Communication Builds Our Community
Communication Builds Our Community
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Cities across the county are seeing significant rises in property tax income, according to the preliminary tax roll published by Polk County Property Appraiser Marsha Faux. Despite the recent surge in home prices and the value of new construction, however, property values in most Ridge-area municipalities have seen only modest increases so far. The valuations have significant impacts on city budgets, since local shares of the taxes are based upon the millage rates set by...
As the City of Lake Wales and Polk County prepare to finalize their annual budgets and set tax rates for the new fiscal year, both are benefitting from a substantial rise in property values. The changes could lead to further reductions in millage rates for property owners. In Polk overall, values have risen to $51,391,150,529, an increase of 17.75 percent, nearly doubling last year's sharp increase of 9.03 percent. That represents a current-year increase of more than $2.2...
Lake Wales Finance Director Dorothy Abbott tried to calm commissioners' fears at the first 2020-2021 city budget workshop June 3. She said she's been preparing city budgets for 19 years and if she's not panicking over the likelihood of reduced revenue, neither should they. "Everybody just stay calm, tell us what you would like to see and trust your staff to bring back a budget document," Abbott said. "If I'm not too worried yet, please don't be too worried yet." Abbott said sh...
