Water managers support lower millage rate - South Lake Press: News

Water managers support lower millage rate

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Posted: Tuesday, July 8, 2014 1:21 pm

The governing board for St. Johns River Water Management District — which included Lake — on Tuesday approved a tentative budget that reduces the millage rate for taxpayers.

The tentative 0.3164 millage rate would result in $81.8 million in revenue that would be part of a total $141.9 million budget for fiscal year 2014-15, which begins Oct. 1, 2014, according to a press release from Hank Largin, the district's public communications coordinator. The budget also is funded through state, federal and other district sources (including timber sales, cattle leases, interest earnings and permit fees).

The millage rate adopted by the board is approximately 3.6 percent less than the current year’s tax rate.

Under a 0.3164 millage rate — 31.64 cents for every $1,000 of assessed property value — the owner of a $200,000 house with a $50,000 homestead exemption would pay $47.46 in the coming year in property taxes to the district, Largin said.

Public hearings will be held at 5:05 p.m. on Sept. 9 and 23. Final budget adoption will occur at the Sept. 23 meeting.

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