A CFA who closely follows City Budgets has the following information if you are doing any financial planning for the next year:
It APPEARS that we are headed for several years of double digit increases in residential property taxes due to the collapse of the commercial real estate sector similar to what happened in 2004. The city so far refuses to release the information necessary to make that calculation. While the numbers they currently have are tentative pending state approval and modification, it is unlikely there will be a significant change between now and the issuance of 3rd quarter tax bills in December. Rather than release the information which can settle this issue, they appear to be holding it until after the election so my assumption is that the news is not good.
I have made two requests (early September and this past Monday - 10/26) to the assessor's office for this information. Was told the first time that it wasn't available and have not received a response to my second request.