Revenue Information 2016

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Revenue Information Year 2016

The Financial Information for the City of Kissimmee Community Redevelopment Agency for 2015 is as follows:

Base Year Taxable Value (1992)                    $67,434,313

Current Year Taxable Value (2016)              $205,152,165

2016 Incremental Taxable Value                  $137,717,852

Certified Millage                                                         6.7000

2016 Tax Increment                                           $922,709.61

Amount Payable  (5% Discount)                      $876,574.13

 Per Florida State Statute Chapter 190 Community Development Districts. 

190.021 Taxes; non-ad valorem assessments.

 

  (1) AD VALOREM TAXES.An elected board shall have the power to levy and assess an ad valorem tax on all the taxable property in the district to construct, operate, and maintain assessable improvements; to pay the principal of, and interest on, any general obligation bonds of the district; and to provide for any sinking or other funds established in connection with any such bonds. An ad valorem tax levied by the board for operating purposes, exclusive of debt service on bonds, shall not exceed 3 mills, except that a district authorized by a local general-purpose government to exercise one or more powers specified in s. 190.012(2) may levy an additional 2 mills for operating purposes, exclusive of debt service on bonds. The ad valorem tax provided for herein shall be in addition to county and all other ad valorem taxes provided for by law. Such tax shall be assessed, levied, and collected in the same manner and same time as county taxes. The levy of ad valorem taxes shall be approved by referendum when required by the State Constitution.