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The tax increase comes as officials look to pay for growing expenses and get ahead of legislation that could threaten the town charter.
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The move paves the way for David Couch's development Christopher Village, which would bring more than 200 housing units to the area.
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Tensions are rising in Summerfield as former staff members prepare to take legal action against the town. This comes amid allegations of missing data and financial mismanagement.
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The move is the first step in developer David Couch's project called Christopher Village which would include 268 dwelling units.
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The proposed development would be on a portion of nearly 1,000 acres de-annexed from Summerfield last year.
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The move comes after an assessment by former state auditor Beth Wood showed missing data and alleged financial mismanagement.
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The decision comes after the state legislature de-annexed the land from the town of Summerfield in June.
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The property was de-annexed from the town of Summerfield earlier this year by the state legislature in connection with a development that has received local pushback.
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The decision is the latest in a saga connected to the town of Summerfield and a controversial project that is currently being revamped.
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The rezoning is the latest step in a years-long battle in the town of Summerfield over a proposed mixed-use project.