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The city council unanimously approved the second reading of its 3.26 percent tax increase on Sept. 9.
Council members voted 5-0 to set the real property tax rate at $1.90 per $1,000 assessed value and the personal property tax rate at $3.07 per $1,000 assessed value.
Councilman Larry Giles was absent during last Monday night’s meeting.
The new compensating rates will add $6 per $100,000 assessed real property and $22.20 per $100,000 assessed personal property for the upcoming fiscal year.
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