Fairview Town Council Approves FY2027 Property Tax Rate
The Fairview Town Council has approved a property tax rate of $0.329001 per $100 of taxable value for FY2027. The Council understands that any increase in property taxes affects our residents and did not make this decision lightly.
The adopted rate will generate approximately $8.55 million in property tax revenue, about $550,000 more than the No-New-Revenue Rate. For a median-value home in Fairview ($965,291), the increase is approximately $17 per month.
The additional revenue is needed to maintain the level of service Fairview residents expect, particularly Police and Fire protection, while addressing rising costs throughout the Town. Of the additional $550,000:
- $250,000 will be reserved to help address future increases in health insurance costs for Police and Fire employees. This is in addition to $1 million already reserved for this purpose.
- $300,000 will support employee retention, including increased health insurance costs, merit increases, and market-rate salary adjustments for Police, Fire, Public Works, and other Town employees.
The Council also took steps to reduce costs to residents in other areas. The Town reduced Water Fund revenue by approximately $664,000, allowing the proposed FY2027 water and sewer rate increases to be lowered.
The Council considered the No-New-Revenue Rate. However, adopting that rate would not have provided sufficient funding to maintain current Police and Fire service levels and meet increasing personnel and operating costs.
Fairview remains committed to responsible financial management while protecting the services that contribute to our community’s safety and quality of life.
