Sarasota raises millage rate


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  • | 3:26 p.m. September 7, 2011
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  • Manatee-Sarasota
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The Sarasota City Commission approved a 2012 fiscal year budget on first reading at its regular meeting Tuesday that calls for a 5.3% millage rate increase.

The millage rate, if approved on second reading at the end of the month, would rise from 2.7771 mills to 2.9249 mills.

One mill equals $1 in property tax for every $1,000 of assessed value.

 

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