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Council weighs truth-in-taxation ceiling, debates 10.38% vs. 10.30% scenarios
Summary
City staff told the council it must adopt a proposed tax-rate ceiling tonight to meet county filing deadlines; staff presented scenarios showing a roughly $4,000 revenue swing between 10.38% and 10.30% and a monthly homeowner impact of about $5.70 on a $497,000 home.
City staff told the South Ottawa City Council on June 16 that the municipality must adopt a proposed truth-in-taxation ceiling at tonight’s meeting so county deadlines and legal notice requirements can be met.
Peter (staff) walked the council through auditor-provided calculations and said the proposed schedule was intended to generate roughly $476,300 in additional revenue under the truth-in-taxation process. "We came up with the dollar amount to match our truth in taxation property tax schedule items to generate that $476,300," he said. Staff noted the city's budgeted revenue projection would be about $5.1 million under the proposed rate schedule and that the county's auditor-certified baseline rate was included in the packet.
Council members discussed two closely aligned scenarios: a 10.38% ceiling and a 10.30% ceiling. Staff showed that the difference between the two would be about $4,000 in annual revenue and that the homeowner impact on a $497,000 property would be in the range of $5.69–$5.71 per month. Members also raised procedural and public-notice details; staff said the city will publish the required legal notice (including a newspaper advertisement and online posting) before the scheduled truth-in-taxation public hearing and adoption on August 4.
The council did not finalize a permanent tax rate tonight but agreed to certify a ceiling as part of the interim budget process so county filings can proceed on schedule.
