Friday, July 23, 2010

Jacksonville Journal: Finance Committee OKs 9 percent tax increase

The property tax rate for Jacksonville property owners will increase by a maximum of 9 percent this year if the City Council approves its Finance Committee's recommendation on Tuesday.

The committee voted unanimously Tuesday to back Mayor John Peyton's request for the rate increase, which would allow the city to maintain its current level of property tax revenue despite declining property values.

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