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City may reduce tax rate
Alderman suggests 15 cent tax decrease
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The lean financial years are over for the city of McMinnville. Under consideration is reducing the property tax rate by 15 cents, lowering it to $1.94.Finance Committee chairman Ken Smith, who recommended the reduction after years of being opposed to lowering the tax rate, says he has changed his mind about not reducing property taxes because the city is “flush with cash.”“I have, throughout my career, said I don’t want to reduce taxes. I want to keep them where they are and by growth, we would always have enough money to cover things.