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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />To: Honorable Mayor Adams and Council <br /> <br />From: Julie Feier, City Manager <br /> <br />Date: August 15, 2008 <br /> <br />Subject: Weekly Update <br /> <br /> <br /> <br />property tax rates <br />The City’s proportion of the are projected to go down slightly in 2009 <br />(see schedule below). As indicated previously in the weekly, because the County did <br />not forward the finalized assessed values until this week, the property tax rates will <br />need to be read as an emergency bill on August 25. The County deadline is Sept 1. <br /> <br /> <br />Residential Property Tax Rate History <br /> <br /> <br /> <br />2003 2004 2005 2006 2007 2008 <br /> <br /> <br /> <br /> <br />City - General Revenue <br /> <br /> <br /> Residential 0.648 0.667 0.573 0.572 0.511 0.513 <br /> <br /> <br /> <br />City - Pension <br /> <br /> <br /> Residential 0.000 0.000 0.000 0.000 0.144 0.144 <br /> <br /> <br /> <br />City - Debt <br /> <br /> <br /> Residential 0.000 0.000 0.023 0.085 0.049 0.042 <br /> <br /> <br /> <br />Total City Rate 0.648 0.667 0.596 0.657 0.704 0.699 <br /> <br /> <br /> <br /> <br />Library <br /> <br /> <br /> Residential 0.281 0.291 0.249 0.249 0.223 0.223 <br /> <br /> <br /> <br />Total Rate 0.929 0.958 0.845 0.906 0.927 0.922 <br /> <br /> <br /> <br />More detailed tax history is included as an attachment. <br /> <br /> <br /> <br />