Taxes
2%
Collecting Agency - Regional Income Tax Agency
State Income Tax:
Graduated
Real Property Tax:
74.35 effective tax rate
Assessed Valuation - 2020
Real Property:
919,971,360
Tangible Personal Property:
No longer in place
Public Utility:
27,850,580
Total Assessed Value:
947,821,940
Bond rating:
Aa2
In May of 2010, Moody's Investors Service recalibrated the ratings of it's municipal clients. The City’s bond rating was adjusted from Aa3 to Aa2 as of July 2021. The City's bond rating is important to the City in that it directly effects the cost at which the City can borrow funds.