Anna Maria: Taxes down 9 percent in new budget
By Rick Catlin. Islander Reporter
Ad valorem taxes for Anna Maria property owners will decline by 9 percent
under the 2007-08 budget approved on first reading
by city commissioners Sept. 6.
Commissioners
wasted little time in passing the $2.8 million budget
that will have a millage rate of 1.7882 for taxpayers, compared with
a 1.9651 roll-back rate. The vast majority of budget adjustments had
come during the commission’s
August work sessions.
The lower rate meets the Florida Legislatures state-mandated spending cut
of 9 percent for municipalities.
There will
be little decline in city services because Anna Maria’s increased property
values have compensated for the lower tax rate, Commission Chairman John Quam
noted.
A
mill is equal to $1 in taxes for each $1,000 of assessed
valuation. Under the new millage rate, an Anna Maria homeowner with a
house valued at $500,000 and with a $25,000 homestead exemption will
pay $849.40 in city property taxes in 2007-08.
The
final public hearing on the budget is scheduled for
6:30 p.m., Thursday, Sept. 20. |
