Senate Bill sb1910

    Florida Senate - 2007                                  SB 1910

    By Senator Storms





    10-1806-07

  1                      A bill to be entitled

  2         An act relating to ad valorem millage rates;

  3         amending s. 200.065, F.S.; providing for an

  4         adjustment to the rolled-back millage rate

  5         based on the percentage change in the Consumer

  6         Price Index and the population within the

  7         jurisdiction of the taxing authority; providing

  8         an effective date.

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10  Be It Enacted by the Legislature of the State of Florida:

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12         Section 1.  Subsection (1) of section 200.065, Florida

13  Statutes, is amended to read:

14         200.065  Method of fixing millage.--

15         (1)  Upon completing completion of the assessment of

16  all property pursuant to s. 193.023, the property appraiser

17  shall certify to each taxing authority the taxable value of

18  the property within the jurisdiction of the taxing authority.

19  This certification shall include a copy of the statement

20  required to be submitted under s. 195.073(3) to the, as

21  applicable to that taxing authority. The form on which the

22  certification is made shall include instructions to each

23  taxing authority describing the proper method of computing a

24  millage rate which, exclusive of new construction, additions

25  to structures, deletions, increases in the value of

26  improvements that have undergone a substantial rehabilitation

27  to improvements which increase increased the assessed value of

28  such improvements by at least 100 percent, and property added

29  due to geographic boundary changes, will provide the same ad

30  valorem tax revenue for each taxing authority as was levied

31  during the prior year. The resulting millage rate shall be

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2007                                  SB 1910
    10-1806-07




 1  adjusted by the percentage change in the Consumer Price Index

 2  for All Urban Consumers, U.S. City Average, all items

 3  1967=100, or successor reports for the preceding calendar year

 4  as initially reported by the Bureau of Labor Statistics of the

 5  United States Department of Labor, times 1 plus the estimated

 6  percentage change in population within the jurisdiction of the

 7  taxing authority for the preceding calendar year, as reported

 8  by the Office of Economic and Demographic Research under s.

 9  186.901. That adjusted millage rate shall be known as the

10  "rolled-back rate." The property appraiser shall send this

11  information provided pursuant to this subsection shall also be

12  sent to the tax collector by the property appraiser at the

13  same time it is sent to each taxing authority.

14         Section 2.  This act shall take effect July 1, 2007.

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17                          SENATE SUMMARY

18    Provides for adjusting the rolled-back millage rate based
      on the percentage change in the Consumer Price Index and
19    the population within the jurisdiction of the taxing
      authority.
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CODING: Words stricken are deletions; words underlined are additions.