The Pasco County Commission has adopted a tax rate for the 2020 fiscal year.
Truth in Millage (TRIM) notices that will be mailed out to property owners will reflect these rates:
- Property tax: 7.6076
- Municipal fire service unit: 1.8036
- Jail (bond issue): .0277
- Fire rescue (bond issue): .0222
- Parks (bond issue): .0100
- Library (bond issue): .0096
County Commission Aggregate Millage Rate: 9.3666
By law, the property tax rate on the TRIM notice can decrease but cannot increase before it’s adopted. The first public hearing is set for Sept. 3 at 6:30 p.m., at the Historic Pasco Courthouse in Dade City
Overall, the county’s taxable values increased by 9.3 percent from its values last fiscal year, according to Robert Goehig, the county’s budget director.
That 9.3 percent increase generates an additional $18.1 million in ad valorum tax revenues. The county has an agreement that provides half of that increase to the Pasco Sheriff’s Office. The board and other constitutional officers receive the other half.
Sheriff Chris Nocco had built his budget on an assumption of a 9.5 percent increase, which had been predicted earlier, but that projection turned out to be too high.
So, the sheriff has trimmed his proposed budget by about $300,000 to comply with the agreement, Goehig said.
Under provisions of Florida’s Save Our Homes, a tax increase for a homesteaded property is capped at 3 percent, or the rate of inflation as determined by the Consumer Price Index, whichever is lower. This year, the rate of inflation is 1.9 percent.
Published July 17, 2019