Daniel Figueroa IV, Staff Writer | PLANT CITY OBSERVER
The City Commission Monday approved the city’s $75 million budget, which includes the first property tax increase since 1991 and a 7.5% raise for municipal employees.
The most discussed issue among commissioners since budget talks began in July has been property tax. Plant City has maintained a $4.7157 property tax rate since 1991. The new budget increases the tax rate to $5.7157. Revenue from the increase will go into a fund dedicated to repairing and maintaining city roads.
In Plant City, the average home’s assessed value is almost $100,000. With the new property tax rate, the average Plant City homeowner will pay an increase of $4 per month in property tax, after the $50,000 homestead exemption. Commissioners approved the decision unanimously but said the decision did not come easy.