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  #11  
Old 09-16-2019, 11:53 AM
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JimJohnson JimJohnson is offline
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Quote:
Originally Posted by champion6 View Post
1. Wildwood is planning to cut taxes for 2019.
2. Yes, buyer in TV will still pay an infrastructure bond.

From an article in the online news site, dated Sept. 9, 2019:
Wildwood commissioners voted Monday night to cut property taxes for the coming year during the first of two hearings on a proposed $56.9 million budget.

Commissioners agreed to set the millage at 3.398 per $1,000 assessed valuation, which is equal to the rollback rate. That represents a reduction from the current rate of 3.658 and will be the lowest Wildwood residents have enjoyed in 30-plus years.

The building of homes at a rate of about 175 per month in the Villages of Southern Oaks is one of the reasons Wildwood commissioners were able to cut property taxes.

An example of what that means for residents is that the owner of a home assessed at $200,000 after homestead credits would pay about $680 in city taxes – down from about $740 this year. A property owner’s tax bill also includes levies for the county, schools and fire protection.

The proposed millage rate will result in ad valorem revenue of about $5.3 million, up from the 2019 budgeted revenue of $3.7 million. That increase comes in large part because of the growth boom in the Villages of Southern Oaks, where The Villages Land Company is building about 175 homes per month.

City Manager Jason McHugh said other elements of the economic boom that allowed for the cut in the millage rate include:
The Center for Advanced Healthcare at Brownwood and the Brownwood Hotel and Spa. Those projects carry a permit value of $200 million and are the most expensive structures to ever be built in the city;
Brownwood Professional Plaza;
A 24-hour emergency center;
Four new commercial buildings in Brownwood;
The Lofts at Brownwood apartments;
Trailwinds Village;
Freedom Plaza;
Growth in commercial areas such as the Cleveland Avenue corridor that will house new businesses and offer shopping, dining, entertainment and medical services;
Expansion in various industries;
Homes under construction in several areas and others that already have gone through the permitting process.
<snip>
Wow! I’ve googled till my fingers are bleeding, but never come up with this much information. Thank you.
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  #12  
Old 09-17-2019, 06:47 PM
pauld315 pauld315 is offline
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Wildwood didn't cut taxes, they set it to the rollback rate. What that means is they decided to stay revenue neutral as last year even though the county raised the property values in forms of your appraisal this year. Long story short, you will probably pay the same or very close to the same amount in dollars this year to Wildwood as you did last year even though your home is appraised at a higher level. This was very commonly done where I moved from.
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