CEDAR RAPIDS — For the fourth year in a row, Linn County’s levy rate will remain unchanged.
The Linn County Board of Supervisors on Wednesday approved its fiscal year 2018 budget of more than $111 million.
The budget locks in the countywide levy rate at $6.14 per $1,000 of taxable value, which makes Linn County’s levy rate the second lowest among the state’s six most populous counties, according to a Wednesday news release.
“Linn County has continued its long practice of building fiscally conservative, sustainable budgets that prioritize the services residents have come to expect while at the same time, respecting our desire to keep property taxes low and stable on an annual basis,” Linn County Supervisor Brent Oleson said in the release.
While the countywide levy has remained frozen, homeowners still may see an increase in their property tax bills due to the state rollback, which increases the taxable value on a home from 56 percent in FY 2017 to 57 percent in FY 2018.
In addition, the county’s rural services levy, which is separate from the countywide levy rate for residents in unincorporated Linn County, will be $8.85 per $1,000 of taxable value — a 27 percent reduction in the rural levy.
Linn County commercial and industrial property taxes will remain unchanged, and agricultural property owners will see a 2.8 percent increase in FY 2018 due to the state rollback.
Earlier this week, the Cedar Rapids City Council approved a budget that maintains the city’s levy rate of $15.22 per $1,000 for the ninth straight year.
l Comments: (319) 339-3175; [email protected]