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Pacific adopts 2024 tax rate; assessed valuation increase projected to add about $753,000
City of Pacific Board of Aldermen · August 20, 2024
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Summary
The City of Pacific approved bill 5246 as ordinance 3422, keeping the tax rate at last year's level (ceiling 0.4038); staff said the assessed valuation increase will yield roughly $753,000 additional property tax revenue for the general fund.
The Board of Aldermen voted to adopt bill 5246, fixing the city's 2024 tax rate and publishing the ordinance as 3422.
Clerk and staff walked the board through the tables showing assessed valuation changes and the…
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