Millage Rate Set To Increase
OCALA - It's a problem plaguing municipalities across North Central Florida.
Property values are down, so local governments are in the process of raising taxes to maintain their revenue.
The latest is Ocala, where Tuesday night City Council members voted to raise the millage rate.
It was a unanimous vote to tentatively increase the rate 3.7 percent.
The move was made to offset the loss in property taxes from lower property values.