The 2017 property tax levy and operating budget were adopted by City Council on Dec. 7, 2016.
The 2016 proposed tax levy for all purposes is $14,772,900 or a 4.99% increase over the 2016 levy of $14,070,800.
The proposed levy includes $13,176,400 for General Fund operations, $111,500 for EDA, $500,000 for the Public Safety/City Hall project interfund loan and $985,000 in required debt levies for City backed bonds.
The tax levy increase, combined with a 4.3% tax base increase result in a tax rate of 42.94% compared to the 2016 tax rate of 43.2%. The impact of this rate change on individual City properties will depend on a variety of factors.