Is Port Orange Property Tax Increase In Our Future ???
Bob,
The preliminary numbers released by the Property Appraisers office as regards Port Orange are as follows.
Total increase in value of $88.7 million or 2.7% comprised of $24.5 million in new construction and $64.2 million in increased assessed value of existing properties which represents a 1.95% increases in those assessed values.
The Manager’s “ bump” of an additional $100,000 over what was estimated at the budget workshop assumes that additional revenue is going to be raised on the $64.2 million in increased assessed values.
Increased revenue on that assessed value increase constitutes a tax increase for those properties something I had thought Council had said was not going to happen.
Have you or any other member of Council advised the Manager he should be counting on increased revenues from a property tax increase on existing property in Port Orange now being assigned a higher assessed value ??
Ted Noftall
From: Saunders, Wayne [mailto:wsaunders@port-orange.org]
Sent: Monday, June 03, 2013 8:09 AM
To: Kisela, Greg; Ford, Bob
Cc: City Council; DeptHeads
Subject: RE: Property Values
Greg, you are correct if the preliminary numbers we received from the Property Appraiser are correct. As you said, the numbers can change between now and the July 1 number. Wayne
From: Kisela, Greg
Sent: Monday, June 03, 2013 7:47 AM
To: Ford, Bob; Saunders, Wayne
Cc: City Council; DeptHeads
Subject: RE: Property Values
Bob: We believe the bump in Port Orange property values will generate an additional $80 to $100K over what we had estimated at the budget workshop. Wayne, please correct me if I am wrong. As you know May/June numbers can change quite a bid from late June/early July numbers.
Greg
From: Ford, Bob
Sent: Monday, June 03, 2013 7:30 AM
To: Saunders, Wayne
Cc: Kisela, Greg
Subject: Property Values
Read with interest in the paper this morning that Edgewater has been told by the tax assessors office that their overall valuations for this coming year are projected to be about 4% higher than last year. When we asked about valuations for Port Orange at our budget meeting, they were not available at that time. Since Edgewater has now received them they may be now available for Port Orange. Appreciate if you could check and let council know what the comparative figures for Port Orange. It would be of great help to know this as we go into budget deliberations.
best, Bob Ford
best, Bob Ford
