Highlands City Council made a significant move during their recent meeting by unanimously approving Ordinance 2025-13-30, which sets the property tax rate for the upcoming year. The council voted to levy ad valorem taxes at a rate of 0.500984 per $100 of assessed valuation on all taxable property within the city limits.
Mayor Wilcox and council members expressed their support for the measure, emphasizing its importance in funding essential city services and programs. The approved rate exceeds the no-new-revenue rate, necessitating a special language in the motion and a record vote, which was successfully completed.
During the discussion, council members sought clarification on the voter-approved rate, confirming that the current rate aligns with the effective rate for this year. This decision marks a crucial step in the budget process, ensuring that the city can maintain its services while adhering to the financial guidelines set by voters.
As Highlands prepares for the 2025 fiscal year, the council's decision reflects a commitment to transparency and responsible financial management, setting the stage for continued community support and development.