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08-14-25 City Council Workshop Packet
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08-14-25 City Council Workshop Packet
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8/8/2025 3:17:39 PM
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Tax Rate / Impact <br />2025 <br />(actual) <br />2026 <br />(projected)Change <br />Tax Rate 26.84% 31.72%4.88 pp <br />Taxable <br />Home Value City Taxes Change <br />($) <br />$ 250,000 671 793 122 <br />$ 300,000 805 952 146 <br />$ 350,000 940 1,110 171 <br />$ 400,000 1,074 1,269 195 <br />$ 450,000 1,208 1,427 219 <br />$ 500,000 1,342 1,586 244 <br />$ 550,000 1,510 1,784 274 <br />$ 600,000 1,678 1,982 305 <br />$ 650,000 1,846 2,181 335 <br />$ 700,000 2,013 2,379 366 <br />$ 750,000 2,181 2,577 396 <br />$ 800,000 2,349 2,775 427 <br />2025 <br />(actual) <br />2026 <br />(projected) <br />Median Value Home 581,700 581,700 <br />Tax Rate <br />26.84% (final 2025)$ 1,616 <br />31.72% (est. 2026)$ 1,926 <br />4.88 pp change in Tax Rate $ 310 <br />increase on MVH
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