|Bed & Breakfast Home||$6.50|
|Residential A (<$1M)||$4.00|
|Residential A (>$1M)||$11.40|
|Deadline for filing appeals.||1/15|
|Second-half year bills mailed.||1/20|
|Assessment roll sent to City Council.||2/1|
|Second-half year payments due.||2/20|
|End of tax year.||6/30|
|Beginning of tax year.||7/1|
|First-half year bills mailed.||7/20|
|First-half year payments due.||8/20|
|Deadline for filing dedication petitions.||9/1|
|Deadline for filing exemption claims.||9/30|
|Date of valuation.||10/1|
|Deadline to report exemption changes.||11/1|
|Assessment notices mailed.||12/15|
The law allows just one (1) home exemption; if a husband and wife live apart and own separate homes, each shall be entitled to one-half (1/2) of one exemption or to an exemption apportioned between their respective homes in proportion to the assessed value.
In order to qualify for a home exemption, you must own and occupy the property as your principal residence with the intent to reside in the city 270 days in a calendar year.
The home exemption is deducted from the assessed value and the homeowner is taxed on the balance. Current home exemptions by age group: $100,000 (<65 yrs); and $140,000 (>65 yrs).