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Lakewood staff recommend 1% property tax increase for 2026; council questions budget implications
Summary
Deputy City Manager Todd Krause recommended the council implement the state-authorized 1% property-tax increase for 2026 and said the average homeowner's annual city share would rise by modest dollars under the projected levy. Council members asked questions about the calculation and long-term fiscal effects.
Deputy City Manager Todd Krause told the Lakewood City Council on Oct. 20 that the city is authorized under state law to increase its 2026 property tax levy by 1% and that staff recommends the council implement that increase.
Krause said assessed value in the city had increased by "just under 360,000 or 3%"…
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