Florence signals possible property tax increase
by Mark Cowling | Florence Reminder & Blade Tribune
The Town Council approved a notice of intention to increase property tax at Monday’s meeting.
The council has yet to discuss raising taxes, but posting a notice of intention on the town website preserves its right to do so. State law now requires a 60-day notice, Florence Finance Director Rebecca Jimenez told the council.
The town did not increase its primary tax levy last year, when the tax rate was $1.06. Town staff is proposing to increase the tax rate this year to the maximum allowable levy of $1,319,321 with a maximum allowable tax rate of $1.08 per $100 of assessed value.
