Council holds first reading of ad valorem tax ordinance; rate described as 13.0¢ per $100

The Jamestown City Council conducted the first reading of Ordinance 2026-003, "Imposing ad valorem taxes in City of Jamestown for general municipal purposes, fiscal year 2026–27." A reader recited the ordinance language specifying that real and personal property would be taxed at "13.0¢ per $100 of assessed value" as determined by the Department of Revenue, and noted a discount of 2% for taxes paid on or before Dec. 31, 2026.

Chair (speaker S1) said the rate represents a decrease from the prior year (from "13.5" to "13.0" as discussed in the meeting). The ordinance text provided penalties and publication requirements for delinquent taxes. This was recorded as the first reading; the council did not adopt the ordinance at this meeting and will schedule a second reading before any final action.