Assessor reports tax commitment: taxable value up about $29 million; example homeowner impact shared
City assessor announced tax commitment and explained an 85% declared ratio vs. the state's certified 66%; staff estimated a mill rate example and homestead/veterans exemption reductions, noting a $29M net taxable increase.
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At the council meeting July 21 the assessor's office reported that tax commitment for the year has been completed and that the city's net taxable valuation increased by roughly $29 million compared with the prior year. Assessor staff explained they declared an 85% ratio for valuation purposes; the state-certified ratio for that past sales window is 66% and lags by approximately two years.
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