FY 2026-2027 Property Tax Rate Increase
Summary
The tax rate isn't going up, but your bill probably is — rising property values mean the 7.4-mill rate collects 3.25% more than the rolled-back rate. The city brings in about $50.6 million gross before its $17.5 million CRA contribution.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 15, 2026.
Impact analysis
Gross property tax revenue of about $50.6 million, up from $47.4 million last year.
The city keeps funding services without a rate hike; homeowners pay more only because their property is worth more.
Homeowners, especially seniors on fixed incomes, face higher tax bills as assessed values climb.
Mentions & discussions (2)
2nd Budget Hearing — September 15, 2026
The city locked in a 7.4000-mill rate, 3.25% above the rollback rate, driven by rising assessed property values. That means a slightly higher property tax bill for homeowners this year.
1st Budget Hearing — September 4, 2026
The tax rate isn't going up, but your bill probably is — rising property values mean the 7.4-mill rate collects 3.25% more than the rolled-back rate. The city brings in about $50.6 million gross before its $17.5 million CRA contribution.
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