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Tax Reassessment Information

11/4/2019

Tax Reassessment:
Reassessment, when it occurs, usually results in a tax increase. Our Interim Administrator experienced this in his 13 years of City government. Below, is the process of what usually takes place.
In a Council City government, during the Spring of a reassessment year the County mails the City Administrator a letter of reassessment, the resulting tax increase and two options available to Council. Council may opt to keep the tax increase or drop the millage rate to make a zero-sum gain. This must be done by the 2nd budget reading. The City Administrator then informs the County Assessor of Council’s decision.
To reverse the unintended increase, next years millage will be reduced by the increased amount.