Decorah City council raises the limit on possible property tax levy increase

The Decorah City Council has voted unanimously to increase the limit of how much the city's property tax levy will increase for the 2020-2021 fiscal year.

State law requires a limit of two percent per year in the growth of property tax revenues--or a resolution must be approved by a two-thirds vote of the city council.  The new limit approved Monday night is a 6.57 percent increase.  City council members say they will not be approving a budget with that large of an increase in property taxes, but it will be higher than the two percent limit because of a 1.58 percent decrease in property valuations for next year.

Another public hearing on the proposed 2020-2021 city budget will be held at 5:45 p.m. on Monday, March 16th at City Hall.