During a recent council meeting, a significant discussion centered around the proposed increase in the property tax rate. Council member Stephen clarified that while the motion indicates a 6.95 percent increase, the actual increase in the tax rate is only 0.7 percent. This distinction is crucial for residents, as the larger figure includes both the tax rate increase and the rise in property values, which together contribute to the overall tax revenue.
Stephen emphasized the importance of accurately communicating this information to the public, stating, \"You hear this motion and you think tax rates going up almost 7%. No, no.\" The council ultimately moved to adopt a property tax rate of 0.684800, reflecting the aforementioned increase. The motion passed with unanimous support from the council members present.
This decision highlights the ongoing challenges local governments face in balancing tax rates with rising property values, and the need for clear communication to ensure residents understand the implications of such changes.