Quote:
Originally Posted by kansasr
If you read the details of this proposal, the tax rate for next year is EXACTLY the same as last year's tax rate.
They are required to call it an increase, because it is above the "roll back" tax rate, which is based upon the increase of property tax values over the previous year.
Clear as mud? That's what Tallahassee wants with the way they set up the law to report tax rates....it's what allows Sumter County to claim that they're "reducing" their taxes every year, when in fact the actual taxes being collected are far outpacing the increase in population, but the rate based upon valuation is decreasing.
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That is excellent information. I am sure it will comfort those who are worried. Living on a fixed income is not the same as waiting for a bonus or extra money here and there.