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Liberty council sets 2025 property tax levy at 0.7929%, lowest in 36 years; reserve set for senior tax credit uncertainty
Summary
City staff recommended and council approved a 2025 ad valorem levy of 0.7929, which staff said would be the lowest levy rate in 36 years. Council also directed a reserve to buffer potential revenue loss from Senate Bill 190, the new senior tax credit.
Miss McClure, a city staff presenter, opened a required public hearing on the proposed 2025 property tax levy and recommended setting the levy at 0.7929. She told the council the figure is based on preliminary county assessments and the state auditor's calculation tool and, if approved, “the 2025 levy would be the lowest levy rate in 36 years.”
McClure walked the council through assessment changes in the preliminary data: real-estate assessed values rose about 22.6 percent versus 2024 final values, personal property assessments were down about 10.5 percent, and the aggregate preliminary assessed value was up roughly 15.7 percent. She said new-construction valuation grew to…
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