After a brief public hearing on the matter on Sept. 10, the Bellevue City Council heard a first reading on the proposed property tax rate for the fiscal year 2025-26. The rate, .364 per $100 of assessed valuation of real property (real estate), represents the compensating rate plus the 4% increase, the maximum allowed by […]
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Bellevue residents likely to see 15% decrease in property tax rate
Bellevue property owners will pay a lower tax rate if city council approves the new rate. The property tax rate for the 2024/2025 fiscal year will be .339 or $3.39 per $1000 in assessed value. This is a 15% decrease from last year’s rate of $3.98 per $1000, said City Administrator Frank Warnock. Council member […]