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Staff shows levy example: $408,660 request would raise average homeowner about $646 annually
Summary
Finance staff used a spreadsheet scenario showing a $408,660 levy request (0.84% rate increase) that, on an example home assessed at $770,000, would raise that homeowner's annual city portion of property tax to about $1,423.26 — an increase of roughly $645.81 per year.
During a live spreadsheet demonstration, Finance Director Beach walked the council through numerical scenarios for different levy amounts. Using the example figure of $408,660 (a roughly 0.84% increase in the levy rate), staff showed that a homeowner with an assessed value of $770,000 would see an annual city-tax increase of about $645.81, bringing the city's portion of that parcel's tax to approximately $1,423.26.
Council members examined the tool's low/mid/high columns and discussed how the sheets map to priority lists (urgent/critical items in a low lift vs. additional needs in higher lifts). Staff cautioned that a single permanent lift sets a new base for subsequent years while a multi-year lift would be restricted to specific capital purposes and roll back when complete. Council asked staff to make the spreadsheet easier to read and to provide updated tabs so members can test low/mid/high combinations ahead of the July 6 follow-up meeting.
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