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Council grants first reading to 2025 tax levy; proposed 4.51% increase overall
Summary
Finance Director Katie Skibbe presented the 2025 property tax levy for first reading: an overall proposed increase of 4.51%, general operating levy up 2%, EAV up 8.1% (tax rate from 1.50 to 1.44), and an estimated $164.88 annual tax increase for a $1,000,000 home; council approved first reading 7–0.
Finance Director Katie Skibbe presented the city’s proposed 2025 property tax levy at the Nov. 17 council meeting and the council granted first reading by roll call.
Skibbe said the proposed overall levy increase is 4.51% over last year, with the general operating levy rising 2% and the city’s equalized assessed value reported up 8.1%, which she said reduces the city’s tax rate from about 1.50 to 1.44. She told the council the average household with a $1,000,000 market-value home would see an estimated increase of $164.88. Skibbe also described phasing related to debt service for the new police facility and a $230,000 abatement included to reduce 2025 tax impact.
The council moved to grant first reading of an ordinance establishing the 2025 tax levy; the roll-call vote was recorded as 7 ayes, 0 nays.
Because this was a first reading, council did not adopt a final levy tonight; the ordinance will return for later consideration in the process required for final adoption.
