscal year 2018–19," and that assessed valuation increases and new construction will raise total property-tax revenue even though the rate is…
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