The Palm Beach Post

Palm Beach Gardens residents could see tax rate go down

Proposed 2015-16 budget calls for lowering tax rate, adding 10 full-time jobs.

- By Sarah Peters Palm Beach Post Staff Writer Budget

PALM BEACH GARDENS — Palm Beach Gardens is cashing in on recovering home values and new constructi­on following the recession.

The city’s proposed 2015-16 budget calls for lowering the tax rate, adding 10 full-time positions and making significan­t capital improve- ments. Officials will vet the $137.1 million spending plan at 7 p.m. Sept. 10 and 17 at City Hall, 10500 N. Military Trail.

Vice Mayor David Levy said the new positions seem to be justified. Officials still need to carefully review the budget, he said.

“We do have a little bit of catchup to do, but we need to make this the most attractive city that we can, and a low millage rate is one of the things that does that,” Levy said.

The total tax rate will decrease from $5.83 to $5.69 per $1,000 of assessed value if the city coun- cil approves the budget as is. Residents with a homestead exemption and a taxable value of their home at $400,000 could see a $37 decrease in their annual city taxes.

The proposed operating tax rate of $5.55 is lower than last year’s $5.67, but it represents a 4 percent increase above the rollback rate of $5.34. That’s what would generate the same amount of revenue as the previous year. The city’s $9.44 billion property valuation, including $131.6 million in new construc-

18 wasn’t afffffffff­fffected by the Legislatur­e’s latest efffffffff­fffort to fifix new congressio­nal boundaries.

But the House approach kept Riviera Beach and Sunrise in Broward County completely within Hastings’ district. By contrast, the Senate map has almost 17,000 voters in Sunrise in a reconfifig­ured District 22 held by U.S. Rep. Lois Frankel, D-West Palm Beach.

House Redistrict­ing Chairman Jose Oliva, R-Miami, touted the House

Bill

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