The Fayetteville City Council on Aug. 16 adopted the 2018 millage rate set at 5.646 mills, representing a 44.92 percent increase.
The council conducted the third and final public hearing on the millage increase prior to the regularly scheduled meeting. No one from the public spoke at the hearing.
The vote to adopt the millage rate was unanimous.
The city’s current rate is 3.874 mills. A breakdown of the proposed 5.646-mill rate shows a General Fund rate of 4.601 mills and a Capital Project Fund rate of 1.045 mills mainly for public safety needs. City staff previously noted that one mill equals $952,584 of total digest taxes of $5,378,290.
The increase translates to a $177.20 increase in property taxes for a home valued at $250,000.
