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Impact of Millage Rate Reduction on
Village of Tequesta Tax Bill
Average City Tax Payer with Homestead Exemption
CPI December 2022 = 7.10%
Current RateRolled Back
Max increase in taxable value = 3%FY 21-22FY 22-23 Tax YearFY 22-23 Tax Year
Village TaxesVillage TaxesVillage Taxes
Just Value (Appraised Value)$ 427,000$ 439,810$ 439,810
Exemption Amount (50,000) (50,000) (50,000)
Taxable Value$ 377,000$ 389,810$ 389,810
City Total Millage Rate6.62906.62905.7879
(Per $1,000 of value)
Total City Taxes per Year$ 2,499.13$ 2,584.05$ 2,256.18
Difference with Proposed Millage Reduction$ (242.95)
Difference without Proposed Millage Reduciton$ 84.92