Agenda item · meeting of 2026-05-18
Intent to Adopt Real Estate Tax Rate for FY2026-27 (5 min. Staff Presentation)
View in the Legistar meeting record · file 26-5590 in Legistar’s legislation search
Action text
"I move to approve a resolution setting tax rates for the fiscal year beginning July 1, 2026 as follows: * Real Estate Tax Rate of $0.19 per $100 of assessed valuation * Bank Net Capital Tax Rate of $0.80 per $100 of valuation * Residential Utility Tax Rate of 20% of the first $15 * Commercial Utility Tax Rate of 15% of the first $300" And "I further move that the Town Clerk be directed to advertise a Notice of Adoption." Or Other action deemed necessary by Council.
Votes
6 Aye, 1 Nay
- Chuck Anderson Aye
- Roy Baldwin Nay
- Doug Francis Aye
- Dann Nash Aye
- Jessica Ramakis Aye
- Howard J. Springsteen Aye
- Linda Colbert Aye