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JUN 16 1982 <br />HOMER C. FLETCHER, INC. <br />AD VALOREM TAX CONSULTING <br />P. 'o. BOX 6460 <br />VERO BEACH. FLORIDA 32961.6460 <br />TELEPHONE <br />(905) 6e2.2925 <br />Mr. Ralph Sexton <br />P.O. Drawer 1208 <br />Vero Beach, Fla 32960 <br />Dear Sir: <br />50 52 <br />June 15,-1982 HOMER C. FLETCHER <br />PRESIDENT <br />In accordance with your request., I rave prepared an <br />estimate of the amount of revenue to be derived from a <br />millage levy on the taxable value for operating millages <br />county -wide and the taxable value for operating millages <br />for the City of Vero Beach. <br />The figures presented in the exhibit submitted are <br />I. <br />based upon information extrapolated from the 1981 Indian <br />River County Tax Roll on file in the County Tax Collector's <br />office as to taxable assessed valuations. <br />The millage rates used were the tax rate necessary <br />to generate approximately $ 548,000.00 dollars of revenue <br />for beach erosion purposes fora one year levy on the Indian <br />Fiver County Tax Roll... <br />I trust the information enclosed will prove to be <br />beneficial to you in your beach erosion efforts. <br />HCF/pm <br />Taxable Value For <br />Operating Millages <br />County Wide <br />Classified Use <br />Value <br />County Wide <br />City Of Vero Beach <br />Taxable Value For <br />Your very truly, <br />Homer C. Flet <br />1981 TAX -ROLL VALUATIONS <br />ASSESSED MILLS <br />VALUE .001 <br />$ 1,973,21.6,830.00 <br />$ 155,403,540.00 <br />$ 1,973,216.83 <br />$ 155,403.54 <br />00028 . ILLS <br />091 <br />$ 552,500.71 <br />$ 43,512.99 <br />Operating Millages .$ 602,581,990.00 $ 602,581.99 $ 548,349.61 <br />* The above taxable values for operating milleges for county -wide and City of Vero Beach on the <br />1981 Indian .River County Tax Roll disclose the amount of revenue that could be generated based <br />upon a levy of .001 or .00028 of a mill county -wide. City of Vero Beach based upon a levy of <br />.001 or .00091 of a mill. <br />Keeping in mind this represents the amount of revenue that could be expected from a one time <br />or one year levy at the aforementioned valuations and millage rates. The tax base in succeeding <br />years should because of growth should be higher and the millage levys correspondingly lower for <br />succeeding years. I <br />