The Columbia City Council declined to raise the city’s property tax ceiling after multiple council members expressed concerns that the move would undermine public trust.
The council voted 5-2 against raising the city’s property tax ceiling to 43.29 cents at Monday night’s meeting.
The city’s current property tax rate is 41 cents per $100 of assessed value, a rate that has been in place since 2002. A tax ceiling of 43.29 cents is the maximum amount the city can set without putting the issue to a public vote. The ceiling is used to calculate the maximum amount at which the property tax rate can be set.
Fourth Ward Councilman Ian Thomas was one of the five council members who voted no.
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