The Tyrone Town Council on Aug. 21 held with tradition and did not raise the millage rate on property taxes. That said, the 2.889-mill tax rate amounts to an increase since more revenue will be generated because property values have increased.
The millage rate was approved by unanimous vote. The increase in property tax revenue is projected to be $14,229, a 1.8 percent increase. The total number of dollars anticipated to be collected in property tax for 2014 is $920,468, according to Town Manager Kyle Hood. Read More»