Cedar Key commissioners voted 4-0 last week during a city budget workshop to set a tentative city tax rate at 4 mills, which, if approved during later budget hearings, would be an increase from last year's rate of 3.65 mills.
A mill represents $1 of tax assessment per $1,000 of assessed property value. For example, at 4 mills, someone owning a house in Cedar Key worth $100,000, would pay $400 in property taxes. Commissioners could still come down on the tax rate in future meetings.
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