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Annual Municipal Property Tax Increase

“Annual municipal property tax increase equal to or less than the Municipal Price Index (MPI)” is a target to keep annual property tax increases less than the annual inflation rate for city costs.  The target measures success in controlling costs.

How are we doing? 

The 2014 municipal property tax inflationary increase was 3.14% and two dedicated taxes were introduced:  one for roads (2.92%) and one for increased service levels related to snow removal, street sweeping, and sidewalks (1.37%) for a total of 7.43%.  The total increase in 2015 is 5.33% including general inflation of 3.19% and 2.14% dedicated for roads and soundwalls.

Data Table
Annual Property Tax Increases
  2010 2011 2012 2013 2014 2015
Service Level Increase (%)         1.37  
Dedicated Tax Levies (%)       1.25 2.92 2.14
General Tax  Increase (%) 3.86 3.99 4 3.74 3.14 3.19
Municipal Price Index (%)       3.25 3.15 3.23

For more information please see the attached report Annual Municipal Property Tax Increase

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