Palm Coast City Council Sets Maximum Millage Rate for Fiscal Year 2027

The Palm Coast City Council approved a maximum millage rate of 4.2296 for Fiscal Year 2027 during its business meeting on Tuesday, July 21, 2026. The action allows the City to notify property owners of the maximum possible rate while Council continues reviewing the proposed budget ahead of the final public hearings.

The approved maximum is not the City’s final millage rate. Council may adopt the 4.2296 rate or lower it as the budget process continues, but it cannot exceed the advertised maximum without taking additional steps under Florida’s Truth in Millage process.

The City’s current millage rate is 4.0893. The rolled-back rate for Fiscal Year 2027 is 4.1387. The rolled-back rate is the rate that would generate approximately the same property-tax revenue from existing properties as the previous year, excluding revenue associated with new construction.

The maximum rate of 4.2296 is approximately 2.2% above the rolled-back rate. At the proposed maximum rate, new construction is expected to generate approximately $2.1 million in property-tax revenue.

For residents, one mill equals $1 in City property tax for every $1,000 of taxable property value. Based solely on the difference between the current rate and the proposed maximum rate, the estimated annual change would be:

Actual property-tax bills will vary based on each property’s taxable value, exemptions and annual assessment changes. The City’s millage represents only the Palm Coast portion of a property owner’s total tax bill.

“I want to thank the City Council for its thoughtful guidance throughout this process and our staff for the considerable work that has gone into developing the proposed budget,” City Manager Mike McGlothlin said. “This remains a collaborative effort, and we will continue carefully evaluating expenditures, service levels and potential savings as we work toward a responsible budget that meets the needs of our community.”

Setting the maximum rate preserves Council’s flexibility while staff continues evaluating expenditures, service levels and potential savings. The final millage rate and Fiscal Year 2027 budget will be considered during public budget hearings in September.

Stay informed with the latest news and information from the City of Palm Coast by following us on Facebook, Instagram, Twitter, YouTube, and LinkedIn. You can sign up for weekly updates by visiting www.palmcoastgov.com/government/city-manager/week-in-review