Staff is recommending a city levy of $22,486,000, which is an increase of $1,468,200 or 6.99 percent over last year, and an EDA levy of $500,000, which is an increase of $150,000 from last year.  No changes were made to the levy between now and when the preliminary levy was set in September.

For the median value home with a property value increase of 6.7 percent, from $266,800 to $284,700, this equates to an annual increase of $65 (7.9 percent) in property taxes.  With no changes in home value from the previous year, homeowners can expect a tax increase of $2, or about 0.2 percent.  The city tax levy will have a slight impact on the city's tax rate from 32.11 to an estimated 32.17 percent.