SPRINGFIELD Springfield City Commissioners have tentatively agreed on a mileage rate for a new property tax. They agreed to 3.5 millage during a workshop meeting today.
That would amount to about $350 a year on a $150,000 home. City officials estimate the tax would bring-in about $685,000 a year.
They say they need the extra revenue to pay off some debts and keep up with the $800,000 annual budget.
"Wherever you go, you're gonna pay taxes,” said Mayor Ralph Hammond. “Good stewards show that it's well worth it and its not gonna be wasteful money. We already got a plan on paving. I think the community will be pleased with it."
Commissioners will continue holding workshops through the summer. They can't finalize the tax until the state county sets the latest property values.