Naples City Council approves property tax increase

Author: Aisling Swift, Gulfshore Business
Published: Updated:

Naples City Council approved a slight tax increase to 1.23 mills to pay for needed resiliency, public safety and quality of life expenditures.

Council voted 6-1 on Sept. 5, with Vice Mayor Terry Hutchison opposing, to increase its millage rate from 1.17 mills this year. No residents or businesses spoke during the city’s first public hearing on its 2024-25 fiscal year budget. The increase to the general fund will generate $2.05 million in additional revenues and increase this year’s $197.2 million budget to $208.8 million on Oct. 1, the start of the fiscal year.

Hutchison, who cited residents struggling to pay bills, also opposed the increase to 1.17 mills last year after the rate had remained unchanged since 2020. One mill is equal to $1 for every $1,000 worth of a property’s taxable value after adjustments, including a homestead exemption.

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