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The staff of the Tampa Bay Times

Kriseman wants small property tax cut



Mayor Rick Kriseman submitted his 2017 fiscal year budget to the City Council Thursday, recommending a small millage rate cut.

That was the major change from earlier budget presentations on the city's $508 million budget.

Kriseman is asking for a cut from 6.7700 to 6.7550 mills. The last cut three years ago during the final budget of former Mayor Bill Foster was similarly miniscule: 6.7742 to 6.7700.

A home valued at $100,000 would save $1.50 on its property tax bill. By comparison, the last tiny  tax cut saved that same homeowner 42 cents.

Property values rose for the fourth straight year, 8.61 percent over last year. Kriseman wrote that such strong growth allows for the cut.

You can delve into the budget details here.

[Last modified: Thursday, July 14, 2016 2:03pm]


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