The Century Town Council approved a 151% property tax increase during a rare Saturday afternoon meeting, but failed to approve a budget due to an advertising error.
No member of the general public attended a public hearing held at 4:30 Saturday afternoon as the council unanimously approved a property tax rate that is 151.68% increase over what’s known as the rolled back rate. The rolled back rate is a computed millage rate that would generate the same amount of ad valorem tax dollars as the prior fiscal year, based on the proposed year’s tax roll, excluding new construction. A millage rate higher than the rolled-back rate is defined by the State of Florida as a tax increase and was advertised as such.
The council approved a static millage rate of 0.9204 mills, which is a 151.68% increase over the rolled back rate of 0.3657.
Century Approves 151% Property Tax Increase At Rare Saturday Afternoon Meeting
Views: