Standard Format Tentative Budget Submission - Southwest Florida ...

III. Budget Highlights
5. Tentative Millage Rate
The tentative budget for fiscal year 2013-14 is based on a tentative millage rate of 0.3818 mill,
lowered from the adopted millage rate of 0.3928 mill in fiscal year 2012-13. This rate, adjusted for
a 1.57 percent increase in new construction, will generate $101,464,833 in ad valorem property tax
revenue for fiscal year 2013-14. The tentative budget reflects 96 percent of the total levy based on the
historical collection rate. Lowering the millage rate to 0.3818 mill will result in $2.9 million of savings for
the District’s taxpayers.
SOUTHWEST FLORIDA WATER MANAGEMENT DISTRICT
THREE-YEAR AD VALOREM TAX COMPARISON
Fiscal Years 2011-12, 2012-13 and 2013-14
Tentative Budget - Fiscal Year 2013-2014
Ad valorem
Tax Comparison
DISTRICTWIDE
FY 2011-12
(Adopted)
FY 2012-13
(Adopted)
FY 2013-14
(Tentative)
Ad Valorem Taxes $103,449,973 $100,477,587 $101,464,833 (1)
Millage rate 0.3928 0.3928 0.3818
Rolled-back Rate 0.6168 0.4076 0.3837
Percent of Change of Rolled-back Rate -36.32% -3.63% -0.50%
Gross Taxable Value for Operating Purposes $274,339,074,461 $266,456,598,757 $276,826,961,838
Net New Taxable Value $2,724,151,500 $2,786,371,017 $4,190,737,210
Adjusted Taxable Value $271,614,922,961 $263,670,227,740 $272,636,224,628
1
Estimated for FY2013-14; based on 96 percent of total estimated tax levy
41