A proposed one-cent reduction in real estate taxes in Suffolk sounds like a win, but some neighbors say it does not make a difference as other costs continue to rise.
The proposal comes as the city works through its upcoming budget, which outlines changes to tax rates, fees, and utility costs for the next fiscal year.
According to the proposed budget, the real estate tax rate in Suffolk would drop from $1.07 to $1.06 per $100 of assessed value…