PC residents likely will not see a tax increase, commission votes on tentative millage rates

By Larissa Scott | lscott@wmbb.com

Published 07/26 2016 07:10PM

Updated 07/26 2016 07:10PM

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Panama City residents will likely not see an increase in taxes, as city leaders approved a tentative millage rate at Tuesday's commission meeting.
 
The city voted and approved to tentatively keep the millage rate the same as last year's, at 3.9740 mills.
 
That rate represents a slight reduction in property values. 
 
The Downtown Improvement Board is also opting to keep their millage rate the same as the year prior,  at 3.0000 mills. 
 
"Is it going to be a tax reduction, you'll have to look at your own tax bill when it comes out to see if it is or not, but as an overall across the city it will be a tax reduction in our revenues," said Panama City, City Manager Jeff Brown. 
 
The commission set the budget hearings for September 13th and 27th at 5:01 p.m.
 

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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