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Mayor proposes first property tax rate cut in a decade

City Hall.png
Bob Self
Florida Times-Union
The Historic Saint James Building in Downtown Jacksonville serves as City Hall.

As Jacksonville residents struggle to keep up with the nation's highest inflation in 40 years, Jacksonville Mayor Lenny Curry proposes a cut in the city's property tax rate when he delivered his budget to City Council on Thursday.

The city has used the same millage rate since 2013, even as the tax rates for the Duval County School District, St. Johns River Water Management District and Florida Inland Navigation District went down.

The booming real estate market has caused the city's property tax base to grow in leaps and bounds this year, prompting calls from some City Council members for a reduction in the millage rate when residents are facing soaring costs for everyday expenses such as gas and groceries.

Read the rest of this story at WJCT News partner The Florida Times-Union.