Facing a multimillion-dollar budget gap, city commissioners voted Monday to allow a maximum possible property tax rate of $9.35 per $1,000 of taxable value, up from $8.35.
Such a hike, if approved, would add about $100 for every $100,000 of a home’s taxable value, Finance Director Jeff Greene said after Monday’s budget workshop.
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West Palm Beach budget hearings
Budget workshops are set for July 29, Aug. 19 and Aug. 22, and public hearings Sept. 12 and Sept. 25, with the tax rate to be set at the Sept. 25 meeting.