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Your taxes are increasing

How much more money are you on the hook for?

How much more money are you on the hook for?

Nearly every government raised property taxes. How does your city stack up? 4

Jurisdiction 2016 rate 2017 rate Rolled-back rate Increase
DeBary

2.9247  

2.9247 2.8676 1.99%

DeLand1      

7.1579 7.0775 6.7965 4.3%

Deltona      

7.9500 7.8500 7.2784 7.9%

Lake Helen2    

7.8000 7.8000 7.3046   6.8%

Orange City 

7.4500 8.0650 7.0466 14.45%

Pierson        

5.8358 5.8358 5.4757 6.6%

Vol. County5

6.1000 6.1000 5.7579 5.9%

Schools           

6.8480 6.5200 6.4500 1.09%

Hospital6          

1.5900 2.3660 1.5017 49.8%

1 Includes 0.2544 mills for debt service  2 Will hold final budget hearing Oct. 12

3 Increase over rolled-back rate. The rolled-back rate would generate the same amount of revenue as in the previous year, based on this year’s property values. State law treats any tax rate above rolled-back as a tax increase.

4 A lesser rate can still be a tax increase. See our story.  5 Volusia County General Fund; the county imposes additional taxes for other funds.  6 West Volusia Hospital Authority

 

What’s a mill?

The rates shown are in mills. A mill represents the amount due for every $1,000 of taxable property value. For instance, a property with a taxable value of $100,000 and a tax rate of 1 mill would pay $100 in taxes — or $1 for every $1,000 of value.

To calculate a rough estimate of your home’s tax bill, find out your property’s taxable value, less any exemptions, such as the homestead exemption.

Divide the value by 1,000 and multiply that by the millage rate. (Keep in mind you probably pay several different millages, imposed by several agencies.)

For example, if you have a $200,000 home and a $50,000 homestead exemption, your property has a taxable value of $150,000. Dividing by 1,000 gets you to 150.

Let’s say you live in the city of DeLand. The total millage rate you would face is 22.9684, which includes county, school, Hospital Authority, city and a few other property taxes.

Multiplying 22.9684 by 150, you end up with an estimated tax bill of $3,445.26.

You can find your total tax rate on your TRIM (Truth in Millage) notice. These notices were mailed by the Volusia County Property Appraiser’s Office in August.

At the bottom of the third column is your estimated property-tax bill — already calculated for you.

 

The rate went down.  Why is this an increase?

Because, in many cases, the property value went up.

For each tax-collecting agency, the Property Appraiser’s Office calculates a rolled-back rate. This rate would bring in the same revenue as the taxing agency got from taxes on the same properties last year. (Annexed property or new construction isn’t counted in this equation.)

Let’s say you own property in Deltona that’s valued at $150,000 this year, with a $50,000 homestead exemption. Last year, your property was valued at $140,000.

Last year you would have paid $715.50 in City of Deltona taxes. This year, you would pay $785, even though Deltona’s tax rate went down.

Your property value went up, so you pay more even with a lesser rate. That’s a tax increase.

— Anthony DeFeo

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