Port Richey residents could see a slight increase in their property tax rate this year.
According to our partners at the Tampa Bay Times, the city council voted to set the millage rate for the 2013-14 fiscal year at the adjusted rollback rate of 5.4348, which is down from the tentative rate it set in July of 6.4348.
The current millage rate is 5.3202.
A mill represents $1 in tax for every $1,000 worth of a property's assessed value.
The rate will need approval at a second reading later this month.