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City manager: state property-tax changes shrink Belgrade's voted-levy revenue, staff recommends converting mills to dollars
Summary
The city manager told the council that recent state legislation shifting residential property tax rates reduced Belgrade's voted-levy revenue this year and presented two options: convert existing voted mills to fixed dollar levies (staff's recommendation) or recalculate and freeze mills; staff estimated about $459,080 less for the police levy and $54,009 less for the library this year.
City Manager Neil presented a detailed analysis of two state laws (referred to in the presentation as SB 542 and HB 231) that change how residential property tax rates are applied and how those changes affect Belgrade's voted mill levies. He said the laws were intended to shift some tax burden away from primary residences toward second homes, rentals and commercial properties, but that the mechanics of the shift materially reduce the value of voted mills for Belgrade in the short term.
"For this tax year," the city manager said, "the police department has lost $459,080 in this tax year alone because of the changes made," and he told councilors the library lost roughly $54,009. He explained those figures come from county valuation records the city used for its analysis and cautioned some…
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