Tallahassee City Manager Anita Favors Thompson is recommending an 854 million dollar budget for the coming year. As part of her budget projection, Tallahassee homeowners may see their property taxes go up.
Today City of Tallahassee homeowners pay $3.70 for every thousand dollars of their home’s taxable value. But if the city’s new budget is adopted, they could see that number increase. The city’s Budget Manager Heath Beach, explained how that translates into dollars and cents.
“What that does is on the average of $150,000 taxable value, it will increase the property taxes by about $3.75 a month. Based off of some earlier research we feel that 80% of property owners will fall at that or below that rate,” Beach said.
The City Commission is holding public hearings on the budget in September before commissioners make a final decision on whether to increase the property tax rate. The proposed budget also includes an almost 3% salary increase for non-union city employees.
