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Council adopts FY26 tax warrant; city uses 2012 assessment pending county valuations
Summary
The Milford City Council adopted the fiscal year 2026 tax warrant based on the city’s current assessed values and a 60¢ per $100 tax rate. Staff said county assessment updates from Kent and Sussex will be considered later and could require adjustments.
The Milford City Council adopted the fiscal year 2026 tax warrant, authorizing the city to prepare and issue property tax bills based on the city’s current assessment rolls. During a staff presentation, finance officials reported total assessed value figures and the tax-rate calculation used to produce the initial tax roll. Finance staff said the city’s tax roll shows total assessed property value of $1,465,000,000, including $368,000,000 in exempt parcels…
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