Springfield City Council┃Finance FY27 Tax Rate

Springfield City Council Finance/Tax Rate Committee meeting, November 13, 2026: The committee reviewed FY27 assessments, Proposition 2½ levy limits, property-value changes, exemptions, and tax-rate options. Certified new growth was a little over $8.7 million, nearly 90% from personal property; utilities accounted for 57% of that personal-property growth. The presentation also reported an initial $1 million allocation for targeted tax relief, with 51 applications received and a deadline extended to December 4, 2026. The mayor’s proposed tax-bill offset included $3 million in free cash and an additional $2 million offset discussed during the meeting.

The committee discussed the maximum residential tax shift, recommending a residential factor of 0.7846, which would set rates at $15.23 per $1,000 of assessed value for residential property and $33.96 for commercial, industrial, and personal property. The estimated average single-family tax increase was $185, compared with $244 the prior year. A motion to accept the tax rates as presented by the Board of Assessors with the mayor’s offset was seconded and approved by those voting; the full City Council vote was scheduled for November 24. Members also requested historical tax-increase data. No procurement activity was identified.