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Seminole tax rate to remain unchanged next year, according to proposed budget

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.

Seminole tax rate to remain unchanged next year, according to proposed budget 06/29/13 [Last modified: Friday, June 28, 2013 4:50pm]

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