City will hold tax rate steady

by Marianne Gasaway

The City of Clear Lake intends to hold its tax rate steady for a sixth consecutive year.

The proposed City tax rate for the 2022 Fiscal Year, which begins on July 1, 2021 and ends on June 30, 2022, is proposed to remain unchanged from its current rate of $9.70 per $1,000 of taxable valuation.

“For six consecutive fiscal years now, the City’s share of the tax rate has either declined or remained constant, without an increase,” said City Administrator Scott Flory at Monday night’s City Council meeting.  “For Fiscal Year 2017, the City tax rate decreased from $10.54 to $10.04; for Fiscal Year 2018 the tax rate was decreased from $10.04 to $9.80; and for Fiscal Year 2019 the tax rate was decreased from $9.80 to $9.70.”

The recommended tax rate of $9.70 per $1,000 of taxable valuation would result in a tax bill for City government services of $786 in 2021-22 for a residential property with an assessed valuation of $150,000 (with Homestead Credit).  

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