The special meeting included a public hearing that allowed citizens to make public comments regarding the tax rate, though no citizens chose to speak. The council discussed and approved the tax rate of 74.81 cents per $100 valuation, which was the same tax rate as the last fiscal year.
“I think adopting the same tax rate generates the same amount of money as we collected last year,” said City Administrator Larry Pippen after the meeting. “It’s still a lower tax rate than it was five years ago - it was 81.9 cents then - so the city has managed to reduce the tax rate by seven cents in the last several years. I think we’ve done an excellent job and the council should be commended for it.”
The approved tax rate affects all those who own real property within the corporate limits of the city. Though the rate stays the same, technically property owners whose property values have increased recently will pay more than last year, though the same rate is still in place, according to Pippen.
“It will affect only those that had their values re-appraised and had their values go up slightly. Others, their values probably stayed the same, so their tax bill will stay the same.”