A proposed increase in property tax rates has been given tentative approval. This change is part of a budget process and would raise rates by nearly 10 percent. The new rate would be capped at a specific amount per $100 of taxable property value.
Further action is required before this change can take effect. Another vote is scheduled to take place during a public hearing. The impact on individual homeowners is expected to vary, depending on factors such as property value and exemptions received.
For some, the increase could mean an additional expense of around $138 per year.
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