Approve an ordinance amending Ordinance No. 20250813-001 adopting and levying a property (ad valorem) tax rate for Fiscal Year 2025-2026 to reduce the tax rate to the voter-approval tax rate.

The City Council is amending Ordinance No. 20250813-001 to reduce the property (ad valorem) tax rate for Fiscal Year 2025-2026 to the voter-approval tax rate. This action is required because voters did not approve the previously adopted tax rate in the November 4, 2025 election. The new rate will be $0.524017 per $100 of taxable value. This rate is composed of $0.113735 for debt service and $0.410282 for maintenance and operations. The effective tax rate will be raised by 3.5%, resulting in an approximate increase of $13.87 on a $100,000 home for maintenance and operations.

Residents will see their property tax rate reduced to the voter-approval level, with an approximate $13.87 increase on a $100,000 home for maintenance and operations, due to the outcome of the November election.

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