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Holly Springs staff propose 4.945 millage rate; city says it would raise about $5.6 million
Summary
City staff presented a proposed 2025 millage rate of 4.945 (rollback 3.945), saying it would generate just over $5.6 million and address rising insurance, healthcare and utility costs; no public speakers signed up and the hearing was closed.
Holly Springs City Council held a public hearing on the proposed 2025 millage rate, during which city staff presented a plan that would set the city millage at 4.945, above the rollback rate of 3.945 and the current 4.000 rate.
City staffer Denise said the proposed 4.945 rate "would generate just over $5,600,000 in revenues," approximately $1,100,000 more than the rollback rate. She gave an example showing a non‑homesteaded property assessed at $487,500 would pay about $195 in additional city taxes under the proposed rate; the same home with a senior exemption would see an increase of about $31.04. Denise noted those calculations use…
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