SEMINOLE COUNTY, Fla. – Homeowners in Seminole County will likely see the first increase to their property tax rate in over a decade as commissioners work to balance the budget for the upcoming year.
Tuesday, commissioners voted 4-1 to approve the proposed property tax rate, or millage rate, for the countywide general fund to 5.3571. It’s a 0.5 mill increase from the previous fiscal year of 4.8751.
- A 0.5 mill increase to the countywide property tax rate
- An increase of the Local Option Gas Tax from 6 cents to 11 cents per gallon, bringing Seminole County in line with every surrounding Central Florida county
- An increase to the Utility Services Tax in unincorporated areas, applied to electricity, natural gas, and water services
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Once the rate is finalized, the average homeowner would pay about $144 dollars more each year, according to an example given during Tuesday’s meeting…