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Board holds public hearing and moves property tax rate to first reading at 18' per $100
Summary
City staff presented the proposed 2024 property tax levy and recommended maintaining a reduced rate of $0.1803 per $100 assessed value (18') tied to a prior sales-tax initiative; projected revenue at that rate is $189,000, up $12,473 from the prior year.
The City of Ashland opened and closed a public hearing on its proposed 2024 property tax levy and placed an ordinance to set the rate on the agenda for first reading.
Staff (Staff member) explained the levy proposal and reminded the board that, under a previous sales-tax initiative for streets and police, the city voluntarily reduced its full rate by 25 percent from 24' to 18'. At the proposed rate of $0.1803 per $100 of assessed value, staff projected property-tax revenue of $189,000 for the city, an increase of $12,473 over the current year's collection. For reference, staff said the full (pre-reduction) rate would have produced about $62,471 more revenue.
The chair opened the hearing to the public; no commenters appeared and the board closed the hearing. The chair introduced Council Bill 2024-28, an ordinance establishing the city's 2024 property tax rate at $0.1803, placed it on the agenda for first reading and called the motion, which passed by affirmative vote.
Staff noted the statutory deadline to adopt the rate is September 1 each year. No final adoption occurred at this meeting; the board advanced the ordinance for its first reading and further action in subsequent meetings.
