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After Munis conversion, Newport adjusts tax rates; owner‑occupied rate falls to $7.18 per $1,000
Summary
City adjusted tax rates to correct valuations after switching to the Munis billing system: owner‑occupied rate drops to $7.18 per $1,000; non‑owner occupied to $8.69; commercial to $10.77. The change lowers the average owner‑occupied tax bill by about $66.
The council adopted a resolution to adjust fiscal 2026 tax rates after the city’s transition to the Munis billing system revealed an understated tangible valuation. Director of Finance Jim Nolan said the correction requires updating the tax roll submitted to the state and will slightly reduce tax rates for the city’s property categories.
Nolan said the owner‑occupied rate will decrease from $7.25 to $7.18 per $1,000 of assessed value; non‑owner occupied will move from $8.82 to $8.69; commercial from $10.88 to $10.77. He told the council the change will reduce the typical owner‑occupied property’s bill by roughly $66. Staff said the previously adopted budget — which included a 3.48% levy increase — remains in place; this action reallocates the tax burden across categories to align with corrected valuations.
Council members asked whether the new system is reliable; Nolan answered affirmatively and said the change is a technical correction to match the tax roll with Munis valuations.
The council approved the resolution by voice vote.
