An Order to request the City Council vote to hold the annual Classification Hearing to vote on four (4) separate items in order to establish the tax burdens for each class of property.

This ordinance directs the City Council to hold the annual Tax Classification Hearing for Fiscal Year 2027 to determine how the property tax burden is divided among residential, commercial, industrial, and personal property classes. It requires votes on four items: the residential factor, open space discount, residential exemption, and small commercial exemption. The Mayor notes that open space discount is not applicable (no properties), and the Mayor has elected not to grant exemptions in the residential or commercial categories, meaning no changes to current assessments will be adopted at this time. The four votes, if approved, would set the tax burden allocations for FY27.