Jacksonville's tax rate likely to remain flat
The Jacksonville City Council is likely to accept the property tax millage rate in Mayor Donna Deegan’s proposed 2023-24 city budget, holding it steady for the next year.
The flat rate advances a year after council lowered the millage rate by 1/8-mill, the first drop since 2007, as part of Mayor Lenny Curry’s final city budget.
Council voted 18-0 on Tuesday to advertise the proposed millage rate of 11.3169 mills, or $11.3169 for every $1,000 of assessed taxable value on a property.
Although that’s the same rate as last year’s city budget, a property owner could see an increase in their overall bill because of rising property values.
Read the rest of this story at the Jacksonville Daily Record, a partner of WJCT News 89.9.