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Longwood finance team lays out millage choices, shows household impact
Summary
Finance staff told commissioners that raising the millage from 5.5 to 5.75 would add roughly $1.1 million in ad valorem revenue and estimated the average $300,000 home would see about $63 more in annual taxes under that scenario.
City finance staff presented millage‑rate scenarios at the April 8 workshop and illustrated the revenue and household impacts of small changes.
"If we were to increase from 5.5 to 5.75, that would increase general the ad valorem taxes that we would bring in by 1,100,000," Finance Director Dustin Wilbrier said, adding an example: "If we were to look at that as an individual household with an example of a $300,000 home, that would be about an additional $63 a year of tax burden for the residents." Wilbrier also noted the legal maximum shown in the model (about 5.9675 mills) and cautioned that exceeding the statutory cap can require a public referendum.
Commissioners asked staff to run scenarios that separate homestead and non‑homestead parcels; staff acknowledged the workshop used conservative homestead assumptions (the slides calculated exemptions as if all homes were homesteaded) and said they would provide more granular numbers. Commissioners also raised the possibility that statewide proposals to change homestead exemptions could reduce future ad valorem revenue and asked staff to model that contingency.
No millage decision was taken at the workshop; staff will return with refined scenarios for a follow‑up workshop before the formal budget process.
