Jacksonville council approves reduced tax rate
It was unanimous Tuesday night as the Jacksonville City Council voted to lower the property tax millage rate for the upcoming year.
The amount will be finalized after a public hearing in September, but the reduction approved Tuesday would amount to a little over $12 per $100,000 in taxable value.
The 1/8-mill reduction would be the first since 2007. But it's not enough for Councilman Danny Becton.
“Because our economy’s in shambles, inflation is at 9.6%, our taxpayers are paying more in rents, mortgages, gasoline, food," Becton said. "I mean, they’re being — we’re all being — we are those people. And we all know what our bills look like.”
Council approved setting the city's tax rate at 11.3169 mills, or $11.3169 per $1,000 of taxable property value. It approved a different rate for Baldwin and the Beaches: 9.526 mills in Baldwin and 8.0262 mills at the Beaches.
A mill is equal to $1 for every $1,000 of taxable value.
Becton said property owners shouldn’t expect large reductions in their final tax bills — if any. That’s because property values are on such a steep rise.
Because of rising property values, the owner of a median-valued home will still pay $40 more than last year in city taxes — but $24 less than they would have if the tax rate wasn't lowered.
Becton said he’ll push for a further millage rate decrease as budget talks continue this summer. Council could still lower the rate it approved Tuesday, but it could not increase it under state law.