Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Tax topic
No spam. Unsubscribe anytime.
Council holds special hearing on property‑tax levy; staff explains combined levy and sample homeowner impacts
Summary
Staff explained the city’s property‑tax request and a change to submit a single combined levy form (including CRA and off‑street parking district), and provided sample impacts (e.g., ~$364 on a $200,000 home); council closed the special hearing without further comment.
Kayla James explained the city’s property‑tax request and how valuation growth factored into levy calculations. She said city valuation growth was 8.3% (about 6.26% existing growth and 1.68% new construction) and reported the combined property‑tax request for the two primary funds was a little over $7 million; when CRA and off‑street parking district levies are included the total request was about $7.4 million and the combined levy printed as approximately 0.190574.
James walked through sample homeowner impacts, saying on a $200,000 home the increase would be about $364 annually (roughly $67 more than the prior year) and about $100 on a $300,000 home. The special public hearing satisfied statutory requirements because the city’s tax ask differed from the Buffalo County Clerk’s preliminary levy by more than a dollar. After brief clarification questions, the council moved and voted to close the public hearing.
