The Rollback Rate is .6864 per $100 of taxable value which is the highest tax rate that can be assessed without the threat of a petition for a public vote to be held on the tax rate.
The Effective Rate is .6366 per $100 of taxable value which is the tax rate that if assessed, would result in no tax increase.
Included in each tax rate is .1415 per $100 of taxable value which is pledged for nonrevenue supported City Debt.
The proposed Budget is utilizing the Rollback Rate of .6864 per $100 of taxable value which will result in an increase in taxes of $172,482.