The City of Farmington is proposing to increase its property tax revenue, according to a notice published July 21.
If the proposed budget is approved, the city would receive an additional $285,108 in property tax revenue per year. This would represent a 4.99% increase in budgeted property tax revenue above last year's revenue, excluding eligible new growth.
Under the proposal, the tax on a $790,000 residence would increase from $654.36 to $686.94, an increase of $32.58 per year.
For a $790,000 business, the tax would increase from $1,189.74 to $1,248.99, which is an increase of $59.25 per year.
The City of Farmington is inviting citizens to a public hearing to discuss the proposed increase and the reasons behind it. The hearing is scheduled for August 18, 2026, at 7:00 PM at the Farmington City Hall Council Chambers, located on the 2nd Floor at 160 South Main Street, Farmington.
Citizens can participate in the hearing either in person or virtually. Instructions for virtual participation will be posted on the city website no later than 24 hours before the scheduled start time.
