|
UNDERSTANDING
THE TAX ROLL BACK RATE
The tax rollback rate is the tax rate that would bring in
the same amount of dollars from the previous year. Whenever a taxing
authority does not reduce the millage rate to an amount that would bring in
the same dollars they are generating increased revenue.
Remember - Whenever revenue increases it is a tax increase.
This increase can be earmarked for specific purposes, for example, to meet
increased population needs and services.
This phenomenon of large tax increases is being seen throughout the State of
Florida as local government benefits from the surge in real estate
valuations. If not gotten under control, double digit tax increases could
easily become the norm rather than the exception. Government must be held
accountable and made to justify increases that go beyond inflation and
population expansion.
| |
Year |
|
Per Cent Increase |
|
| |
1997 |
|
15.1% |
|
| |
1998 |
|
3.68% |
|
| |
1999 |
|
7.02% |
|
| |
2000 |
|
5.98% |
|
| |
2001 |
|
6.47% |
|
| |
2002 |
|
9.78% |
|
| |
2003 |
|
13.25% |
|
| |
2004 |
|
13.12% |
|
| |
2005 |
|
29.02% |
|
(Tax data obtained from Walton
County Property Appraiser)
2006
Ad Valorem Rates In Walton County
| |
Road & Bridge |
|
1.9877 mills |
|
|
Fine & Forfeiture |
|
0.9984 mills |
|
|
Capital Projects |
|
1.3147 mills |
|
|
Hospital |
|
0.0203 mills |
|
|
School Local Required Effort |
|
2.0000 mills |
|
|
School Discretionary |
|
2.4560 mills |
|
|
NW Florida Water Mgt. |
|
0.0500 mills |
|
|
SW Mosquito Area |
|
0.1193 mills |
|
|
SW Fire District 2 |
|
0.8300 mills |
|
|
|
|
|
|
|
Total Millage Rate |
|
9.7855 mills |
|
