Alexander property tax rate remains at 1.5-mills

For the third year in a row the Alexander City Council has approved a tax rate of 1.5-mills (0.15-cents) on real and personal property. The tax rate will be levied for the 2020 tax year to be collected in 2021.

In 2017 council members agreed to lower the tax rate from its normal 5-mils to 3-mills in anticipation of the passage of a one-cent sales tax in a November 2017 special election. Lowering the property tax rate was a promise made to voters in exchange for passage of the one-cent sales tax increase. Passage of the one-cent sales tax allowed the council to reduce the property tax rate to 1.5-mills in 2018.

Mitchell said Alexander’s property tax rate remains below Benton and Bryant.

During the announcement portion of the August 17 meeting;

Mayor Paul Mitchell asked council members to consider whether the city should hold its annual fall festival this year. Normally, it’s held in October at the city park. But, with issues surrounding CoVid-19 he is asking council members for their input.

CoVid-19 is also causing Mitchell to consider whether he should reschedule the annual Mayor’s Award Dinner. That usually takes place in September and is held indoors.