During a recent government meeting, a significant discussion centered around the proposed millage rate for ad valorem taxes in Atlantic Beach, which has raised concerns among local officials and residents. The millage rate, a critical factor affecting property taxes, is set to impact every property owner, resident, taxpayer, and voter in the area.
One official expressed strong opposition to the proposed rate of 3.1035, which is the same rate used two years ago. They argued that this rate is historically high and unnecessary, especially given that the proposed general fund budget for the current year is $100,000 less than the previous year's final budget. The official emphasized that the previous year's approved rate of 2.8410 should be maintained to avoid an unnecessary tax increase.
If the higher rate were adopted, it could potentially raise an additional $1.5 million for the general fund, which the official deemed excessive. More alarmingly, it would result in a 20% increase in property taxes for residents in the Atlantic Beach area, a scenario that the official believes is undesirable for the community.
The official concluded by suggesting that the city should consider the rollback rate once all revenue numbers are finalized, indicating a willingness to explore more fiscally responsible options in the future. The discussions highlight the ongoing debate over budgetary needs versus the financial burden on local taxpayers.