Legislation Details

File #: 2026-0328    Version: 1 Name: Max Tax Rate Vote
Type: Agenda Item Status: Agenda Ready
File created: 8/6/2026 In control: Finance
On agenda: 8/25/2026 Final action:
Title: Consider approval of a maximum proposed tax rate of $0.441166 for the 2026 tax year and to set the Public Hearings on the budget and proposed tax rate for the regularly scheduled City Council Meeting on September 8, 2026, at 7:30 p.m. Taxpayer Impact Statement: Fiscal Year (FY)- Median-Valued Tax Rate Per Estimated (Tax Year (TY)) Homestead $100 of Value Property Tax Bill FY 2025-2026 Adopted 2025 (TY 2025) $585,944 Tax Rate: $2,607.31 .444976 FY 2026-2027 2026 No New (TY 2026) $605,309 Revenue Tax Rate: $2,553.68 .421881 FY 2026-2027 Proposed 2026 tax (TY 2026) $605,309 rate based on the $2,670.42 proposed budget for FY 2026-27: .441166
Attachments: 1. Memo.pdf, 2. Legal Notice 08.14.2026.pdf, 3. Legal Notice 08.15.2026.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Consider approval of a maximum proposed tax rate of $0.441166 for the 2026 tax year and to set the Public Hearings on the budget and proposed tax rate for the regularly scheduled City Council Meeting on September 8, 2026, at 7:30 p.m.

 

Taxpayer Impact Statement:

 

Fiscal Year (FY)-                     Median-Valued                     Tax Rate Per                                          Estimated

(Tax Year (TY))                     Homestead                                          $100 of Value                      Property

                                                                                                                                                                                                                                                                                                                           Tax Bill

 

FY 2025-2026                                                                                                                              Adopted 2025                                          

(TY 2025)                                                               $585,944                                                               Tax Rate:                                                                                    $2,607.31

                                                                                                                                                                                                                  .444976

 

FY 2026-2027                                                                                                                              2026 No New

(TY 2026)                                                               $605,309                                                               Revenue Tax Rate:                     $2,553.68

                                                                                                                                                                                                                  .421881

 

FY 2026-2027                                                                                                                              Proposed 2026 tax

(TY 2026)                                                               $605,309                                                               rate based on the                      $2,670.42

                                                                                                                                                                                                                  proposed budget for

                                                                                                                                                                                                                  FY 2026-27:

                                                                                                                                                                                                                  .441166

 

Summary

 

Fiscal Impact:

N/A

 

Staff Recommendation:

The Strategic Financial Engagement Department recommends approval.

 

Strategic Pillar Icon:

 

Sustainable Government