Street Improvements Included in Property Tax Levy

Street Improvements Included in Property Tax Levy
Posted on 03/21/2019
When comparing the property taxes New Hope homeowners will pay in 2019 to comparably priced homes in nearby communities, the city's property taxes appear to be a bit higher than average. New Hope's total tax capacity rate in 2019 is 67.990% due to the issuance of bonds for a new police station/city hall construction. That percentage, however, does not take in to account that New Hope is the only one of those communities that does not levy special assessments for street infrastructure improvement projects.

In most communities, when a street project is done adjacent to a property owner's home, that property owner is billed for at least a portion of that project's cost. New Hope, instead, funds those projects through its annual street infrastructure levy. The cost of street improvements in New Hope is spread across all tax paying properties -- no taxable properties are singled out for special assessments.

Removing New Hope's street infrastructure levy from the tax capacity rate comparison puts it on an equal playing field with neighboring communities. In that comparison, the total tax capacity rate for New Hope in 2019 decreases to 59.228%. See the tables below.

2019 Tax Capacity Rate