City council raises property tax rates 3.4 percent

The city council unanimously approved a compensating tax rate at its Sept. 10 meeting for the 2012-2013 fiscal year, a 3.4 percent increase from last year.  
In 2011 the city council approved the maximum 4 percent revenue increase, a 6.6 percent tax hike for taxpayers at $1.78 per $100,000.
Real property assessments for the city dropped by about $1.4 million since last year, according to Anderson County property valuation data.

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