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Rates to remain, but bills may rise

Property tax rates will remain the same here, but residents may see an increase in their total tax bills because property values have risen.

Once the preliminary tax rate is set and turned in to the county, it can be decreased but not increased by the city.

Indian Rocks Beach has proposed a $1.8-million general fund budget for fiscal 1996-97, which begins Oct. 1, according to City Treasurer Mary Karayianes.

Under the proposed tax rate, an average Indian Rocks Beach home valued at $126,000 with a homestead exemption of $25,000 would pay city taxes of $252.50.

Remember, total tax bills are affected not only by the city's tax, but also by higher or lower property values and taxes from other agencies, such as the county and School Board.

The city plans to use $125,000 to continue beach access improvements and $300,000 for repair and maintenance of the citywide drainage system.

Public meetings have been scheduled for 7:30 p.m. Aug. 21 and Sept. 4 at City Hall, 1507 Bay Palm Blvd.

Figuring your taxes

Indian Rocks Beach is proposing a 1996-97 tax rate of 2.5 mills, the same as this year. A mill is equal to $1 for every $1,000 of assessed, taxable property value. To determine your city taxes, take the assessed value of your home and subtract the $25,000 homestead exemption if you qualify. Divide that number by 1,000 and multiply by 2.5.

Up next:Correction

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