Page 22 - BudgetBookCover_FY26_Adopted.pdf
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PROPERTY TAX EXEMPTION
Homestead Exemption (Under 65)
17.5% or no less than $5,000
Disability Exemption
$30,000
65 and Older Exemption
$45,000
Senior Freeze (65 & Older)
After qualifying, the City portion of the tax bill imposed
may not increase. The dollar amount is frozen as long as
the property remains the individual’s residence and has
not increased in square footage.
Circuit Breaker - $20% Taxable Value Cap
A 20% cap on taxable value for non-homestead
property valued under $5M.
ADOPTED NET REVENUE FOR FY 2025/2026
$147M *
$48.5M
$98.5M Debt Service Fund
General Fund
General Fund
*Includes Current Year and Prior Year Collections
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