The district approved the tentative milage rate 5-0 at a July 27 budget meeting.
Flagler Schools expects to lower its property tax rate this coming year.
That rate is expected to be 5.8650 mills, or $5.8650 per $1,000 worth of taxable value, and is expected to bring in approximately $70.44 million in revenue. The current rate is 6.002.
The proposed tentative tax rate for the coming year includes the district’s tax for the capital projects, which is remaining at the same 1.50 mill rate as last year and is expected to generate $17.29 million this year for construction, renovation and maintenance projects at schools.
The district’s overall property tax rate is decreasing because the portion that is dictated by the state Legislature — known was the “required local effort,” or RLE — has dropped for Flagler, from 3.754 in the 2020-2021 fiscal year to 3.617 for the coming fiscal year.
The district’s discretionary operating millage is remaining unchanged at 0.7480. The district approved the tentative milage rate 5-0 at a July 27 budget meeting.