By Jill Fox
Parkland property owners are likely to see an increase in their property taxes in 2022.
At Wednesday night’s meeting, the commission voted to retain the city staff’s recommended millage rate of 4.2979, which represents the amount per every $1,000 of a property’s assessed value and is used to calculate its taxes.
Although the rate remains the same, this decision would cost residents more in taxes due to an increase in the assessed value of their homes.
The average assessed home value in Parkland is $577,532. At the current millage rate of 4.2979, the average homeowner will pay an additional $65 in property taxes in 2022.
Last year, the commission decided to adopt a roll-back rate to show the residents some relief during Covid.
“Thankfully, the city has weathered the Covid storm very well,” said Finance Director Chris Johnson.
Now, in the midst of “a post-Covid economic recovery,” city staff and the commission will discuss future ways to raise the millage rate in strategic planning sessions next spring.
“We’re comfortable operationally, but it’s important to understand that we won’t be in two years,” said City Manager Nancy Morando, who projected a need to increase the millage rate in 2024.
Commissioner Ken Cutler wants to make sure that the commission is being proactive so as not to heavily impact the residents.
“I want to give kudos to Nancy and the staff for proposing a balanced budget on a reduced millage rate,” said Commissioner Simeon Brier. “Residents should be mindful of that and what goes into it.”
In a unanimous vote, the commission voted to keep the 4.2979 millage rate for 2022, which will increase Parkland’s yearly revenue by $1.38 million.
Also remaining the same is the proposed fire assessment fee for 2022, at $250 per residential unit.
The proposed solid waste assessment is $402.96 for each residential unit, representing a $13.68 increase over the 2021 adopted solid waste assessment.
Residents will see the projected costs on their TRIM notices, which will be mailed in August.
The next step in the budget process will be a residents’ workshop on Wednesday, August 11 at 6:00 p.m.
Send your news to Parkland’s #1 News Source Parkland Talk.
Author Profile
Related
NewsDecember 10, 2024Join Others for Latkes, Vodka and Mah Jongg December 12
NewsNovember 25, 2023Celebrate Hanukkah with Mah Jongg, Latkes, and Vodka for a Good Cause
NewsNovember 13, 2023Annual Pink Challah Bake and Mah Jongg Night to Benefit Jewish Women’s Health
NewsJanuary 21, 2023Early Childhood Center Celebrates 20 Years in Parkland
