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Century Approves Lower Tax Rate, $9.2 Million Budget
September 23, 2025
The Town of Century on Monday gave final approval to a $9.2 million budget for the next fiscal year and a property tax rate that is, by definition, a tax decrease.
The town council approved a tentative millage rate of .9204, the same rate that has been in place for several years.
That is 7.85% less than the rolled-back rate of .9988 mills, according to filed documents. The rolled-back rate is a computed millage rate that would generate the same amount of ad valorem tax dollars as the prior fiscal year, based on the proposed year’s tax roll, excluding new construction. While Century’s tax rate will hold steady, it is by definition a tax decrease as it is lower than the rolled-back rate.
Property tax is expected to generate $59,680 for the town budget.
The town council also approved a $9,203,199 FY 2025-26 budget.
Both the tentative budget and millage rate passed unanimously .
Comments
2 Responses to “Century Approves Lower Tax Rate, $9.2 Million Budget”
This is the smartest thing I’ve ever read about Century. Maybe there’s hope. Good work, Century.
Would you please show the Escambia County School Board how to think ! We will leave the lights on even though nobody’s there ?