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2024-023
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2024-023
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Last modified
6/7/2024 12:34:02 PM
Creation date
6/7/2024 12:29:12 PM
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Resolutions
Resolution Number
2024-023
Approved Date
06/04/2024
Agenda Item Number
8.K.
Resolution Type
Supplementing Resolution 2023-004
General Obligaton Bond
Entity Name
Indian River County
Subject
General Obligations Bond Preserving Environmentally Sensitive Lands
Authorizing the issuance of not exceeding $25,000,000 in aggregate principal
amount of Indian River County, Florida
Document Relationships
2023-004
(Agenda)
Path:
\Resolutions\2020's\2023
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Setting the Millage <br />The Property Appraiser assesses and the Tax Collector collects all ad valorem taxes <br />within the County. While one tax bill emanates: from the Tax Collector,:the bill represents <br />ad valorem taxes levied by the County, the School District, municipalities and other taxing <br />authorities. The Florida Constitution limits the non -voted millage rate that counties may <br />levy on an annual basis for county purposes to 10 mills `'$10 per $1,000 of taxable real and <br />personal property value). The millage limitation does not apply to taxes approved at <br />referendum by qualified electors in the county for general obligation bonds (such as the <br />Series 2024 Bonds) and for certain other voter approved levies. <br />Each respective millage rate, except as limited by law, is set on the basis of estimates <br />of revenue needs and the total taxable property values. within the taxing authority's. <br />respective. jurisdiction. Revenues derived from ad valorem property, taxes are budgeted, as <br />required by Florida law; on the application of millage levies equal to 95% .of the non- <br />exempt assessed valuation of property in the county. Ad valorem taxes Ore not levied in <br />excess of actual budget requirements. <br />Historical and Current Millages <br />The following table contains the tax millage rates of the County and other taxing <br />authorities within the County for the Fiscal Years 2020-2024: <br />
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