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DeKalb manager recommends $8.98 million levy to hold city tax rate steady; council signals support
Summary
City Manager Nicholas recommended an $8,979,039 property tax levy intended to hold the City of DeKalb's tax rate roughly unchanged for 2025; council discussion focused on the levy's role funding police and fire pension obligations and the effect of rising property values on taxpayers.
City Manager Nicholas presented the City of DeKalb's annual property tax levy options on Oct. 27 and recommended a levy of $8,979,039, an amount intended to keep the city's property tax rate roughly the same as the prior year while meeting pension funding needs.
Nicholas told the council the estimated equalized assessed value (EAV) for 2025 is $1,441,621,388 (this figure includes deductions for property tax abatements). He also said the city's share of the overall tax rate has declined substantially in recent years: aggregate tax rates affecting local taxpayers fell from about $11.74 per $100 of EAV in 2019 to about $7.97 per…
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