By Jane Smith
City commissioners kept the property tax rate the same, but most property owners will likely pay more in taxes because taxable values increased by 7.9 percent in Boynton Beach, according to Assistant City Manager Tim Howard. Homeowners with a homestead exemption will see their property values increase by .7 percent for tax purposes.
The tax rate of $7.9 per $1,000 of taxable property value is 7.02 percent higher than the rollback rate of 7.38 percent, Howard said. The rollback rate is the tax rate needed to generate the same amount of property tax income as in the previous budget year.
The general fund for the next budget year is $79.4 million, a 3.8 percent increase over this year’s level. The public safety departments account for more than 65 percent of the budget.
To bring Fire Station No. 1 up to staffing level standards of six employees per shift, the city won’t dip into its reserves. Instead, it will postpone hiring the extra six firefighters until April, saving $210,000 while adding the same amount in the general fund.
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