Canyon Tax Rate To Lower

Property taxes are going down in Canyon.

The city voted to lower the property tax rate but the collections are expected to go up because of the property tax increase.

The current rate is 42 cents per 100 dollars of property value. That lowers it down by 2 cents.

Still, the tax revenue will go up close to 280 thousand dollars, because the average taxable value of a home went up a lot.

The rate doesn’t trigger state requirements that could cause an election on the hike.