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Council sets separate property tax levy hearing and notes proposed maximum rate
Summary
The council set an independent property tax levy hearing for April 7, 2026, at 11:45 a.m., and the chair read a proposed maximum levy rate of 11.17534; council members discussed how assessed values and state rollback rules affect final taxes.
The council set a separate property tax levy hearing to comply with state reporting and truth-in-taxation processes and discussed how levy choices interact with assessed values.
Chair announced that "cities are required to submit to the Department of Management the proposed maximum property tax rate" by March 5, and named a proposed maximum levy rate of 11.17534. The chair set the public hearing for 04/07/2026 at 11:45 a.m.
Council member reviewed the mechanics of property-tax calculations, noting assessed values are set by the county while the council controls the levy rate: "The formula, assessed values times the levy rate minus credits gives you your taxable value," the council member said, adding that the assessment process itself is a county function and the council's authority is limited to the levy rate.
Members discussed the residential rollback rate and its state control; figures mentioned in the meeting were approximate (described as "4 point something"). The council later moved to approve the announced date and time for the levy hearing; the motion was seconded and recorded as carried.
Why it matters: setting the hearing and publishing a proposed maximum rate triggers statutory notice and gives property owners an opportunity to comment before the council adopts a final levy.
