Make us your home page

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Proposed Kenneth City tax rate aims to keep pace

KENNETH CITY — This town, like several local governments in the county, is proposing to raise the tax rate in the coming year to make ends meet.

Kenneth City's proposed budget for the 2008-2009 fiscal year would increase the tax rate from its current 3.4448 mills to 3.9902 mills. A mill is $1 of tax for every $1,000 of non-exempt assessed property value.

The proposed millage would go to finance an operating budget of about $2.226-million, which is about $30,100 less than the current $2.256-million budget.

Kenneth City is not the only government to propose increasing its tax rate to offset losses caused by lowered property values and the effect of Amendment 1. The cities of Pinellas Park and Clearwater, and the Lealman Fire District and the Juvenile Welfare Board have similar proposals on the table.

But none of the millages are definite. All the bodies must hold two public hearings before passing final budgets and millage rates.

The millage rates could drop at those hearings, but they would not increase from the proposed rate. Kenneth City's first budget hearing is set for Aug. 28.

Although voters passed Amendment 1 in an effort to lower taxes, the legislation left a couple of loopholes. One of those is the ability to alter "roll" rates.

The roll rate is the tax rate, or millage, that a city would charge to get the same amount of dollars from property taxes that it got the preceding year.

It works this way: If property values stay the same from one year to the next, and a city wants to get the same amount of money, its millage, or tax rate, would not change.

But if property values go up and a city does not want to collect more money than it did the year before, it would decrease its millage, or tax rate. That's called a rollback.

If property values drop, the city would have to increase its millage rate to get the same dollar amount it got the year before. Some call that a roll forward.

Because property values dropped this year, Kenneth City would get less money than it did this year by maintaining the current tax rate. But because the town needs about the same amount of money for next year, it needs to increase the tax rate somewhat.

Proposed Kenneth City tax rate aims to keep pace 08/02/08 [Last modified: Wednesday, August 6, 2008 4:32pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. 24-year-old man charged with murder in shooting at Andrea Cove Motel

    LARGO — Pinellas sheriff's officers arrested a 24-year-old transient man Saturday in connection with a homicide at the Andrea Cove Motel in unincorporated Largo.

  2. Photo gallery: Calvary Christian rolls to state title


    View a gallery of images from Calvary Christian's defeat of Pensacola Catholic 11-1 in six innings Saturday night at Hammond Stadium in Ft. Myers for the Class 4A title.

    Calvary Christian players circle up on the field before the FHSAA class 4A baseball championship against Pensacola Catholic on Friday May 27, 2017 at Hammond Stadium in Fort Myers, Fla. Calvary scored 6 runs in the first inning, and had 7 hits.
  3. Two girls found safe after being reported missing in New Port Richey

    UPDATE: Both girls were found safe Saturday night, police said.

  4. IT failure blamed for British Airways cancellations (w/video)


    LONDON — British Airways canceled all flights from London's Heathrow and Gatwick airports on Saturday as a global IT failure upended the travel plans of tens of thousands of people on a busy U.K. holiday weekend.

    Passengers wait at a British Airways check-in desk after the airport suffered an IT systems failure Saturday at London''s Gatwick Airport. [Associated Press]
  5. Calvary Christian routs Pensacola Catholic to win state baseball title


    FORT MYERS — Calvary Christian left no doubt as to which baseball team in Class 4A was the best in Florida this season. The Warriors defeated Pensacola Catholic 11-1 in six innings Saturday night at Hammond Stadium to claim the school's first state championship in any team sport. It also solidified a 30-0 season. …

    Matheu Nelson celebrates after scoring on a wild pitch during the first inning, when Calvary Christian took a 6-0 lead.