Boca Raton’s property tax rate will remain unchanged for the coming fiscal year, while the Beach and Park District may raise its levy by 19%.
The city’s proposed rate, presented to the City Council by City Manager Leif Ahnell on July 27, is $3.68 per $1,000 of taxable value.
While the tax rate is staying the same, it amounts to a modest tax increase because the city’s property valuations rose 3.8% this year.
The amount homeowners will pay for fire protection services will be $145, the same as last year.
Meanwhile, Beach and Park District commissioners on July 19 set a tentative rate of $1.05 per $1,000 of taxable value, up from 88 cents, which would give them an additional $5 million for capital improvements and park operating expenses. The increase, if approved, would mean an extra $168 in property taxes on a $1 million home.
Commissioners can lower the tax rate but not raise it further at budget hearings in September.
The first public hearing on the city’s tax rate and proposed 2021-2022 budget will be at 6 p.m. Sept. 13 at the city-owned building at 6500 Congress Ave.
A similar hearing on the district’s rate and proposed budget will be at 6 p.m. Sept. 15 at Sugar Sand Park’s Willow Theatre.
— Mary Hladky and