HomeMunicipalCity of Rochester Announces Dramatic Tax Rate Reduction Following $2.3 Billion Valuation...

City of Rochester Announces Dramatic Tax Rate Reduction Following $2.3 Billion Valuation Increase

Published on

City Manager Katie Ambrose reports that the Department of Revenue Administration (DRA) has finalized Rochester’s 2024 tax rate.

The 2024 municipal property tax rate has been set at $14.85 per thousand dollars of property value, marking a significant reduction of $10.89 from the prior year’s rate of $25.74. This dramatic decrease results from a citywide Full Statistical Revaluation, which increased the net assessed valuation to $5.1 billion, up by $2.3 billion from 2023.

The 2024 municipal tax rate breakdown is as follows:

  • City: $4.36
  • County: $1.65
  • Local Education: $7.70
  • State Education: $1.14
  • Total Tax Rate: $14.85

The Finance Department anticipates mailing the December final tax bills by December 30, 2024, with payment due 30 days from the mailing date. Interest will begin accruing on unpaid bills starting January 31, 2025.

City Manager Ambrose emphasized that this revaluation has stabilized tax rates and reflects significant growth in Rochester’s net assessed valuation. An analysis report on the 2024 Full Statistical Revaluation will be shared with the City Council in the near future.

  • Click here to see the full 2024 DRA Tax Rate Memo from the Finance Department.
  • Click here to see the Revaluation Memo from the Assessor’s Office.

Latest Posts

Azarloza Signs Settlement Agreement with Rochester School District

The Rochester School District and Superintendent Annie Azarloza have agreed to part ways, effective...

REMINDER: Municipal Offices CLOSED on 7/4 for Independence Day, Trash Pick-Up Delayed

In observance of Independence Day, Municipal Offices will be closed on Friday, July 4,...

Rochester Opera House Invites Audiences to ‘The Little Mermaid’, ‘The Producers’, and More

This summer, the Rochester Opera House is pleased to announce a season filled with...

Board of Ethics Accepts Investigation Findings on School Board Members, Public Hearing Scheduled for July 22

 The Board of Ethics met briefly on Tuesday, July 1, 2025, at 5:00 p.m....

More like this

REMINDER: Municipal Offices CLOSED on 7/4 for Independence Day, Trash Pick-Up Delayed

In observance of Independence Day, Municipal Offices will be closed on Friday, July 4,...

Rochester Opera House Invites Audiences to ‘The Little Mermaid’, ‘The Producers’, and More

This summer, the Rochester Opera House is pleased to announce a season filled with...

Board of Ethics Accepts Investigation Findings on School Board Members, Public Hearing Scheduled for July 22

 The Board of Ethics met briefly on Tuesday, July 1, 2025, at 5:00 p.m....