The city’s proposed budget does not raise the tax rate but property taxes will increase for some residents as home values rise for the first time since 2007.
The proposed tax rate is the same as this year’s rate of 52.86 cents of $100 assessed property value.
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Proposed 2013-14 budget: $38.56 million, up 30 percent from 2012-13
Proposed rate: 52.86 cents per $100 in assessed value, no change
2012-13 average home taxable value: $129, 938, up 4.4 percent
Proposed 2013-14 average tax bill: $687, up 4.4 percent
What’s next: Public hearings on Aug. 8 and Aug. 15. City council set to adopt budget on Aug. 22