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Council signals support to raise over-65 property tax exemption to $30,000; ordinance to be drafted
Summary
Council members discussed increasing the city’s property-tax exemption for residents 65 and older from $25,000 to $30,000 and gave staff direction to draft an ordinance reflecting a $30,000 exemption for formal readings and later vote.
Decatur — Council members discussed raising the city property-tax exemption for residents aged 65 and older and directed staff to prepare an ordinance set at $30,000.
During discussion staff reviewed the current exemption ($25,000) and presented examples of levy effects under the voter-approval tax-rate scenario. Staff showed that increasing the exemption by $5,000 would reduce the city’s levy by an estimated amount presented in the packet (staff examples put the estimated levy loss in the mid five-figure range) and…
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