Note: If I misstated some facts here, please notify me directly at [email protected] or submit a comment and I will correct the information if credible. July 28, 2009 - Tavares, FL - Last night the Lake County School Board voted unofficially 4 to 1 to hike property taxes by .25 mills to pay for capital spending and maintenance programs. This was NOT a final vote, but a preliminary vote, and the formal, final vote will be at a Board meeting on Sept. 8th. The issue, covered by newspaper articles at both the Daily Commercial and the Orlando Sentinel, was that the State legislature dumped on all School Districts by changing the allocations for a "2 mill" tax normally received by all Florida School Districts, but restricted to capital and maintenance spending. Thus, it can't be used for teachers or programs. A "mill" represents 1% of property values, thus a 2 mill tax would be $2 for every $100 in property values (residential or business). Or, it is $20 per $100,000 in property values subject to tax. Thus if you have a house with a taxable property value of $300,000, your annual tax of 2 mills would be $60. This tax... Read more →
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