Richmond Hill City Council will have a public hearing on its proposed 2016 millage rate prior to its regular-scheduled meeting Tuesday night.
The public hearing will be at 7 p.m., followed by the meeting at 7:30 at City Hall.
City Council is proposing the same 4.209 millage rate it has maintained for the past several years, meaning property taxes in the city will not increase.
“The tax digest decreased, so it’s technically a tax decrease,” City Manager Chris Lovell said.
The 2015 tax digest, which is the basis for the fiscal year 2016 millage rate, shows the city’s total gross real estate values at $499.1 million. That is a decrease of nearly $4.6 million from last year and a decline of $49.1 million from five years ago.
As a result, the city’s net revenue from property taxes has decreased from $2.25 million in 2010 to $2.02 million in 2015.