Recommendation:
Staff is recommending a city levy of $20,380,500, which is an increase of $1.15 million or 5.98 percent over last year, and a preliminary EDA levy of $350,000, which is identical to last year. No changes were made to the levy between now and when the preliminary levy was set in September.
Residential values increased on average 6.7 percent according to data from Scott County with 56 percent of the homes seeing an increase between 5 and 15 percent. For the average-valued home increasing in value 6.7 percent from $255,400 to $272,600, this equates to a 4.6 percent or $39 annual tax increase.