Jacksonville City Council is a step closer to passing its property tax cut and budget bill amendments after a Finance Committee vote Sept. 3.
The committee voted 6-2 on three measures to pass a one-eighth cut to the millage rate for Jacksonville and the Beaches, with a slightly smaller cut for Baldwin.
The cut, which is supported by at least 10 Council members and opposed by Mayor Donna Deegan, would reduce city property tax revenue by about $13 million for the upcoming fiscal year and require reductions in the mayor’s proposed $2.02 billion operating budget for 2025-26.
One mill is equal to a $1 tax for every $1,000 of assessed property value. For the owner of a Jacksonville property with an assessed property value of $200,000 and a $50,000 homestead exemption, the annual tax savings w