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Read. Follow. Verify.Notice of Property Tax Rate Change for FY 2024-2025
Record date · September 24, 2024
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What This Bill Does
This document serves as a formal public notice regarding the change in the aggregate property tax compared to the rolled-back rate for the 2024-2025 fiscal year. It confirms that the local government has reached a tentative decision on these tax rates following a public hearing.
This notice informs property owners whether the total property tax revenue collected by the local government will increase, decrease, or remain the same compared to the previous year's revenue adjusted for inflation and new construction.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Property owners
Property owners are subject to the tax rates determined by the aggregate millage rate adopted by the local government.
Key Facts
- The document pertains to the FY 2024-2025 fiscal year.
- The action involves the 'Aggregate Tentatively Adopted Millage' rate.
- The rate is being compared against the 'Aggregate Rolled-Back Rate'.
- The status of this file is 'Adopted'.
Show all 6 facts
- The document was introduced on September 9, 2024.
- The process involved a public hearing conducted by the budget body.
Frequently Asked Questions
What is the 'rolled-back rate'?
What does 'millage' mean?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Annual Tax Rate Adjustment
The document confirms the annual cycle of adjusting millage rates against the rolled-back rate to finalize the upcoming fiscal year budget.
Sources
webapi.legistar.com
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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