City looking for ‘modest’ property tax increase
Blaine finance director Meredith Riley said the city again will be asking for a modest increase in the property tax levy, but with other agencies taking a piece of the Blaine tax pie, the amount left over for the city’s general fund could stay the same or even decrease.
“We’re asking for one percent but depending on what the other districts levy we may not be able to take the full one percent,” she said at the October 24 city council meeting. Riley explained of the $3.60 maximum the state allows to be collected in local taxes per $1,000 of assessed valuation, the library district can take up to 50 cents and, since the 2004 annexation into Fire District 13, the fire district can take $1.50, leaving the city with $1.60. If the other districts take a few cents less, Riley explained, the city could go to $1.63, collecting one percent more property tax revenues in 2006 than in 2005.
For the owner of a $100,000 home, Riley said, they would be paying a city tax bill of $190 including the 27 cent levy approved by voters to build a new fire station in Blaine.
City council will hold a public hearing November 14 before approving the levy.