If the value of my property increases, does the City get extra revenue?

Changes in property values do not change the overall tax levy. Instead, the City adjusts the tax rate to offset the average increase in assessed values to only to generate the amount of money needed to run the City’s operations.

Show All Answers

1. How is the municipal property tax calculated?
2. How does fluctuation in my home's assessment affect my municipal property taxes?
3. If the value of my property increases, does the City get extra revenue?
4. Why does my municipal property tax go up more than the property tax increase approved by Council?
5. So, what happened this year?
6. Where can I find out my assessment?
7. Does anything else factor into my property taxes?