St. Augustine officials are holding their first workshop to discuss the city’s proposed 2026 budget, which could involve a property tax increase.
The workshop is at 9 a.m. Thursday in the Alcazar Room at City Hall.
One of the big talkers for residents and business owners is the possibility of the property tax rate going up by 2%.
The current proposal boosts the millage rate to 7.5 mills. The city would need to adopt that change to keep revenues the same as last year.
A millage rate of 7.5 would mean that a homeowner in St. Augustine would pay $7.50 for every $1,000 of their home’s taxable value.
The city has maintained the same tax rate for the last decade but would take on an additional $1.6 million in revenue compared to 2024 if the change is adopted.
That is, in part, because of r