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Lincoln aldermen vote no increase
to property tax levy for 2019
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 [December 19, 2018]
LINCOLN
At the Monday night regular meeting of the Lincoln City Council,
aldermen voted to keep the property tax levy for the 2018 billing
year level. This tax levy for 2018 will impact the property tax
billed to Lincoln property owners in 2019.
The tax for the 2017 year billed in 2018 came to $1,778,273. This is
the same amount that will be levied for the 2018 year. In figuring
the property taxes, the city of Lincoln is required to seek a
specific total dollar amount. The amount charged to each property
owner is determined by the county with a formula that takes into
consideration the assessed value of the property and the total
dollars sought in tax levies by other entities.
The percentage that will appear on the property tax bills designated
to the city averages about 10 percent of the total, give or take a
percentage point or two, and is actually dependent upon the size of
other tax levies in comparison to the levy by the city.
City Treasurer Chuck Conzo had provided aldermen with tax levy
options that included the level tax and as well as a tax increase
based on the Consumer Price Index that would have permitted the city
to seek up to $1,806,266.
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Aldermen discussed the proposals at the Committee of the Whole meeting on
December 10th and agreed there that they did not wish to see the tax levy
increase.
Conzo also noted, the break down for how the money brought in would be
distributed, had changed slightly.
In 2017 the total tax levy included $1,595.285 for the general fund and $182,988
for one bond payment. Conzo explained that the bond payment would only be
$177,480 – a reduction of $5,508. He recommended that the extra $5,508 be placed
in the police and fire pension funds rather than into the general fund.
Prior to the voting session, a public hearing was held at City Hall in the
council chambers. During that hearing, no members of the public came forward to
speak about the levy.
During the voting session, Conzo explained the tax levy, then the vote was
taken, passing 7-0. Alderman Steve Parrott was absent for the evening.
[Nila Smith] |
