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The city set the property tax rate at 55.51 cents per $100 valuation to counteract lower property valuations while maintaining exemptions like the 20% homestead discount and senior tax freezes.
At a glance
Rising — being discussed more frequently. 2 mentions in the last 30 days.
Generates necessary revenues for general fund operations and debt service while providing a 20% homestead exemption.
Seniors and eligible homestead owners benefit from tax freezes and exemptions that cushion the impact of rising valuations.
Property owners see a higher tax rate than the previous year due to suppressed overall property values and lower new construction.
Allows the property owner to build a new single-family home in line with the city's low-density residential land use plan.
Brings a unique artisan manufacturing operation to the industrial district with zero retail foot traffic or on-site consumption.
We'll include it in your weekly brief whenever the council takes it up.
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