The MST tax rate for 2016 was $195 per single family residence
The City Council adopted a resolution to set the new proposed rate at $266 per single family residence with an annual adjustment of 2% to keep up with inflation. The new tax rate will go into effect in July 2017.
The proposed MST tax rate for all properties is as follows:
Where a Commercial Property is Occupied by more than one business, commercial, or industrial establishment, the Maximum Annual Special Tax is to be allocated pro rata to each establishment on the basis of its square footage.
Any Property which is Occupied for any portion of a Fiscal Year shall be considered Occupied for the entire Fiscal Year for purposes of determining the Maximum Annual Special Tax applicable to that Property for that Fiscal Year.
A Single Family Residential Property or a Multiple Family Residential Property that is never Improved or Occupied during the Fiscal Year shall be subject to a Maximum Annual Special Tax of $66.50 per year.
A Commercial Property which is never Improved or Occupied during the Fiscal Year shall be subject to a Maximum Annual Special Tax of $66.50 per year. Proof of vacancy or unimproved status is required.
Beginning with fiscal year 2018-19, the proposed tax rate shall increase in an amount equal to two percent of such Maximum Annual Special Tax.
Read the Full Resolution of Formation here.
Questions? Please contact Linn Walsh, Assistant to the City Manager at firstname.lastname@example.org.