Monroe County Commissioners have decided not to raise property taxes in 2020.
Commissioners unanimously approved on Thursday, Aug. 20 to set the county’s 2020 millage rate at 13.187 mills, which is equal to the rollback rate.
According to 2020 Monroe County tax digest projections, 13.187 mills will generate $18,976,480 in property tax revenue, an increase of $197,071 from 2019 due to new development. Commissioners previously set their 2019 millage rate at 13.291 mills, but the 2020 tax digest increased by about 1.05% from 2019. Therefore, the county will reduce the millage by just over one-tenth of a mill to the rollback rate, which is the millage rate that will bring in the same amount of revenue on existing properties as in 2019.
District 3 Commissioner John Ambrose thanked Monroe County Finance Director Lorri Robinson for her work in preparing the 2020 millage proposal.
Commissioner Ambrose said, “There’s a lot of time involved in getting this together, and I appreciate what you’ve done with it.”
It is the second consecutive year that Commissioners have rolled back taxes after maintaining the same millage rate in 2018. Commissioners have not raised taxes since a 1.5-mill hike in 2017.
No one spoke at Thursday’s public hearing on the matter. Because Commissioners won’t raise taxes in 2020, there are no more required public hearings.
