Proposed FY2027 Budget and Tax Rate
Summary
The city is setting its financial plan and tax rate for the upcoming fiscal year. While the proposed tax rate is higher than the no-new-revenue rate, home value drops mean the estimated median tax bill actually goes down slightly.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Discussed at 2 meetings in the last 60 days; most recently Sep 8, 2026.
Impact analysis
The proposed tax rate would result in an estimated annual property tax bill of $1,789.55 for a median-valued homestead.
The city benefits from increased revenue to fund municipal services and operations.
Property owners will see a higher tax bill compared to the no-new-revenue scenario.
Mentions & discussions (2)
City Council - Sep 8, 2026
The city is proposing a tax rate of $0.548282 per $100 of value, which is higher than the no-new-revenue rate. This will impact your annual property tax bill.
City Council - Sep 1, 2026
The city is reviewing its $31.1 million general fund budget and a proposed tax rate of $0.548282 per $100 valuation. Officials emphasize that funding prioritizes public safety raises and essential operations, while declining home values mean most homeowners will see stable tax bills.
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