Taxes

Local Income Tax: 
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.