General property taxes are expected to continue the modest growth experienced in the last six years. The 2011 Budget collections are proposed at the same level as 2010. The total collections are estimated to be $36.6 million.

Property is reassessed every four years, with 2008 the most recent year of reassessment. The next scheduled reassessment is for year 2012. Property subject to taxation is assessed as a percentage of its fair market value. Residential properties and all land are assessed at 10%, other property and electric cooperative properties, excluding land, are assessed at 15%, and public service properties, excluding land, are assessed at 25% of fair market value. The assessor completes the current year tax roll after the budget is submitted to the Council for approval with adjustments other than nominal made during the year.