SEMINOLE — The property tax rate would remain unchanged for the seventh year in a row under a proposed budget submitted Tuesday to council members.
The rate is about $2.48 per $1,000 of assessed, taxable property value. The owner of a home valued at $150,000 with a $50,000 homestead exemption would pay about $248 in city taxes.
The proposed 2013-14 operating budget is about $14.6 million, or about $556,828 less than the current budget. The numbers may change slightly before the Seminole budget is adopted later this summer. The county is changing the way libraries are funded, a move that could cost Seminole as much as $40,000, said Harry Kyne, the city's budget director. If that much is cut from the budget, library services would have to be reduced, he said.