No roll back for property taxes

Santa Rosa County is planning on a bigger budget for fiscal year 2015 – the second year in a row for an increase after years of declining revenue. The total budget is expected to top $103.7 million. Although that amount includes more than a $2.2 million increase in proposed property taxes, commissioners are not expected to reduce property taxes.

For the past seven years commissioners have held the millage rate at 6.0953 mils. Because property tax revenues are projected to increase from $44.7 million to $47 million, property owners will technically see an increase in ad valorem taxation – unless the board rolls back the millage rate to 5.902 mils.

Read more in the Sept. 11 issue of Navarre Press or subscribe online here.

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