The 2016 property tax levy and operating budget was adopted by City Council on Dec. 2, 2015.
The 2016 proposed tax levy for all purposes is $14,070,800 or a 4.99% increase over the 2015 levy of $13,402,100.
The proposed levy includes $12,569,300 for General Fund operations, $111,500 for EDA, $500,000 for the Public Safety/City Hall project interfund loan and $890,000 in required debt levies for City backed bonds.
The tax levy increase, combined with a 3% tax base increase result in a tax rate of 43.2% compared to the 2015 tax rate of 41.6%. The impact of this rate change on individual City properties will depend on a variety of factors.