Millage Rollback Eases Tax Burden on Residents
Bella Vista, AR – In a move that reflects rising property values in Bella Vista, the City Council has approved a rollback of the base year millage rate from 6.0 mills to 5.73 mills. The adjustment, mandated by Arkansas Constitution Amendment 59, ensures that residents benefit from reduced property tax rates despite the city’s growing property valuations.
“This rollback aligns with our commitment to fiscal responsibility and ensuring that property owners are not overburdened,” said Mayor John Flynn. “The city’s financial health remains strong, allowing us to provide essential services while reducing the tax rate.”
The change is expected to provide relief to homeowners while maintaining sufficient revenue for the city’s operational needs. Residents can anticipate the updated rate to reflect in their upcoming property tax statements.
As Bella Vista continues to grow, the rollback highlights the city’s proactive approach to managing its finances and supporting its residents.