2018 Taxes Up Slightly Despite No Reassessment

Taxes Up Slightly

November 10, 2018 | 2 min reading time

This article is 3 years old. It was published on November 10, 2018.

There was no reassessment in 2018 which means that property values did not change except in cases of new construction. However, the tax rate charged by the various taxing districts (e.g. Public Schools, Library, City, Zoo Museum District, MSD, and others) increased between 1% and 2% for 2018.

Last year's tax rate was $8.2756. This year's tax rate increased to $8.4200.

For reference, the taxes on a $100,000 residence will increase by $27.44 even though there was no change in the value.

Most property owners should expect a 1% to 2% increase in their tax bill compared to last year. There can be significant increases in the tax amount if new construction was added or a property came out of abatement in 2018.

 

  • Department:
    Assessor - Personal Property Assessment and Records
    Assessor - Real Estate Assessment and Appraisal
  • Topic:
    Taxation and Revenue

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