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 UPDATED:
03/02/2008
Polk County
The Polk County Commission
adopted two millage rates-- one for unincorporated Polk County and one for
properties within the county's cities-- to partially fund its $19,212,485 budget
this year. The portion of the budget to be funded by property tax dollars is
$9,107,000.
Based on a Net Tax Digest of $877,486,567 and certain presumptions (information
provided by Polk County lacked certain secondary details), the mathematical
millage rate for unincorporated Polk County is 10.379; however, the Commission
adopted a slightly deficient rate of 10.377.
The Commission adopted a rate of
11.753 for incorporated properties; however, the mathematical millage is
lower, at 10.377.
The total revenue expected to be generated by both millage rates is $9,337,261,
$230,260 more than the budget requires.
According to these numbers, the incorporated parts of the county are being
overtaxed by a total of $436,040 or $82.54 for the owner of a $150,000 assessed
value home (not considering exemptions).
Conversely, the unincorporated portions are being undertaxed by a total of
$205,779 or $22.03 on the $150,000 home.
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