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Town adopts FY2025–26 budget, holds property tax rate at 52.57 cents per $100
Summary
Smyrna’s Town Council adopted the fiscal 2025–26 budget and set the property tax rate at 52.57¢ per $100 of assessed value, matching the prior year. Officials highlighted the town’s strong bond rating and the role of local sales and development in holding the rate steady.
The Smyrna Town Council adopted the town’s fiscal year 2025–26 budget and set the property tax rate at 52.57 cents per $100 of assessed value, keeping the rate unchanged from the prior year.
Rex, finance staff, told the council the budget and tax ordinance had been posted on the town website and outlined adjustments made since the council retreat. The budget passed after a motion and second; the clerk…
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