Here’s the skinny on the final outcome of the tax rate discussion in both city and county:
| 2007 real estate tax rate, per $100 assessed value | 95¢ | 68¢ |
| 2006 real estate tax rate, per $100 assessed value | 99¢ | 74¢ |
| Operating budget increase | 11.3% | 5.6% |
| Real estate assessment increases | 14% | 30%* |
| Predicted local revenue increase from real estate taxes | 12% | 8.7% |
| Tax increase for $250,000 home (assuming average assessment increase) | $233 | $360 |
* County assessments are biennial
Sources: City Manager’s Office; County Executive’s Office
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