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<br />Taxable Market Value City Tax Taxable Market Value City Tax <br />750,000 2,484.97$ 747,600 2,552.57 67.60$ 2.72% <br />1,500,000 5,100.77$ 1,495,200 5,239.98 139.22$ 2.73% <br />3,000,000 10,332.64$ 2,990,400 10,615.10 282.45$ 2.73% <br />5,000,000 17,308.29$ 4,984,000 17,781.73 473.43$ 2.74% <br />15,000,000 52,186.26$ 14,952,000 53,614.58 1,428.32$ 2.74% <br />COMMERCIAL/INDUSTRIAL - Market Value Change -0.32% <br />Tax Year 2025 Tax Year 2025 Increase/Decrease % Chanage <br /> <br />A median value commercial/industrial property ($747,600) will increase by $67.60 from the prior year <br /> <br /> <br /> <br />Requested Actions: <br /> <br />The City Council is asked to conduct Public Hearing on the proposed 2026 budget. Following <br />the closure of the Public Hearing, the City Council is asked to take the following actions: <br /> <br />1. Motion to adopt the 2025 Tax Levy, Collectible in 2026, as presented (or as amended). <br /> <br />2. Motion to adopt the 2026 Budget as presented (or as amended). <br /> <br />3. Motion to approve the 2026 salary wage schedule as presented (or as amended). <br /> <br /> <br />Attachments: <br /> <br />1. 2026 Budget Book. Includes: <br />a. General Fund Budgets <br />b. Special Revenue Funds Begets <br />c. Debt Service Fund Budgets <br />d. Capital Project Funds – Other Budgets <br />e. Capital Project Funds – TIF Budgets <br />f. Enterprise (Water and Sewer) Funds Budgets <br />g. Internal Service Funds Budgets <br /> <br />2. 2026 Wage Scale <br /> <br />