Bay County Holds Tax Rate, Eyes Big Exemption Vote | Panama City Beach News

Bay County just locked in its highest possible millage rate—staying steady at 5.4362—meaning no hikes, but potential drops are still on the table. With the 13th lowest rate in the state, county leaders are focused on keeping costs low ahead of a major November ballot initiative that could boost homestead exemptions to $150K (then $250K) — requiring tax cuts to make those savings real. The first budget hearing is set for September 15, where they’ll tackle how to balance finances and ease the tax burden. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c19ccbb6d2348a03