February 1, 2010
Real Estate Tax Rate
The Governing Body will conduct a public hearing in April or May on the real estate tax rate for fiscal year (FY) 2010-2011 that will be levied against the real estate assessments that become effective July 1, 2010. While citizens are encouraged to attend the public hearing and sign up with the City Clerk to address the Governing Body on the real estate tax rate issue, this is not the forum to contest your real estate assessment. There is a separate real estate assessment review and appeal process available for challenging your assessment.
The real estate tax rates per $100 of assessed value for the last 10 years are as follows:
FY 2009-2010 $1.65 (payable in two installments due Dec. 5, 2009, and June 5, 2010)
Short CY 2009 $1.24 (January 1 through June 30, 2009, one-half of the levy was paid in one installment due June 5, 2009)
CY 2008 $1.24 (full calendar year tax year, payable in two installments due June 5 and Dec. 5)
CY 2007 $1.14
CY 2006 $1.195*
CY 2005 $1.27*
CY 2004 $1.33
CY 2003 $1.35*
CY 2002 $1.359*
CY 2001 $1.43*
CY 2000 $1.44
*Effective tax rate for tax years where first-half tax rate and second-half tax rates varied.
Change in Effective Date for Real Estate Tax Assessments
The Governing Body changed the effective date for real estate tax assessments to align them with the City’s fiscal year budget in order to accurately anticipate changes in property tax revenues. The Governing Body held a public hearing on November 12, 2008, before adopting an ordinance November 18, 2008, that changed the effective date for real estate tax assessments from January 1 to July 1, and amended other City ordinances in order to comply with this date change.
The 2009 reassessment of real estate had a have effective date of July 1, 2009, and affected real estate taxes collected during fiscal year FY 2009-2010. Previously, real estate tax assessments were assessed on a calendar year (CY) basis and had an effective date of January 1 each year.
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