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Council sets 36% personal property tax relief and opens discussion on expanding real-estate relief for seniors
Summary
Council approved a 36% personal property (car) tax relief rate for 2024 and discussed, but did not vote on, raising eligibility thresholds for real-estate tax relief for elderly and disabled residents; staff will return to council with more data in September.
Council adopted the staff-recommended personal property tax relief rate for 2024, setting the relief at 36% for personal property valued between $1,001 and $20,000. City staff said the percentage is based on the state-provided funding formula; business vehicles, motor homes and vehicles valued under $1,000 remain excluded.
Council then held an in-depth discussion about real-estate tax…
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