City accepts BP settlement, sets lighthouse relocation timeline

Published: Thursday, July 18, 2013 at 10:22 AM.

For the sixth consecutive year commissioners adopted a “planning” tentative millage with full intent of coming down as close to the current millage as possible.

By law, taxing authorities have 30 days, or by Aug. 1, to provide the Property Appraiser and Florida Department of Revenue a proposed millage rate.

That is the rate showing up on Truth in Millage (TRIM) notices going out to property owners.

However, while crafting the budget, the taxing authority may still move down on its millage; but it is locked in from going any higher.

The city adopted an increase of one mill – a mill equals $1 for every $1,000 in assessed taxable property value – but commissioners emphasized they had little intention of levying that mill.

“We know we are going to come down,” Magidson said. “We’ve consciously left taxes and millage the same in recent years because water rates were going up. We didn’t want to hit people twice.”

Water and sewer rates are set to rise again in the fall for the third-straight year.

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