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Belgrade sees drop in taxable value; council weighs switching fixed mills to dollar levies
Summary
City staff reported a 2025 total market value of $3.14 billion but a decline in total taxable value from roughly $39.7 million to $32.8 million because of recent state tax-rate changes. Council was briefed on options for protecting library and public-safety revenue, including converting fixed mills to fixed dollar levies or recalculating mills on the reduced base.
Belgrade — City staff told the Belgrade City Council on Aug. 4 that certified 2025 market values show total market value at about $3.14 billion, but total taxable value dropped substantially to about $32.8 million from roughly $39.7 million the previous year. Staff attributed the decline to changes enacted by the state legislature that reduced residential tax rates for certain valuation bands.
City staff explained that the drop in taxable value affects the revenue produced by fixed voted mills the city…
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