Mayor John Whitmire on Wednesday will propose a plan to keep the city’s tax rate as-is despite a growing and urgent need for more revenue.
If passed as written, residents will keep on paying around 52 cents per $100 dollars of their home’s assessed property valuation. Residents with a home that costs $300,000 would pay $1,530 each year to the city in taxes under the calculation.
While the tax rate remains the same, residents’ tax bills could increase when the value of their home rises…