HomeMy WebLinkAboutRes 1986-18 Tax Levy on Real & Personal PropertyRESOLUTION NO. 18-86
A RESOLUTION OF THE VILLAGE COUNCIL OF NORTH PALM BEACH, FLORIDA,
LEVYING A TAX ON REAL AND PERSONAL PROPERTY LOCATED WITHIN THE CORPORATE LIMITS
OF THE VILLAGE OF NORTH PALM BEACH ON JANUARY 1, 1986, FIXING THE TOTAL
VALUATION THEREON AND THE TAX MILLAGE RATE THEREON FOR SAID TAX YEAR; AND
REPEALING ALL RESOLUTIONS IN CONFLICT WITH THIS RESOLUTION.
BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH, FLORIDA:
Section 1. That for the tax year ending December 31, 1986, the
valuation of all real and personal property within the Village of North Palm
Beach, excluding property owned by the Village of North Palm Beach, Palm Beach
County, State of Florida, and those properties exempted by State, County or
Village laws and ordinances, is hereby determined to be and is fixed as
follows:
Current Year Taxable Value - Real Property $565,235,679
Current Year Taxable Value - Personal Property 32,109,825
Current Year Gross Taxable Value $597,345,504
Section 2. For the tax year ending December 31, 1986, a tax of 3.422
mills on one thousand dollars shall be and is hereby levied, and shall be
collected on all real and personal property within the Village of North Palm
Beach, not specifically designated as homestead property or owned by the
Municipality and/or expressly exempted by the Laws and Constitution of Florida,
for the purpose of raising funds for the improvement and government of the
Village, and for the payment of its obligations and expenses and for the purpose
of carrying out the purpose and duties granted and imposed by its charter; which
is a tax of 3.422 mills that shall be and is hereby levied and shall be
collected on all real and personal property as set forth in above Section 1,
less Homestead, Widows', Disability and other exemptions for the purpose of
raising funds for the payment of the Village of North Palm Beach General Fund
Appropriations, which include the debt retirement.
Section 3. A statement of calculations for the tax levy of 3.422 mills
for the fiscal year ending September 30, 1987, is set forth on Exhibit A which
is attached hereto and by reference made a part hereof.
Section 4. All Ordinances or Resolutions or parts of Ordinances or
Resolutions in conflict with the provisions of this Resolution are hereby
repealed.
Section 5. This Resolution shall take effect immediately upon passage.
PASSED AND ADOPTED THIS 25th DAY OF SEPTEMBER , 1986.
FLO[' IDA
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Village Clerk
VILLAGE OF NORTH PALM BEACH
1986 TAXABLE VALUE
CURRENT YEAR TAXABLE VALUE - REAL PROPERTY
CURRENT YEAR TAXABLE VALUE - PERSONAL PROPERTY
CURRENT YEAR GROSS TAXABLE VALUE
95:':. CURRENT YEAR TAXABLE VALUE
AD VALOREM TAX REVENUE
DISTRIBUTION OF AD VALOREM TAX MILLAGE
OPERATING MILLAGE
DEBT SERVICE MILLAGE
TOTAL t4ILLAGE
EXHIBIT A
565,235,679.00
32,109,825.00
597,345,504.00
567,478,228.80
1,941,910.50
3.25
0.172
3.422