HomeMy WebLinkAbout2026-06 Ad Valorem Tax Millage Rate FY 2026-2027ORDINANCE NO. 2026-06
AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF
flNORTH PALM BEACH, FLORIDA, ESTABLISHING AND ADOPTING THE
FINAL LEVY OF AD VALOREM TAXES FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2026 AND ENDING SEPTEMBER 30, 2027;
PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Village Council and Village Administration of the Village of North Palm Beach,
having reviewed the budget for the fiscal year commencing October 1, 2026, and ending
September 30, 2027 ("Fiscal Year 2027"), have established a millage rate to finance said budget
and to meet the needs and requirements of the Village and its residents.
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE
OF NORTH PALM BEACH, FLORIDA as follows:
Section 1. The Village Council hereby establishes and adopts an ad valorem tax operating
millage rate of 7.4000 mils for Fiscal Year 2027 and an ad valorem debt service millage rate of
0.000 mils for a total ad valorem tax millage rate of 7.4000 mils or $7.40 per one thousand dollars
of taxable assessed property value. This millage rate is 3.93% above the rolled back rate of 7.1204
mils.
Section 2. All ordinances or parts of ordinances and resolutions or parts of resolutions in
conflict herewith are hereby repealed to the extent of such conflict.
Section 3. This Ordinance shall be effective immediately upon adoption and implemented as
of October 1, 2026.
PLACED ON FIRST READING THIS 10TH DAY OF SEPTEMBER, 2026.
PLACED ON SECOND, FINAL READING AND PASSED THIS 24TH DAY OF SEPTEMBER, 2026.
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ATTEST:
VIL CLERK
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY:
VILLAGE ATTORNEY
YOR