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Home My WebLink AboutHandouts_Workshop_7/21/2022 (2) Ad Valorem Taxes July 1, 2022 Valuation - PBC Property Appraiser Collection Rate95.0% Gross HistoryTaxable ValueTaxable ValueTaxable ValueTaxable Value 20232022 *20212020 Estimated Taxable Value$ 1,492,592,799$ 1,292,533,015$ 1,221,100,288$ 1,173,392,973 Divided by 1,000 1,492,593 1,292,533 1,221,100 1,173,393 Millage Rate 6.6290 6.6290 6.6290 6.6290 Gross Property Tax Levy 9,894,398 8,568,201 8,094,674 7,778,422 Net Property Tax Collections$ 9,399,678 $ 8,139,791 $ 7,689,940 $ 7,389,501 *- As adjusted by the Value Adjustment Board (a reduction of $2.9 million from July 2021 valuation of $1,295,434,699). Reduction ScenariosFull Rolled1/2 Rolled1/4 Rolled Back RateBack RateBack Rate Rolled Back Rate Impact$ 1,492,592,799$ 1,492,592,799$ 1,492,592,799 Divided by 1,000 1,492,593 1,492,593 1,492,593 Millage Rate 5.7879 6.2084 6.4187 Gross Property Tax Levy 8,638,978 9,266,613 9,580,505 Net Property Tax Collections$ 8,207,029 $ 8,803,282 $ 9,101,480 Impact on Proposed Budget RevenueReduction Rate Proposed 6.6290 9,894,398 Rolled Back Rate 5.7879 8,638,978 (1,255,420) 1/2 Rolled Back Rate 9,266,613 (627,785) 1/4 Rolled Back Rate 9,580,505 (313,893)