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ax ates <br /> • The property tax rates are calculated by dividing the City's <br /> property tax levy by the City's net tax capacity. <br /> • As you can see in the following table, the 2020 preliminary <br /> City tax rate will �ecreas� by �..429°�°"� from 2019. <br /> 2019 2020 Preliminary <br /> Budget Budget <br /> City Tax Rate: <br /> General revenue l evy 56.678% 55.377% <br /> Tax abatement l evy 0.707% 0.578% <br /> Total City Tax Rate 57.385% 55.956% <br />