5% Property Tax Increase Presented to City Council
POSTED: Tuesday, July 6, 2010 - 12:10pm
UPDATED: Thursday, August 4, 2011 - 5:26pm
City manager Joyce Wilson presented her budget proposal for the next fiscal year in front of the city council Tuesday. The proposal includes a 5 percent property tax increase to make up for an increase in cost of public services such as police and fire departments, Wilson said.
The tax, if approved, would increase by about $0.03 for every $100 of your property's value. If a home costs $150,000, that would cost the homeowner an extra $50 a year.
The city council will not immediately decide on the budget, but is expected to come to a decision at the end of the month on whether or not to move forward with the tax increase. We will have more details tonight at 5pm and 6pm on News Channel 9.