FL Dept Rev - Florida Local Tax Types
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TOWN TAX ORDINANCES
LINKS
Orange County Property Appraiser's
TAX THAT MAY APPEAR ON YOUR BILL THESE INCLUDE STATE, COUNTY
and LOCAL TAXES
Local Option Taxes Authorized by the Legislature Local Discretionary Sales Surtaxes: Charter County Transit System Surtax Local Government Infrastructure Surtax Small County Surtax Indigent Care and Trauma Center Surtax County Public Hospital Surtax School Capital Outlay Surtax Voter Approved Indigent Care Surtax Local Option Food and Beverage Taxes Local Option Fuel Taxes Municipal Resort Tax Tourist Development Taxes: 1 or 2 Percent Tax Additional 1 Percent Tax High Tourism Impact Tax Professional Sports Franchise Facility Tax Additional Professional Sports Franchise Tax Tourist Impact Tax Convention Development Tax Consolidated County Convention Development Tax Charter County Convention Development Tax Special District, Special, and Subcounty
Convention Development Tax
Oakland's Town Budget is comprised of 3 Funds
General Fund which is the Town Operating Fund
Special Revenue Fund which is Collection & Expenditures of Restricted Use Impact Monies
Enterprise Fund which is the Water Department's Operating Fund
The Charter School Operates under a separate budget and receives separate funding through
the Department of Education.
THE PROCESS:
Each year the Town receives from the Orange County Property Appraiser
the Recap of the Ad Valorem Assessment Roll which lists all the categories
of valuation. Please view the 2008 and 2009 reports 2008-2009 Property Appraiser Recap.pdf
Changes on page 1 note that more homes qualify for more exemptions which reduces
the amount available
Net assessed value went from $368,342,061 to $297,786,961, a loss of $70,545,100
Changes on page 2 note that under the following categories
New construction our taxable value reduced from $14 Million to $2.7 Million
Additions reduced from $385,000 to $58,702
Deletions from $389,000 to $224,348
New Value on this page went from $14,664,470 to $2,600,625, a loss of $12,063,845
As reported the Town lost approximately 14% of its valuation
The Property Appraiser then sends out the Certification of Taxable Value
this gives the Town the Current year adjusted taxable value (line 6) to base its Millage calculations
2009 Certification of Taxable Value.pdf
Based upon the millage calculation the Manager has a number to put in the revenue line for Ad Valorem Taxes
For the current year 61% of the general fund operating budget comes from Ad Valorem Taxes
The Town Manager reviews current operating expenses to develop the budget, adding in any capital
projects that will utilize restricted impact monies. (Impact funds can only be used for projects that
are related to "new growth", not general operating or repairs). For the general fund operating
budget revenues, county and municipal revenue estimates are performed by the State
County and Municipal Revenue Estimates -
The Florida Legislative Committee on Intergovernmental Relations
Last year alone 3 reductions occurred in the revenue projections, which meant the slowing of
projects to insure that funds would e available to cover expenses
The Manager develops the budget and presents to Town Commission to set a Millage Rate.
Traditionally we have raised the millage rate 1 Mill to get us to the first budget hearing.
Under the law Town Commission can always lower a rate, but never raise it once it has
been set. Since we rely on State and County budget numbers for revenues and expenses we
are conservative in our approach.
TRIM (Truth in Millage)
The Tax Collector then sends out the Notice of First Hearing through the TRIM Notice that is
received from the Property Appraiser. For more Questions and Answers on this notice visit
TRIM "Notice of Proposed" FAQs (www.ocpafl.org)
An example of a TRIM Notice TRIM VALUE INFORMATION.doc The TRIM Notice explains all
jurisdictional tax levies.
BUDGET HEARINGS
Meetings held in September cannot conflict with the School Board and must meet State timelines so
the dates vary from the usual Tuesday night meeting.
Town Commission has the first budget hearing and advises the Town Manager on a budget direction,
to research further any questions and make suggested adjustments.
Town Commission then has the final budget hearing which has been advertised in the newspaper.
At this hearing the final Millage Rate is determined and the budget document approved.
During the year budget adjustments are made during Town Commission meetings
reflective of revenue and expenditure explanations.
The Town constantly monitored its budget and adjusted for decreases in State revenues, slow or
non-payment of taxes and bills. For the upcoming year the Town faced the largest decrease in
overall property values. (14%). This left us with a shortfall of $286,000 as compared to last year.
While we have cut back and done some reorganizing over the past 2 years we were faced with
meeting this shortfall, addressing rising costs and seeking to fund the priorities of police, fire
and services such as roads, trash pickup, drainage, parks and building upkeep. The Town delayed
$100,000 in services and will cut approximately $150,000 in staffing costs. A further concern about
upcoming holiday revenues not meeting projections may require further reductions. To give us a
FY 09-10 budget of $3,320,086 vs. FY 08-09 of $3,928,067, a millage of 6.8883 will be assessed.
We hope that citizens will continue to give us their assistance and input throughout our meetings
as we believe we still have some tight years ahead of us and want to preserve our community and
the Oakland way of life.