Albert Park Council Freezes Residential Property Tax Rates for 2027

At its July 8 meeting the Albert Park City Council voted 5-2 to set the residential property tax rate for fiscal year 2027 at the same level applied in 2026. The decision covers the roughly 45,000 households within city limits and determines the amount collected through the annual levy administered by the finance department.

The vote followed review of the draft 2027 budget prepared by city staff. Council members examined revenue projections and expenditure needs before finalizing the levy amount. The action locks in the rate ahead of the October billing cycle that sets payments due in the following calendar year.

Direct Effects on Local Household Costs

Property tax bills sent to Albert Park addresses will reflect no rate change. A home assessed at the city median value of $425,000 will continue to owe $2,850 for the year. Residents who pay the bill in installments will see the same monthly withdrawal from bank accounts used for the current fiscal period.

The unchanged levy also keeps related service charges steady. The monthly solid-waste fee attached to each residential account remains $25. Combined, the two line items represent the largest direct municipal charges on most household budgets in the city.

According to the 2026-2027 budget document released by the finance department, property tax revenue is projected to total $52 million under the approved rate. That figure matches collections recorded for the prior year and supplies the portion of the general fund used for street maintenance, parks operations and public safety overtime.

Implementation Timeline

City staff will prepare and mail the 2027 tax statements by December 15. Property owners who participate in the automatic-payment program will see the first deduction processed on January 5. Any appeals of assessed values must be filed with the assessor’s office by the end of September to affect the upcoming levy.