Staff is seeking comments and discussion on the proposed 2021 budget.  The proposed levy has not changed from what was set as the preliminary levy on September 15, 2020.  The proposed 2021 levy represents a 3.13% increase over the 2020 levy.  

Levy Impact

• The proposed levy decreases the city tax rate from 33.97% to 31.85%
• The median value home of $266,800 (6.3% increase in value) would see an annual tax impact of $5 (0.6%)
• If a house valued at the median value home had no change in it's value, that home could expect a $50 (6.0%) decrease in annual taxes
• Estimated city market value increased by $521 million (8.6%)
• New construction would allow the city to increase the levy by 2.1%, without impact property taxes on existing properties.