1 https://www.civicfed.

org/Effective_Property_Tax_2008_2017_RELEASE
2Each year, the City increases its levy to account for new property. The increase to the City’s levy
does not result in a property tax increase on existing taxpayers, but represents a tax on new
taxpayers. The effect on existing taxpayers is that, but for the additional levy, the City’s tax rate
would decline and their tax bill would be nominally reduced