Frequently Asked Questions – Annexation in General Q: What are the financial impacts of annexation?
• All annexed property owners will pay City property taxes and will continue to pay general County property taxes. The current City tax rate is 63.5 cents per $100 of property valuation. • Annexed property owners will no longer pay the fire district portion of County property tax. • City property taxes are deductible on federal and state tax forms for those homeowners who itemize deductions. • If you are already receiving City water and sewer services, the rate will be reduced by one-half after you are annexed. • Residents in single-family homes receive trash, recycling, yard waste, bulk trash, and appliance pick-up from the City. The cost of these services is included in residential property tax bills. • If applicable, City vehicle taxes also will be due. • If you are 65 or older, or if you are totally disabled and your income is $18,800 or less, you may apply through the federal Homestead Act to have your property tax reduced. Q: I’ve heard that City residents pay a stormwater fee. W
Related Questions
- I was paid incorrectly during the 2009/10 financial year. What impacts will this have on my novated lease arrangements through RemServ?
- Frequently Asked Questions – Annexation in General Q: What are the financial impacts of annexation?
- How could Sudan deter the negative impacts of the current international financial crunch?
