The property tax rate will stay the same in Osceola County.

Commissioners on Monday voted unanimously to maintain the general fund millage rate at 6.7 mills for the 16th consecutive year.

The millage rate is the tax rate used to calculate local property taxes, with one mill equaling $1 of tax for every $1,000 of taxable value.

So, for instance, on a property valued at $200,000, the property owner would pay $1,340 in general fund county property taxes (this doesn’t include other taxes like school taxes).

The county said to hold the line on the millage rate, it cut planned expenditures by $12 million, instituted a hiring freeze, and postponed nearly $92 million in capital projects.

The budget is more than $3.1 billion, paid for with a combination of general revenue property taxes, impact fees, and various funds. The final budget is about $24.4 million less than the fiscal year 2026 budget.

You can read the county’s budget book HERE.

Counties and cities across Florida are finalizing budgets in the next two weeks ahead of the new fiscal year, which starts Oct. 1.

Local governments are also finalizing their budgets with an eye toward Amendment 3, which, if approved by at least 60% of Florida voters in November, could dramatically slash local property tax rolls and reshape what local governments can spend money on.

The amendment would increase the homestead exemption for some property owners to $150,000 in 2027 and $250,000 in 2028, with further increases to the exemption after that.

Osceola County budget officials say Amendment 3 could reduce tax revenues by about $94.5 million through Fiscal Year 2029.