Lakeland Keeps Tax Rate at 5.46 Mills

The city of Lakeland’s property tax rate will remain at $5.46 per $1,000 of assessed value, city commissioners decided Thursday in approving a $626.8 million budget. Boosted by a higher-than-expected dividend from Lakeland Electric and rising property values, the budget retains funding for downtown development incentives, affordable housing, a homelessness caseworker and design of a cultural history center at the main library.