Assessed property values in Longview are expected to increase nearly 10% in 2020, up from about $3.3 billion to $3.6 billion, according to a presentation city staff will give the council at its meeting Thursday night.
Property assessments previously increased more than 11% between 2018 and 2019.
The city is allowed to increase the property tax levy rate by no more than 1% each year. If the council approves the increase, which cities often do, the property levy rate in 2020 would be $2.66 per assessed $1,000. That’s an increase of about $23.83 annually for the average homeowner.
During its 7 p.m. meeting Thursday in City Hall, Longview City Council will hold a public hearing on general fund revenue sources next year.
The city is anticipating a little more than $38.5 million in revenue next year from taxes, permits, charges for services, fines and other means. About 78% of the city’s revenue comes from taxes, according to council meeting documents.
Of the budgeted tax revenue in 2020 (about $30 million), 35% comes from business and operation taxes, 31% comes from sales tax and 30% comes from property taxes, according to the city.
The city has estimated it will have about $40.7 million in expenditures in 2020.
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Also on Thursday, the council will consider adopting a “Complete Streets” ordinance and establishing a related advisory committee.
“The term ‘Complete Streets’ describes a comprehensive, integrated transportation network that provides safe and convenient access for all users of the roadway system, including but not limited to: pedestrians of all ages and abilities, motorists, motorcyclists, bicyclists, transit riders and vehicles, school buses and riders, freight vehicles, and emergency service providers,” according to council documents.
The council is also expected to adopt the updated Highlands Revitalization Plan, which was presented on Oct. 24.
The plan update, which began in June 2017 with a $20,000 Community Development Block Grant, found that efforts to improve the struggling neighborhood have had mixed results, with a “stunning” reduction in crime while also seeing a sharp increase in poverty.
In other business, the council will consider:
- Accepting as complete an improvement project on Third and 30th avenues.
- A third quarter financial review of the general fund from City Manager Kurt Sacha.
The council will hold a workshop on Nov. 14 regarding utility rates. The next regular meeting will be Nov. 21. The Nov. 28 meeting has been canceled to accommodate the Thanksgiving holiday.