Quote:
Originally Posted by NoMo50
Comparing our 2022 to 2023 Sumter County tax bills, I found the following changes in the millage rates:
1. Sumter County millage rate decreased 7.2%.
2. School taxes (county and local) increased 8.8%.
3. Wildwood city taxes decreased 5.7%.
4. Water Management taxes decreased 9.6%.
For the non-ad valorem items, the annual maintenance fee decreased 0.2%. The Sumter County Fire Assessment increased $1.00, from $124 to $125.
We live in District 13, so others may see differing numbers based on where you live.
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Our property tax millage and school millage changed the same amount even though we are quoting different numbers. You are comparing to your tax bill from last year while I am comparing to the rolled-back rate from the TRIM notice.
The rolled-back rate is the rate at which the county collects the same amount as the previous year. Theoretically, you will pay the same amount at this rate that you did last year since it balances an increase in assessments with a decrease in millage. In reality, the Save Our Homes Benefit and new construction affect this a little.
I compared the millage on this year's bill with the rolled-back rate from the TRIM notice. For property taxes the millage on the tax bill is 0.0074 less than the rolled-back rate or almost no change at all. For school taxes the rate is 0.716 higher than the rolled-back rate or a 16.8% increase.
The SWFWMD used the rolled-back rate. The decrease you see there (mine was 6.3%) is due to the Save Our Homes Benefit limiting your assessment and new construction adding homes to the tax rolls.