Providence progresses budget, tax rate

The Providence Village Town Council and Town Manager Brian Roberson discussed the proposed budget and tax rate at Tuesday’s meeting.

The proposed tax rate increased by 7.66%, going from $0.474743 per $100 valuation in 2025 to $0.511093 in 2026, which, Roberson explained, is connected to the average homestead taxable value decreasing by 7.30%, going from $320,548 in 2025 to $297,142 in 2026.

“This is different than previous years because the tax rate actually goes up because property tax or property values have gone down tremendously,” Roberson said.