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21 hrs ago The Monroe County Commission and Key West City Commission on Thursday tentatively agreed to raise property taxes for the upcoming fiscal year starting Oct. 1. The City Commission agreed to raise property taxes by 8% above the rollback rate, which is the same amount of revenue generated this current year, for non-homesteaded properties. Commissioners Sam Kaufman and Billy Wardlow voted against the proposed tax rate. The city budget includes 4% cost-of-living adjustments and $2 million for employee raises based on a compensation study expected to be received soon, according to Kaufman. The city also added 13 new positions for the fiscal year starting Oct. 1.

Tax increases on the horizon

The Monroe County Commission and Key West City Commission on Thursday tentatively agreed to raise property taxes for the upcoming fiscal year starting Oct. 1. The City Commission agreed to raise property taxes by 8% above the rollback rate, which is the same amount of revenue generated this current year, for non-homesteaded properties. Commissioners Sam Kaufman and Billy Wardlow voted against the proposed tax rate. The city budget includes 4% cost-of-living adjustments and $2 million for employee raises based on a compensation study expected to be received soon, according to Kaufman. The city also added 13 new positions for the fiscal year starting Oct. 1. The County Commission voted unanimously to raise the property tax by 5.5% above rollback for non-homesteaded properties. The commission set a tentative tax rate that levies about $332 per $100,000 of assessed property value for non-Homesteaded homes.

County Council takes steps to set budget and tax rates for next year

County Council takes steps to set budget and tax rates for next year
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