Byron’s levy rate stays the same in preliminary budget

By Gretta Becay

 

At their meeting Sept. 10, Byron city council members voted unanimously to keep the levy rate the same as last year at 60.60 in the city’s preliminary budget. That doesn’t necessarily mean your taxes due in 2025 will remain the same. The value of your taxable property probably went up as property in Byron remains very desirable. That value is used to calculate your property tax.

City Finance Director Cami Reber explained, “The Tax Capacity Value of property in the City as a whole increased by 2.49% from 2023-2024. It is the 2024 values that are used for the 2025 tax calculations.”

When you receive your Proposed Tax Statement from the county later this year, you will see if and by how much your property value increased. 

The council set the Truth in Taxation meeting for 6 p.m. on Dec. 10 in the Council Chambers, Byron City Hall, 680 NE Byron Main Ct. At that meeting, you may discuss the city taxes on your property with the council members.

After that hearing, council members will decide the final budget figures for 2025. The budget may decrease between now and the vote on the final budget, but it may not increase.