WO Council oks their tax rates
David Ball – For The Record
It was the West Orange City Council’s turn to address tax issues at their regular meeting on the evening of August 10.
The council approved authorizing a proposal on an ad valorem tax rate and set the dates for a public hearings and the adoption of the proposal, starting at the next scheduled council meeting on August 24.
The 2015 Effective Tax Rate is .41744 per .45083 value.
The 2015 Rollback Tax Rate is .45083 per $100 value.
The 2015 Debt rate is 0 per $100 value.
Also approved was the 2015 Certified Property Values and the statement of the 2015 Effective and Rollback Rates as submitted by Orange County Tax Assessor-Collector Lynda Gunstream as the following:
2014 Tax Ceilings: $12,022,808
2014 Taxable Value on new exemptions for 2015: $364,396
2015 Total Market Value: $155,695,199
2015 Total Taxable: $131,435,026
2015 Tax Ceilings: $12,598,917
2015 Market Value of New Improvements: $153,725
2015 Taxable Value of New Improvements (estimate): $129,129
2015 Average Market Homestead Value: $61,196
2015 Average Taxable Homestead Value: $48,957
Construction has started for the Smoothie King in the parking lot of Golden Triangle Emergency Center, according to City Manager Mike Stelly.