North Port residents may have to put out more money in property taxes
By Francesco Abbruzzino, Publisher – The Scoop News
Who is ready for a tax increase in North Port? Well if you are not, you better prepare your budgets because it looks like it may be happening soon.
The city will be realizing a budget shortfall, even after cutting cost during their budget workshop. The budget under consider is about one million less, after the workshop, but it was not enough to avoid a tax increase.
So, the city is looking at increasing the property tax rate to 4.2787 mills. What does that mean to you? Well, it equates to about .87 cents increase pre 1k in taxable value of your property. So, if you home is valued at $200k, that will mean a annual increase of about $174 to cover the 12% growth of the cities budge.
That 12% increase covers the cost of new officers, body cameras, the new Aquatic Center, salary increases, insurance increase, and much more.