Palm Beach County Commission votes to cut millage rate

County taxpayers have tentatively been given a millage rate reduction for next year to offset an expected spike in taxes because of dramatic rises in property values.

The county commission voted 4 to 2 on Tuesday with Commissioners Melissa McKinlay and Dave Kerner opposed and Commissioner Maria Marino absent to cut the millage rate from the current 4.7815 per $1,000 of taxable value to 4.7150.

The measure will be taken up again by the commission in September when it conducts two public hearings to adopt a budget for the 2023 fiscal year. But the law says the budget cannot be raised; it can only be lowered from the 4.7150 level. So the vote Tuesday means that the millage rate will be reduced for the first time in 12 years.