By Mary Hladky

Boca Raton property owners will see a minuscule decrease in the city’s property tax rate if the tentative rate set on July 23 wins final approval.

“Taking direction from our goal-setting session this spring, staff is not recommending an increase in the tax rate for next year,” Deputy City Manager George Brown told City Council members.

The tentative rate is $3.6787 per $1,000 of taxable property value, virtually unchanged from $3.6788 last year.

But if approved at a Sept. 9 budget hearing, it will amount to a 4.2 percent increase in taxes. That’s because the city’s property valuations increased 4.9 percent this year. Boca’s taxable property value is now $25 billion, more than any other city in Palm Beach County.

If the tentative rate is adopted, a home with a taxable value of $1 million would pay $3,678 in city property taxes.

To bring in the same amount of tax money as last year, Boca Raton would have to roll back its tax rate to $3.3388 per $1,000 of taxable value.

Homeowners also will pay $10 more for fire protection if the tentative rate wins approval. The fire services assessment is increasing to $145 from $135. It also increased $10 last year.

The city is assessing only 54 percent of what it is allowed to assess. It is spending $23.5 million on fire protection services this year.

The Sept. 9 budget hearing begins at 6 p.m. in the City Council chambers. Council members will be able to lower the rate at that time but cannot increase it.

E-mail me when people leave their comments –

You need to be a member of The Coastal Star to add comments!

Join The Coastal Star

Activity Feed

Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
12 hours ago
Pippi posted an event
13 hours ago
Pippi posted an event
13 hours ago
Pippi posted an event
13 hours ago
Pippi posted an event
Monday
Mary Kate Leming posted a blog post
Monday
Pippi posted an event
Monday
Mary Kate Leming posted a photo
Monday
Mary Kate Leming posted a blog post
Apr 29
More…