During a recent government meeting, the City Council of Stonecrest discussed the proposed millage rate for 2024, which has sparked debate among residents regarding its implications for property taxes. The council emphasized that while the millage rate will remain unchanged for the third consecutive year, property reassessments could lead to increased tax bills for homeowners.

Resident Dave Marcus voiced concerns about the potential impact of gentrification on long-term homeowners, arguing that the rollback rate should be maintained to prevent sudden spikes in property taxes as home values rise. He cautioned that deviating from this practice could force long-time residents out of their homes, despite the proposed increase being relatively small.

City officials clarified that the millage rate itself does not constitute a tax increase, as it has not changed. However, they acknowledged that property values are subject to annual reassessments, which can affect individual tax bills. For example, a homeowner with a property valued at $300,000 could see no change in their taxes if their property value remains stable and no enhancements are made.

Council members engaged in discussions to clarify the nuances of the millage rate and its implications for residents. They highlighted that Stonecrest maintains one of the lowest millage rates in the county, which they believe protects residents from higher tax burdens seen in neighboring municipalities.

The public hearing concluded with a unanimous vote to close the discussion on the proposed millage rate, indicating a move towards finalizing the budgetary measures for the upcoming year. The council's commitment to transparency and community engagement was evident as they navigated the complexities of property taxation and its effects on local residents.