Summary
The council kept the proposed tax rate flat at $0.63 per $100 and set hearings for August 18. Because taxable values fell about 1.1%, the city expects roughly $270,000 less revenue — and homeowners with expiring homestead caps may see bills rise even as values drop.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 1, 2026.
Impact analysis
Flat rate with falling values means about $270,000 less city revenue; some homeowners' bills may still rise as caps expire.
Homeowners keep the same rate; the city avoids the 'lowering taxes while raising them' scenario.
Residents whose homestead caps expired may see higher bills despite the flat rate; city services face tighter funding.
Mentions & discussions (2)
City Council - Sep 1, 2026
The council adopted a flat $0.63 tax rate with a quarter-cent cut from the original proposal, saving the median homeowner a few dollars a year but costing the city about $190,000. The budget passed with cuts already baked in from declining home values, and two council members argued the money would be better spent on streets and sidewalks.
City Council - Aug 4, 2026
The council kept the proposed tax rate flat at $0.63 per $100 and set hearings for August 18. Because taxable values fell about 1.1%, the city expects roughly $270,000 less revenue — and homeowners with expiring homestead caps may see bills rise even as values drop.
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