FY 2026-2027 Property Tax Rate
Summary
The council set the property tax rate at 0.416501 per $100 valuation — about 1% lower than the current rate — meaning the city won't collect more property tax revenue than last year. The rate splits between operations (0.199537) and debt service (0.216964).
At a glance
- Total mentions
- 5
- Last 30 days
- 0
Discussed at 2 meetings in the last 60 days; most recently Oct 2, 2026.
Impact analysis
The rate drops about 1% from roughly 0.42, and new construction adds about $38,000 in revenue.
Property owners, who will pay a slightly lower rate per $100 of valuation.
The city's operating funds, which lose revenue flexibility and must absorb inflation without added revenue.
Mentions & discussions (3)
City Council - Oct 2, 2026
The council set the property tax rate at 0.416501 per $100 valuation — about 1% lower than the current rate — meaning the city won't collect more property tax revenue than last year. The rate splits between operations (0.199537) and debt service (0.216964).
General - Sep 28, 2026
The proposed rate of $0.445729 per $100 valuation is above the no-new-revenue rate, meaning most homeowners would pay more — about $58 extra a year on a median home. A public hearing gave residents a chance to weigh in before the council acted.
City Council - Aug 26, 2026
The proposed rate of $0.445729 per $100 would add about $58 a year to the median homestead bill. Residents pushed back, citing fixed incomes and poor roads, and council tabled the vote to September 9.
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