42-20 Ordinance Levying Taxes and Fixing the rate of Property Taxation to Meet City Expenses for the Fiscal Year Ending December 31, 2021

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a 120ON COUNTY -CITY BUILDING p4 4Q PHONE 574.235.9216 227 W. JEFFERSON BLVD. x' FAX 574.235.9928 SOUTH BEND, INDIANA 46601-1830 W cid,-: CITY OF SOUTH BEND, IN JAMES MUELLER, MAYOR DEPARTMENT OF ADMINISTRATION AND FINANCE September 2, 2020 Ms. Karen White President, South Bend Common Council 4th Floor, County -City Building 227 W. Jefferson Blvd. South Bend, IN 46601 Filed in Cle k's Office SER u a 2020 Re: Ordinance levying taxes and fixing the rate of property taxation to meet City expenses for the fiscal year ending December 31, 2021 Dear Council President White: Attached, please find a bill for consideration by the Common Council of the City of South Bend fixing the property tax rate for the City of South Bend for the fiscal year commencing January 1, 2021 and ending December 31, 2021. This tax rate will apply for property tax assessments in fiscal 2020 with taxes payable in fiscal 2021. Similar to prior years, this bill has been filed with estimated property tax rates. The final property tax rates for each municipality in the State of Indiana are determined by the Department of Local Government Finance (DLGF) as part of the "1782" budget review process which, according to the state budget calendar, must be completed by February 2021. The actual property tax rates will depend on the 2020/pay 2021 net assessed valuation of property in South Bend. This bill is respectfully submitted for I -t reading filing with the Common Council for the council meeting on September 14, 2020, 2^^ reading and public hearing at the council meeting on September 28, 2020, with 3b reading and council vote at the council meeting on October 12, 2020. I will be available to discuss this bill at the appropriate sessions of the Personnel and Finance Committee and other meetings of the South Bend Common Council. Respectfully submitted, Daniel T. Parker City Controller 0