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Staff recommends keeping annual property assessments; council agrees to retain yearly cycle
Summary
After a staff review of 1-, 2- and 4-year assessment intervals, councilors agreed to keep annual real-estate assessments, citing accuracy, the ability to adjust tax rates annually, and the new C3 AI tool to improve equity — staff will revisit tax-relief limits during the next budget cycle.
City staff briefed the governing body on Nov. 18 about potential changes to the city’s real-estate assessment interval (options of annual, every two years or every four years) and recommended retaining annual assessments.
Staff summarized the legal framework permitting jurisdictions with populations of 30,000 or fewer to change intervals, surveyed peer cities, and stressed the tradeoffs:…
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