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TO: Members of the Board <br />of County Commissioners <br />DATE: October 11, 1993 <br />BOOK 90 f-nuE 759 <br />SUBJECT: FINAL TAXABLE VALUE CERTIFICATION FY 1993/94 <br />FROM: Joseph A. Baird �• <br />OMB Director <br />Description and Conditions <br />Indian River County has received the Final Certification of Taxable Value, form DR -422, <br />from the Property Appraiser's Office. Under Florida State Statutes 200.065(5) counties can <br />administratively adjust their millage when there is a 1% variance between the preliminary <br />and final certifications of value in the General Fund and countywide voted debt fund. <br />Special districts and M.S.T.U. (Municipal Service Taxing Units) may only adjust when there <br />is a 3% variance between preliminary and final certifications. <br />I have summarized our taxing units below: <br />Preliminary Final Difference <br />Taxable Taxable Taxable <br />Value Value Value <br />;Sil1.1)i <br />:;:::::::,•'::�::R:::;;;;>:��ria== r:::::':::`����':��<:::;:::z::::::: <br />5�4�31�4�,9i <br />M.S.T.U. 3,043,011,059 3,002,726,016 (1.32%) <br />Emerg. Serv. District 4,567,430,241 4,519,144,981 (1.06%) <br />Each taxing unit's taxable value was reduced over one percent. The General Fund and <br />Library G.O. Bond millages could be increased administratively; however, the M.S.T.U. and <br />Emergency Services cannot be changed. <br />42 <br />