2021-07-20 Ex 03
City Council Agenda: July 20, 2021
Agenda Item
Proposed motion
Approval of maximum millage rate for advertisement for 2021 Tax notices, 8.6018 for
budget year 2021-2022.
Background: The proposed rate of 8.6018 is the current rate plus 1 mil.
Taxable Values used within the budget.
**CPI (Change in Per Capita Income) provided by State Statute, 4.43%
***New Construction value $3,775,002
Total Taxable
Value 96%*
FY
2020/2021
Budgeted
2021/2022 Taxable
Value: $347,778,134 $333,867,009 $318,932,293
2021/2022 Same
Property Values:
(Values w/o New
Construction)
$344,003,132 $330,243,007
Increase in same
properties
$12,222,432
3.69%
$11,733,535
3.69%
Millage Rate, 7.6018
generated Ad Valorem
Revenue
$2,643,740 $2,537,990 $2,424,459
2021/2022
Rollback/Rollforward
Millage Rate, 7.3317
(w/o New Construction)
$2,522,128 $2,421,243
2021/2022
Rollback
Millage Rate, w/CPI
7.6565**
(w/o New Construction)
$2,633,860 $2,528,506
2021/2022
Using the Current
Rate
of 7.6018 (w/o new
construction
$2,615,043 $2,510,441
Ad Valorem Revenue
w/Rollback Rate w/CPI
&New Construction***
$2,662,763 $2,556,253