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Scenario #2
<br />Set maximum levy at 7.50%.
<br />This should cover any outstanding labor negotiations and allow the city to reduce reliance on LGA funds.
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<br />Scenario #3
<br />Set maximum levy at 9.00%.
<br />This will cover any outstanding labor negotiations and allow the city to reduce reliance on LGA funds.
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<br />A summary of the impact on a median valued home and the city tax rate based on the preliminary value
<br />information is as follows:
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<br />
<br />% levy increase Total levy amt $ levy increase
<br />7.50%8,032,508$ 560,408$
<br />Value of Value of Taxable
<br />Property for Property for Value for $ %
<br />Pay 2025 Pay 2026 Pay 2026 Pay 2025 Pay 2026 CHANGE CHANGE
<br />90,000$ 93,500$ 56,100$ 228$ 246$ 18$ 7.7%
<br />160,000$ 166,300$ 134,700$ 527$ 576$ 49$ 9.4%
<br />240,000$ 249,400$ 225,300$ 879$ 957$ 78$ 8.8%
<br />324,100$ 336,800$ 320,600$ 1,249$ 1,357$ 108$ 8.6%
<br />400,000$ 415,700$ 406,600$ 1,583$ 1,718$ 135$ 8.5%
<br />500,000$ 519,600$ 519,600$ 2,023$ 2,212$ 189$ 9.3%
<br />600,000$ 623,500$ 623,500$ 2,530$ 2,753$ 223$ 8.8%
<br />CITY TAX
<br />% levy increase Total levy amt $ levy increase
<br />9.00%8,144,589$ 672,489$
<br />Value of Value of Taxable
<br />Property for Property for Value for $ %
<br />Pay 2025 Pay 2026 Pay 2026 Pay 2025 Pay 2026 CHANGE CHANGE
<br />90,000$ 93,500$ 56,100$ 228$ 250$ 22$ 9.4%
<br />160,000$ 166,300$ 134,700$ 527$ 585$ 59$ 11.1%
<br />240,000$ 249,400$ 225,300$ 879$ 972$ 93$ 10.6%
<br />324,100$ 336,800$ 320,600$ 1,249$ 1,379$ 130$ 10.4%
<br />400,000$ 415,700$ 406,600$ 1,583$ 1,746$ 163$ 10.3%
<br />500,000$ 519,600$ 519,600$ 2,023$ 2,248$ 225$ 11.1%
<br />600,000$ 623,500$ 623,500$ 2,530$ 2,799$ 269$ 10.6%
<br />CITY TAX
<br /> % CHANGE $ CHANGE 2025 2026 2025 2026 $ CHANGE % CHANGE 2025 2026
<br />6.00% 448,326$ 324,100$ 336,800$ 1,249$ 1,334$ 85$ 6.8% 38.036% 39.026%
<br />7.50% 560,408$ 1,357$ 108$ 8.6%39.721%
<br />9.00% 672,489$ 1,379$ 130$ 10.4%40.415%
<br />CITY TAX RATECITY LEVY MEDIAN VALUE ANNUAL CITY TAX CITY TAX
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