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Archive for July 27th, 2006

When is a tax cut not really a tax cut?

If you live in Dunedin, you are about to find out.

The Dunedin City Commission has voted in favor of lowering the city’s property tax millage rate from 4.425 to 4.29 per thousand. Normally, that would mean a modest decrease in property taxes. But because property values have gone up so much lately, the property taxes for Dunedin homeowers are likely to go up rather than down.

Still, the cut in the tax rate is a good thing, and should prevent major hikes in Dunedin property tax bills.

City staffers had recommended that the millage rate stay the same, saying the city could use the extra money for various programs. But the City Commission overruled them.

Still no final vote by the City Commission, but if they maintain their current course, the change in the millage rate would take effect in October.

Tags: Dunedin, property taxes