City Commission to host final hearing on 2027 budgets, property tax rates on Sept. 23

The New Smyrna Beach City Commission will host its second and final budget hearing to review next year’s proposed $75,095,015 New Smyrna Beach Utilities budget and $200,737,965 city budget at 5:30 p.m. Wednesday, Sept. 23.

The New Smyrna Beach City Commission will host its second and final budget hearing to review next year’s proposed $75,095,015 New Smyrna Beach Utilities budget and $200,737,965 city budget at 5:30 p.m. Wednesday, Sept. 23. Other items on the agenda include maintaining last year’s operating millage rate of 4.673 mills and increasing the debt service millage rate necessary to purchase environmentally sensitive land within the Turnbull Creek watershed from 0.1115 to 0.1695 mills. Millage is a tax rate defined as the dollars assessed for each $1,000 of value; 1 mil is $1 per $1,000 of assessed value. Mathematically, the equation is: taxable value ÷ 1,000 x millage rate = property tax owed. Using New Smyrna Beach’s average home value as an example: $343,226 ÷ 1,000 x 4.673 = $1,603. All are invited to speak to the mayor and commissioners for up to three minutes each shortly after the meeting begins in the James W. Hathaway Commission Chambers at 214 Sams Ave. Would you like to know more? Preview the agenda and watch live video or replay at https://www.cityofnsb.com/meetings and contact the City Clerk’s Office at [email protected] or 386-410-2630.