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. New town homes sprouting in Oldsmar

    Real Estate


    Times Staff Writer

    OLDSMAR — City officials have been chipping away for several years on a downtown development plan, bringing new life to a 7-acre site on State Street. One day in the not-far-off future, they want to lively streets and walkways used by residents and …

  2. Study: Tampa Bay a top market for homebuyers on the move

    Real Estate

    The Tampa Bay area is among the top markets for homebuyers who are likely to move in the next few months, ATTOM Data Solutions says.

    The Tampa Bay area is among the top markets for homebuyers who are likely to move in the next few months, a survey found.
[Associated Press file photo]
  3. Tampa lawyer Fred Ridley to be new chairman of Augusta National, Masters' home (w/ video)


    AUGUSTA, Ga. — Fred Ridley first came to Augusta National to compete in the 1976 Masters as the U.S. Amateur champion, and he played the opening round in the traditional pairing with the defending champion, Jack Nicklaus.

  4. Rays send down Chase Whitley, Andrew Kittredge; add Chih-Wei Hu, activate Alex Cobb


    After having to cover more than five innings following a short start by Austin Pruitt, the Rays shuffled their bullpen following Wednesday's game, sending down RHPs Chase Whitley and Andrew Kittredge,

    The Kittredge move was expected, as he was summoned to add depth to the pen Wednesday in advance of RHP Alex …

  5. MLB commissioner Rob Manfred moves closer to wanting a decision on Rays stadium

    The Heater

    ST. PETERSBURG — Major League Baseball commissioner Rob Manfred called Wednesday for urgency from Tampa Bay area government leaders to prioritize and move quicker on plans for a new Rays stadium.

    MLB Commissioner Rob Manfred talks with reporters at Tropicana Field in St. Petersburg, Fla. on Wednesday, Aug. 23, 2017.