Budget Ideas

The Council’s goal has historically been to maintain a stable levy and level property tax rate. From 2000 to 2004 the City’s property tax rate was very flat, changing only hundreds of a point. The property tax cap and strong growth in the equalized assessed value started the drop in the property tax rate in 2005 and has dropped a full point. The change in the housing market is evident in this chart as equalized rates are affected by assessed value.