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Fernley council sets maximum property‑tax levy to submit to Nevada Department of Taxation
Summary
Council approved a resolution to set the City of Fernley's maximum allowed operating property tax rate for fiscal year 2027 at 0.6750 (to be submitted to the Nevada Department of Taxation); staff said the change keeps the city below its maximum authorized tax rate while allowing growth tied to assessed valuation increases.
Fernley City Council on Feb. 18 voted 4‑0 to set the city’s maximum allowed operating property tax rate for fiscal year 2027 at 0.6750 and to submit that levy to the Nevada Department of Taxation.
City finance staff explained that the combined tax rate assessed on property for fiscal year 2026 was 0.6761 and that the proposed FY2027 rate was 0.6750. Staff said the difference leaves the city under its maximum allowed rate and that total ad valorem revenue can still increase based on assessed‑value growth. Setting the rate authorizes staff to send the levy figure to the state for FY2027 processing.
Councilman Torres moved to approve the levy and submission to the state tax department; the motion was seconded and passed unanimously.
No members of the public spoke on the agenda item at the meeting.
