The Port Orchard City Council approved to set the property tax rate of $1.725 per thousand of assessed valuation for 2015 at the Nov. 12 meeting.

City Treasurer Allan J. Martin said the 2015 levy amount is based on an estimated at $2.32 million, which includes $28,829 for new construction.

The revenue will be budgeted with the city’s Current Expense Fund and Street Fund.

Martin the new rate would cost the owner of a $200,000 home $345 compared to $338 at $1.69 in 2013.

Councilman Jerry Childs, along with Councilwoman Cindy Lucarelli, opposed the proposed tax rate increase.

“I’m fine — obviously — with the levy rate that’s been set,” Childs said. “I’m not really fine with an increase in that, but I think there are other ways to come up with that money.”

During a public hearing last month, Martin said the estimated tax revenue is $7.86 million — $3.9 million coming from sales tax, $2.29 million from property tax and $1.67 million from other taxes.

Martin said he estimated that 49.6 percent of the 2015 tax revenue will come from retail sales and use tax, and 29.1 percent from property tax.

Compared to 2014, Martin said the sales tax revenue has increased an estimated 4.75 percent, while property tax has increased 2.6 percent. He noted that other tax revenue is expected to be down in 2015.

While estimates for other revenue are down 6.6 percent, the total overall increase was 2.1 percent more than 2014 figures. The total in 2014 was $9.1 million.

“Generally the city has traditionally budgeted conservatively on revenue — knowingly so and that has served the city well,” Martin said. “We budget revenue low and expenses high, and live somewhere in between.”

Regarding property tax collection, the city collected $2.18 million in 2012, $2.31 million in 2013 and budgeted to collect $2.24 million in 2014.

Martin noted the big jump in 2013 was because of the annexation of Bethel Corridor.