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HomeMy WebLinkAboutResolution No. 2024-025 A Resolution of the City of Arlington Establishing the 2025 Regular Property Tax Levy RESOLUTION NO. 2024-025 A RESOLUTION OF THE CITY OF ARLINGTON ESTABLISHING THE 2025 REGULAR PROPERTY TAX LEVY WHEREAS, the City Council of the City of Arlington has met and considered its biennial budget for the years 2025-2026; and WHEREAS, the City's Regular Property Tax actual levy amount from the previous year (2024) was $4,881,584.17; and WHEREAS, the population of the City of Arlington is more than 10,000, and BE IT RESOLVED by the City Council of the City of Arlington that an increase in the regular property tax levy is hereby authorized for the levy to be collected in the 2025 tax year. The dollar amount of the increase over the actual levy amount from the previous year shall be $48,815.84 which is a percentage increase of 1%from the previous year. This increase is exclusive of additional revenue resulting from new construction, improvements to property, newly constructed wind turbines, any increase in the value of state assessed property, any annexations that have occurred and refunds made. PASSED and APPROVED by the Mayor and City Council of the City of Arlington, at a regular meeting held on the 4th day of November 2024. CITY OF ARLINGTON 1 Don E. Vanney, Mayor ATTEST: L Wendy Van ber Meersche, i y Clerk APPROVED AS TO FORM: Ste iffle, City Attorney