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2 results for “homestead exemption”

  • City of Jacksonville Data Packet

    Jacksonville, FL
    Other

    The City of Jacksonville Data Packet provides property tax information for the consolidated Jacksonville-Duval County government to inform public discussion of funding proposals. The document presents millage rate trends from 2020-2024 showing that approximately 71% of Florida cities maintained rates at or below 2020 levels, 65% have not increased rates in five years, and 53% have decreased rates at least once. The packet includes definitions of key property tax terminology such as ad valorem tax, assessed valuation, and homestead exemptions to provide context for evaluating municipal revenue and services.

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  •      Assessed Home Value (FY2022) $ 226,301 Less homestead exemption

    Tampa, FL
    Budget

This document provides information about the City of Tampa's FY2022 property tax calculation and budgeting process. It illustrates that for a home with an assessed value of $226,301, after applying a $50,000 homestead exemption, the resulting net taxable value of $176,301 is multiplied by the millage rate of 6.2076 mills per $1,000 to produce a property tax of $1,094. The document includes frequently asked questions explaining that property taxes increase when property values rise despite constant millage rates, defines key budget terms, and describes Tampa's budget preparation process, which begins in November with revenue and expense estimates reviewed by the Mayor.

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property taxhomestead exemptionbudget processmillage rate
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