Rates for water and sewer proposed to increase to help fund capital projects
CEDAR RAPIDS — Cedar Rapids homeowners would pay the same property tax rate next year and many could see their tax bills even decrease under a plan discussed this week by the City Council.
As proposed, the city’s levy rate of $16.6562 per $1,000 of taxable valuation would remain unchanged from this fiscal year. But the state is decreasing its residential rollback — meaning that rate will be applied to a smaller portion of a property’s value…