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
 



 
Budget-1

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