Commissioners Seek Millage Rate Reduction

Manatee County Commissioners Seek Millage Rate Reduction
Posted on 07/28/2022
Board of County Commissioners (July 28, 2022)Manatee County Commissioners have proposed a new spending plan for Fiscal Year 2023 (FY23), including—for the second year in a row—a millage rate reduction.

A reduction of .20 mills would put the new millage rate at 6.3326. A mill equals one-thousandth (1/1000) of a dollar. This change means the county will collect about $10.5 million less in taxes.

For homeowners, savings would range from $50 per year for a home with an assessed value of $250,000 to $100 for a home assessed at $500,000. It would represent a $65 per year savings for an average household assessed value of $325,000.

In addition to that .2 mill decrease, Commissioners unanimously supported a motion to instruct County administration and staff to research opportunities to cut the millage rate even further—with additional .10, .20 and .30 mill decreases possible.

"We will be prepared—well before September 7—to provide you those scenarios," said Manatee County Administrator Scott Hopes. “We have put a substantial amount of money in this budget as an inflation hedge anticipating costs—both labor and materials.”

Property owners will see the new reduced rate in their new trim notices.