File #: ID 21-196    Version: 1 Name: Real Estate Tax Rate ($0.90)
Type: PH-Action Item Status: Passed
File created: 5/17/2021 In control: City Council
On agenda: 5/25/2021 Final action: 5/25/2021
Title: Public hearing regarding the real estate tax rate for Fiscal Year 2021-2022 proposed to increase by $0.04 per $100 of assessed value to $0.90 per $100 of assessed value
Attachments: 1. Memorandum, 2. Public Hearing Notice, 3. Electronic comments
Related files: ID 21-178

Subject:

Title

Public hearing regarding the real estate tax rate for Fiscal Year 2021-2022 proposed to increase by $0.04 per $100 of assessed value to $0.90 per $100 of assessed value

Body

Presented By:  City Staff

Recommendation and Review

At the May 11, 2021 City Council meeting, City Council approved a real estate tax rate of $0.86 per $100 of assessed value but also instructed staff to advertise for the next City Council meeting a new public hearing to increase the real estate tax rate by $0.04 per $100 of assessed value. The advertised proposed rate is a not-to-exceed rate. City Council may approve a rate lower but not higher than the $0.90 per $100 of assessed value.