Thursday, June 30, 2016

Property value growth up by double digits, Collier County appraiser says

http://www.naplesnews.com/business/real-estate/property-value-growth-up-by-double-digits-collier-county-appraiser-says-365b94bf-d671-6459-e053-0100-384740121.html

So what does this mean for your pocket book....hard to say at this point!

But until the county's various taxing authorities set their millage rates, the effect on residents' property tax bills has yet to be determined.

But how this translates into a tax bill will be determined by the nearly 200 different taxing authorities in the county, including municipalities and fire and school districts, which set different millage rates, according to the tax collector's office.

The millage rate is determined by dividing the taxing district's budget by the related assessed value, expressed as a rate per $1,000 of assessed value.

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