County millage at 8.3307

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Will bring in less revenue than 2005

By Lou Elliott Jones, Editor

Levy County property owners will pay a property tax of 8.3307 mills — that is $8.3307 per $1,000 of a home's assessed value after exemptions this year.

The millage was unanimously approved, along with a $66,593,382 budget for the fiscal year beginning Oct. 1 during a poorly attended public hearing held by the Levy County Commission on Monday evening.

The millage is expected to bring in $13,020,020 in revenue for the general fund, which is only a portion of revenue for the budget. 

Commissioner Chad Johnson of Chiefland (R-District 2) made a point of saying that due to decreased property values, the tax will not bring in as much revenue as the millage did in 2005 when the county collected over $14 million in property taxes. But property values imploded with the recession in 2008 and have decreased every year since.

"At that time, Amendment 1 had not passed," Johnson said, referring to the ballot initiative that granted a second $25,000 exemption.

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