Skip to main content
News
Palm Coast Friday, Sep. 10, 2021 1 month ago

County Commission approves slight tax rate decrease

Share
The county government, like the Palm Coast city government, will lower the tax rate — but not enough to avoid a tax increase.
by: Jonathan Simmons News Editor

With Flagler County realizing a 9% increase in property values, county commissioners on Sept. 8 voted unanimously to lower the tax rate slightly in the coming year.

Because of the higher property values, the lowered rate will still bring the county government more tax revenue in the coming year than the county received in the current year, amounting to a tax increase. 

The county's current property tax rate is $8.5847 mills per $1,000 of taxable value, or 8.5847 mills, including 0.33 mills for debt service millage.

Commissioners voted to reduce the milage to $8.4847 per $1,000 of taxable value, or 8.4847 mills.

That amount is still expected to bring in $5.9 million more in taxes in the coming year than the county received this year. 

For a $200,000 house with $150,000 in taxable value, the difference between the two rates amounts to $15: A homeowner with such a house would pay $1,287.71 if the rate stayed at 8.5847 mills, and will pay $1,272.71 at the 8.4847 mill rate.

The rollback rate — the rate that would bring the county the same dollar amount in tax revenue as it received in the current year, and therefore would not constitute a tax increase — would have been an operating millage of 7.8475 mills.

For the $200,000 house with $150,000 in taxable value, the rollback would have meant a tax bill of $1,177.13.

The county's tentative budget for the coming year is $221,094,445, a total of $1,229,376 over the current year's $219,865,069 budget.

No members of the public spoke during the meeting's public comment periods. 

The council's next and final public hearing on the millage rate and budget will be at 5:01 p.m. Monday, Sept. 20.

Related Stories

Advertisement