The July 21 issue of The Islander reported that Anna Maria’s tentative millage rate of 1.8665 for the new fiscal budget represents a tax increase. This is not correct, said city treasurer Diane Percycoe.
“If Anna Maria adopts a 1.8665 millage rate for 2010-11, it will be a 4.20 percent decrease from the current 1.7882 rate that was first adopted in the 2007-2008 budget,” Percycoe said. “This is a decrease in taxes. If the assessed values had remained the same, the roll-back rate of 1.8665 would have indicated the same taxes at the 1.7882 rate; however because of the decrease in assessed values, a decrease in taxes by 4.20 percent would be realized.”