This resolution sets the tax year 2014 City property tax mill levies for the Public Safety Levy (PSII) at 44.59 mills, General Obligation Debt Service Parks at .81 mills, General Obligation Debt Service Streets of 2.26 mills, General Obligation Debt Service Library at 6.25 mills and General Obligation Debt Service Series A Baseball Stadium at 5.21 mills. These levies are based on the certified taxable valuation from the Montana Department of Revenue.

The total mill levy rate for tax year 2014 will be 168.12, which is 10.58 mills less than tax year 2013. The decrease is mainly due to the tax protest settlement of Charter and Verizon. Public Safety II will receive approximately $1.2 million from the settlement, therefore, the amount levied for tax year 2014 will be $7 million for the Public Safety II mill levy.   

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 168.12 mills would result in a City property tax of about $450 for 2014 compared to $482 for 2013.

Staff recommends that the City Council hold the public hearing and approve the resolution setting the mill levy rates for tax year 2014.