And staff could certainly chime in on this, but what I'm seeing, the January 1, 2028 date for the minimum assessed value. So if you're saying 18 months, because it seems to me, that's probably the most pivotal date.
Common Council on 2025-11-04 5:00 PM - Special Meeting ·
But I don't think I did. So, when we collect, when we collect more money, the one thing I want to point out is a 1% increase in the tax rate gets about $200,000 in new revenue.
It really comes down to making it work from a overall tax and criminal financing standpoint. When you take a affordable workforce housing project, the assessed value decreases because the overall income generation decreases.
But it was shown a long time ago that a town city or village cannot grow itself out of property tax. If that was possible, there should be no property tax in large cities such as Madison, Milwaukee, Chicago, Los Angeles, New York.
Other questions for for brandon from the committee on the presentation alderman lemcke, was there anything in your study to project property tax growth because that's where the city you know, revenue would come from the increase in…