The city of Commerce plans to increase property taxes by 49 percent — .44 mills — this year.
On a $100,000 piece of property, that increase will cost you $13 more than you paid last year, according to finance director Steve McKown.
The 2008-09 budget calls for a tax rate of 1.5 mills, compared to 1.06 mills last year and 1.66 mills for 2005 and 2004.
To comply with Georgia law regarding proposed tax increases, the city council will hold a series of public hearings. They’ll be held at 6:30 p.m. Monday, Aug. 11 at City Hall, Monday, Sept. 1, at 6:00 in the Commerce Civic Center and Monday, Sept. 8, at 6:30 p.m. at the civic center.
For more information on the proposed city budget - and other sources of revenue, see the July 16 edition of The Commerce News.