HomeMy WebLinkAbout1988-24 Sets Millage Rate at 4.25RESOLUTION NO. 24-88
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, 1988, 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, 1988, 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 $592,966,369
Current Year Taxable Value - Personal Property 29,209,943
Current Year Gross Taxable Property 622,176,312
Section 2. For the tax year ending December 31, 1988, a tax of 4.25
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 awned 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 4.25 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 4.25 mills
for the fiscal year ending September 30, 1989, 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repealed.
passage.
Section 5. This Resolution shall take effect immediately upon
PASSED AND ADOPTED THIS 92n,{ DAY OF SFPTFMRFR
ATTEST:
Village Clerk
-2-
, 1988.
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592,966,369
CURRENT YEAR TAXABLE VALUE - REAL PROPERTY
29,209,943
622,176,312
591,067,496
95% CURRENT YEAR TAXABLE
2,512,067
AD VALOREM TAX REVENUE
OPERATING MILLAGE
DEBT SERVICE MILLAGE
N
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TOTAL MILLAGE