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Local Impact

Notice of Property Tax Rate Change for FY 2024-2025

Original title: Announcement of the Percentage Change in the FY 2024-2025 Aggregate Tentatively Adopted Millage from the Aggregate Rolled-Back Rate

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.

Why it matters

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.

Directly affected

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'?
The rolled-back rate is the tax rate that would generate the same amount of property tax revenue as the previous year, excluding revenue from new construction.
What does 'millage' mean?
A is the tax rate used to calculate property taxes; one mill is equal to $1 of tax for every $1,000 of assessed property value.

What else do you want to know?

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

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.

Connected Entities

File 7193
otherFile 7193“The internal tracking number for this specific tax rate announcement.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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