The Baldwin City Council will hold its first millage rate public hearing during the council’s work session Tuesday afternoon.
The public hearing set for Tuesday will be the first of three public hearings to receive public comments on the proposed 2024 millage rate increase. The city’s millage rate is set to increase .689 mills from 8.481 to 9.170 mills. The increase will result in the city collecting $237,000 more in property taxes in 2024. A 27.4% increase when compared to 2023.
According to the city, property with a fair market value of $125,000 with a homestead exemption will see a property tax increase of approximately $16.11. Property of the same value without a homestead exemption will see a property tax increase of approximately $34.45.
The public will have two more opportunities to provide comments about the millage rate increase. The second millage rate public hearing will be held on Tuesday, October 15. The third millage rate public hearing being held on Monday, October 28.
The Baldwin City Council will meet for its work session on Tuesday, October 8, at 6:30 p.m. The meeting will be held in the Baldwin Police Department Training Facility, behind the Baldwin Police Department located at 155 Willingham Avenue in Baldwin.
