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The City Council approved a property tax rate of $0.417282 per $100 of valuation on a 5-0 vote. The rate is unchanged from last year and 2.5% below the No-New-Revenue rate, but total property tax collections are expected to be 9.1% higher because of increased property values and newly improved properties.
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The tax rate itself will not increase from last year. However, many property owners may pay more because property values and the number of improved properties increased. The adopted rate funds the city’s Fiscal Year 2026 municipal government operations.
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