Okaloosa County BOCC — July 14, 2014 — reading text

(a) Percentage increase in millage over rolled-back rate and the specific purposes for which ad valorem tax revenue are being increased. (b) Explain reasons for proposed increase over the rolled-back rate. (2) Millage rates at these hearings will be adopted prior to adopting budgets. (3) Hearings will be held after 5:00 p.m. on weekdays, or on Saturdays. 200.065(4) Board will certify by resolution to the Property Appraiser what actions were taken in the final hearing. 200.065 & BCC will complete and furnish to the Department of Revenue within 30 days of the final hearing a 200.068 completed millage process package. Millage Process package includes: (1) Copy of resolution (2) Copy of certification of value showing rolled-back rate millage and proposed millage rates. (3) Copy of advertisement pursuant to 200.065(3) 194.032(1)(a) The Value Adjustment Board appointed under the provisions of Section 194.015 will convene between 30 and 60 days after mailing of notices of proposed property taxes, to consider petitions for deceased assessments and denied exemptions. Page 1-8 Packet Pg. 13  Millage County-Wide Gross Certified Taxable Value $14,389,405,767 Unincorporated MSTU Gross Certified Taxable Value $6,838,300,016 Current Millage Rate $3.4308 per $1000 Proposed Millage Rate $3.4308 per $1000 Rolled-Back Rate (County-Wide) $3.3217 per $1000 Rolled-Back Rate (Aggregate) $3.4046 per $1000 Prior Year Maximum Millage Limitation $5.3552 per $1000 Adopted Tentative Rate per $1000 Certified to Appraiser for Notices of Proposed Property Taxes per $1000 Approved Millage Rate per $1000 Millage Required to Fund Proposed Budgets County-Wide FUND MILLAGE TAXES @ 96% General 3.2744 per $1000 45,232,411 County Public Health Unit 0.0478 660,075 Emergency Medical Services Enterprise 0.1086 1,500,000 Total County-Wide Millage $3.4308 per $1000 Total County-Wide Taxes $47,392,486 Non County-Wide Unincorporated Municipal Service and Taxing Unit (MSTU) $0.1800 per $1000 $1,181,658 Aggregate Millage Rate $3.5163 per $1000 Total County & Non County-Wide Taxes $48,574,144 Prior Year Millage Rates Fund MILLAGE TAXES @ 96% General 3.3001 per $1000 $43,794,626 County Public Health Unit 0.0478 $634,435 Emergency Medical Services Enterprise 0.0829 $1,100,000 Totals - Prior Year $3.4308 per $1000 $45,529,061 Page 1-9 Packet Pg. 14  Millage - Last Ten Years FUND FY06 FY07 FY08 FY09 FY10 General 1.8957 1.6449 1.5868 1.3802 1.3845 Fine & Forfeiture 1.8609 1.5519 1.5829 1.7748 1.7741 County Public Health Unit 0.0646 0.0547 0.0484 0.0520 0.0534 Capital Outlay 0.2386 0.2568 0.0000 0.0000 0.0000 Emergency Medical Services Enterprise 0.1902 0.1417 0.1262 0.0925 0.0779 Total County-Wide Levy 4.2500 3.6500 3.3443 3.2995 3.2899 Unincorporated MSTU 0.2085 0.2085 0.1888 0.1800 0.1800 Aggregate Millage Rate 4.3669 3.7417 3.4281 3.3802 3.3722 FUND FY11 FY12 FY13 FY14 FY15 General 1.4546 3.1153 3.1393 3.3001 3.2744 Fine & Forfeiture 1.6724 0.0000 0.0000 0.0000 0.0000 County Public Health Unit 0.0578 0.0602 0.0516 0.0478 0.0478 Capital Outlay 0.0000 0.0000 0.0000 0.0000 0.0000 Emergency Medical Services Enterprise 0.1051 0.1144 0.0990 0.0829 0.1086 Total County-Wide Levy 3.2899 3.2899 3.2899 3.4308 3.4308 Unincorporated MSTU 0.1800 0.1800 0.1800 0.1800 0.1800 Aggregate Millage Rate 3.3735 3.3744 3.3755 3.5156 3.5163 Millage Rate - Last Ten Years 5.0000 4.5000 4.2500 Rate/$1,000 4.0000 3.6500 3.4308 3.4308 3.5000 3.3443 3.2995 3.2899 3.2899 3.2899 3.2899 3.0000 06 07 08 09 10 11 12 13 14 15 Year Page 1-10 Packet Pg. 15  Fiscal Year 2015 Millage Percentage by Fund Emergency Medical Services County Public Enterprise Health Unit 3.2% 1.4% General 95.4% Millage Comparison FY14 vs. FY15 0.1086 Emergency Medical Services Enterprise 0.0829 0.0478 County Public Health Unit 0.0478 3.2744 General 3.3001 0.0000 0.5000 1.0000 1.5000 2.0000 2.5000 3.0000 3.5000 FY15 FY14 Page 1-11 Packet Pg. 16  Property Value - Last Ten Years Year Final Valuation Millage Taxes @ 95% Total Budget 2006 $13,576,903,661 4.2500 $54,816,749 $238,388,812 2007 $17,899,368,086 3.6500 $62,066,059 $292,259,226 2008 $18,806,640,352 3.3443 $59,750,295 $313,172,524 2009 $17,410,630,993 3.2995 $54,574,058 $304,080,099 2010 $16,213,042,985 3.2899 $50,672,326 $263,569,236 2011 $14,521,804,221 3.2899 $45,386,520 $280,421,796 2012 $13,802,468,365 3.2899 $43,138,304 $261,624,931 2013 $13,554,486,285 3.2899 $42,363,259 $257,241,963 2014 $13,795,170,133 3.4308 (2) $45,435,331 $279,897,664 2015 (1) $14,389,405,767 3.4308 (2) $47,392,486 $308,385,700 (1) Certified as of July 1, 2014. (2) Taxes at 96% Packet Pg. 17 Page 1-12  Trend Comparison Value vs. Millage 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Year Value Millage Trend Comparison Value vs. Budget 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Year Value Budget Page 1-13 Packet Pg. 18  Property Valuation Last Ten Years $20 18.8 17.9 17.4 16.2 14.5 14.4 $15 13.6 13.8 13.6 13.8 Billions $10 $5 $0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Year Millage Rate