Okeechobee County
Florida

Action Item
6172

PUBLIC HEARING: FISCAL YEAR 2020-2021 TENTATIVE MILLAGE RATE AND BUDGET RESOLUTION

Information

Department:BudgetSponsors:
Category:Public Hearing

Financial Impact

General Fund Ad Valorem Taxes of $20,424,003

Requested Action

That the Board of County Commissioners convene a Public Hearing pursuant to Section 129.03(3)(c) and Section 200.065(2)(c) and (e) and receive comments, questions or requests for the 2020 tax year;

 

That the Board of County Commissioners adopt Resolution 2020-__  adopting a tentative Millage Rate for the 2020 tax year, declaring that said millage rate is less than the rolled-back rate; characterizing said percent as the percentage decrease in property taxes; providing an effective date. 

Approved Action

Resolution 2020-75 adopting a tentative millage rate for the 2020 tax year, declaring that said millage rate is less than the rolled-back rate; characterizing said percent as the percentage decrease in property taxes; providing an effective date. 

 

Background/History

A public hearing will be convened pursuant to Section 129.03(3)(c) and Section 200.065(2)(c) and (e), Florida Statutes, for the purpose of receiving comments, questions, requests and/or concerns from the general public regarding the proposed millage rates.

 

Total Property Appraiser certified gross taxable value for the 2020 tax year is $2,553,000,382.

 

The TRIM Notice millage rate was 8.0000 mills allocated entirely to the General Fund, which would generate $20,424,003 in ad valorem taxes.  During the Budget Meetings, the Commissioners requested the General Fund budget be based upon 8.0000 Mills, which is tax decrease of 5.87% below the roll-back rate of 8.4991. Therefore, staff has developed the General Fund Budget based upon 8.0000 Mills, which will generate $20,424,003 ad valorem taxes for the 2021 fiscal year budget.

 

Staff is recommending the Board adopt Resolution 2020-__   adopting a tentative Millage Rate for the 2020 tax year, declaring that said millage rate is less than the rolled-back rate; characterizing said percent as the percentage decrease in property taxes; providing an effective date.