Budget |
What is the approximate size of the Flagler County budget?
$223,176,795 |
What is the county-wide millage rate?
$4.8361, This includes a voter approved tax rate of $.1477 to purchase environmentally sensitive lands.
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How much revenue is brought in by county-wide millage?
$39.3 million |
What are the other large sources of county-wide annual revenue?
½ cent sales tax approximately $2.6 million
gasoline taxes approximately $1.06 million |
How many pennies on the gallon of Local Option Gas Tax does Flagler County charge?
3 cents |
What is the difference between an assessment and a tax?
Assessments are based on physical aspects of property such as road frontage, while a tax is based on value of land or property or a transaction.
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What are ad valorem taxes?
Ad valorem is a latin term that means with the land. Ad valorem taxes are property taxes based on the taxable value of a piece of property.
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What are millage rates?
A millage rate is the tax rate used to determine how much taxes a property owner pays per $1,000 of taxable property. Example: A millage rate of $5.10 means the property owner pays $5.10 for each $1,000 of taxable property value. |
What are non ad valorem assessments?
Assessments that are based on property other than land such as railroad tracks, pipelines, phone lines and power lines and other industrial equipment such as tractors.
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What is a TRIM notice? When is it sent out?
The acronym stands for Truth In Millage notice. It is sent out to property owners each year in August after all the taxing authorities submit a proposed tax rate and budget.
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What is the difference between the operating budget and the capital budget?
The operating budget is the list of ongoing costs to operate government such as gasoline, office supplies, and wages. A capital budget is the list of funds used to purchase things such as buildings, vehicles and heavy equipment.
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What does General Fund budget mean?
It means those items in the budget that are not separated out into other funds. For example Flagler County Airport is a separate fund that is not supported by property taxes and is not part of the general fund.
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