The City Council adopted a resolution to set the new proposed rate at $266 (for Year 1) per single family residence with an annual adjustment of 2% to keep up with inflation.
The MST tax rate for Year 1 for all properties is as follows:
For the tax rates for Years 2-10, see the table below.
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, Senior Management Analyst at firstname.lastname@example.org.