PROPERTY TAX RATES: WHAT IS MILLAGE?
PROPERTY TAX RATES: WHAT IS MILLAGE?
Property tax rates are set by millage, which is $1 for every $1000 of the propertys taxable value. A mill is the same as 1/10 of a per cent.
The governing board of the taxing authorities city and county commissions, water management districts, school boards, and special districts--decide the millage, or tax rate, at a public hearing. Also, some fees for services that are not based on your property value may be included in your property tax bill.
The taxing authorities propose a tax rate or fee that will be needed to support their budgets.
The Florida Constitution imposes a 10 mill cap on the millage set by any taxing authority. Ten mills is the same as 1%.
Each taxing authoritys portion of the tax bill consists of the applicable millage multiplied by the taxable value of the property.
For more information go to: http://www.tannebaumweiss.com/property_tax.php
Property tax rates are set by millage, which is $1 for every $1000 of the propertys taxable value. A mill is the same as 1/10 of a per cent.
The governing board of the taxing authorities city and county commissions, water management districts, school boards, and special districts--decide the millage, or tax rate, at a public hearing. Also, some fees for services that are not based on your property value may be included in your property tax bill.
The taxing authorities propose a tax rate or fee that will be needed to support their budgets.
The Florida Constitution imposes a 10 mill cap on the millage set by any taxing authority. Ten mills is the same as 1%.
Each taxing authoritys portion of the tax bill consists of the applicable millage multiplied by the taxable value of the property.
For more information go to: http://www.tannebaumweiss.com/property_tax.php
posted by Daniel A. Weiss at
4:35 PM
0 Comments:
Post a Comment
<< Home