Smyrna will hold tax hearings

Smyrna residents are invited to three public hearings on whether the millage rate should be increased which will require an increase in property taxes by 8.68 percent.

These hearings will be held at 10 a.m. and 6 p.m. July 18 and 10 a.m. July 25 in the Tax Office, second floor, Smyrna City Hall, 2800 King St., Smyrna.

This tentative increase would result in a millage rate of 8.99 mills, an increase of 0.718 mills, according to a city statement.

However, this millage rate of 8.99 has been the same since at least 2013 and is expected to yield an extra $2,152,803 this year - more than any year since 2013, the city statement added.

Without this tentative tax increase, the millage rate will be no more than 8.272 mills.

The proposed annual tax increase for a house with a fair market value of $300,000 would be around $78.98 and, for a nonhomestead property with a fair market value of $475,000, about $136.42.

The City Council is scheduled to set the millage rate at 7 p.m. Aug. 6 in the City Hall Council Chambers, 2800 King St., Smyrna.