Property values are a driver of local government budgets. Generally, as values increase, local property tax revenue rises, assuming governments don’t proportionately reduce their tax rates.
property taxes
Palm Coast Taxes Would Rise Modestly For Most in $37 Million General Fund Budget
The owner of a median-priced house in Palm Coast would see taxes rise from $28 to $33 next year, depending on which tax rate the council adopts.
Taxes Will Stay Flat For Most Property Owners in Flagler and Its Cities in 2017
Taxes have increased in Flagler County and in all five cities, but will be largely offset by a tax decrease in school taxes, while values have increased only marginally.
Gov. Scott Sought $1 Billion in Tax Cuts. Senate Cuts It Down to $129 Million.
The new tax-cut package will combine with about $290 million earmarked to hold down local property taxes that would otherwise go into the state’s school-funding formula.
$780 Million More for Education in Florida, But a $500 Million Property Tax Increase
The special session’s much-touted tax cut of $427 million is wiped out by a nearly $500 million tax increase to pay for education funding increases.
Attention Homeowners: Now’s The Deadline For Homestead Exemption Applications
Today is the deadline to file for a Homestead Exemption in Flagler County. If you miss the deadline, the Flagler County Property Appraiser’s office may be able to work with you within a reasonable window of time.
Facing Mandatory Spending, County May Raise Taxes by Nearly $100 for Median Home
In previous years, tax rate increases didn’t mean much because they were either entirely or more than offset by decreases in property values. The end result was lower tax bills for most, even as tax rates went up. That’s over. And tax rates are set to go up in every city, too.
Palm Coast Mayor Netts Says Amendment 4 Takes Taxes From “Screwy” to “Screwier”
Other Flagler government leaders joined Jon Netts in criticism of of proposed Constitutional Amendment 4, which would limit the tax liability of commercial, rental and vacant properties while lowering the tax liability of first-time home-buyers, but at the expense of local government revenue, which has been battered since 2007.
Property Tax Amendments on November 6 Ballot Would Cut Local Revenue Further
Florida voters in November will face a flurry of proposed amendments to reduce property tax levies for groups ranging from first-time homebuyers to disabled veterans, while preventing increases on those whose homes lose value.
What is the Roll-Back Rate in Property Taxes?
The roll-back or rolled-back rate is defined as it applies to property values and tax rates at budget time for local governments and property owners.