The city of Grantville adopted a tentative millage rate which will increase property taxes by 4.14 percent.
According to a press release from the city, the increase will result in a millage rate of 5.228 mills, which is .208 mills above the roll-back rate.
Public hearings for the tax increase will be held at the Glanton Municipal Complex on Thursday, July 29, 2021 at 9 a.m. and 6:30 p.m. and on Monday, Aug. 2, 2021 at 6:30 p.m.
"A millage rate of 5.228 mills restores the City to its financial position in 2020, partially compensates for the increased cost of materials, supplies and labor while providing employee benefits that have been advocated by council members without impacting the General Fund," states the press release.
Without the tax increase, the millage rate will be no more than 5.020 mills.
With the proposed increase, a home with a fair market value of $150,000, and a $10,000 homestead exemption, will be approximately $0.87 a month or $10.40 per year.
For a property with the same value, but without the homestead exemption, the tax increase will be $1.04 per month or $12.48 per year.
According to City Manager Al Grieshaber at a July 12 work session, a vote on the millage rate will be held at the city council's Aug. 23 meeting.