This resolution sets the tax year 2013 City property tax mill levies for the Public Safety Levy (PSII) at 54.36 mills, General Obligation Debt Service Parks at .83 mills, General Obligation Debt Service Streets of 2.44 mills, General Obligation Debt Service Library at6.56 mills and General Obligation Debt Service Series A Baseball Stadium at 5.51 mills. These levies are based on the certified taxable valuation from the Montana Department of Revenue.

The total mill levy rate for tax year 2013 will be 178.70, which is 4.12 mills more than tax year 2012. The increase is mainly due to a shortfall in PS II for tax year 2012 - see below. 

PS II                   Assssed         Received      Difference

Real                  $7,856,873  -   $7,313,794    $(543,079)
Personal               $343,127 -      $302,112      (  41,015)
                                                    Shortage     $(584,094)
                                                    Delinquent    $318,769
                        Additional to assess in 2013    $265,325

The Council must hold a public hearing and then may:

• Approve the resolution; or
• Not approve the resolution.

Applied to a $200,000 home, the 178.70 mills would result in a City property tax of about $482 for 2013 compared to $471 for 2012.

Staff recommends that the City Council hold the public hearing and approve the resolution setting the mill levy rates for tax year 2013.