How the council can change property tax rates and tiers

The council may increase or decrease the tax rate, and tiers, if applicable, for each class of net taxable real property established in accordance with section 3.48.305 . A resolution setting the tax rates and tiers should be adopted on or before June 10 preceding the tax year for which property tax revenues are to be raised according to the following procedures: A. The council must provide public notice of the date, time, and place of a public meeting to increase or decrease tax rates and tiers. The date of the public meeting should be not less than 10 days after public notice is first provided and must set the range of tax rates and tiers to be considered by the council. B. After the public meeting provided for in subsection A, the council should provide public notice and meet to adopt a resolution fixing the tax rates and tiers for the tax year for which property tax revenues are to be raised. The council must provide public notice of the date, time, and place of the meeting scheduled for fixing the rates and tiers. C. During adoption of an increase or decrease in the tax rates and tiers as provided by subsections A and B, if the council determines that it requires a further increase or decrease in tax rates and tiers, the council must provide public notice and follow the requirements of subsections A and B. D. If the council does not adopt a resolution by June 10, the mayor's proposed rates and tiers, transmitted with the proposed annual budget, will take effect. ( Ord. No. 5897 , § 2, 2025; Ord. No. 5776 , § 2, 2025; Ord. No. 5016 , § 1, 2019; Ord. 1076 § 3 (part), 1980: prior code § 6-1.90(b))