Thursday, July 28, 2011

Lauderdale Lakes : 36% tax rate increase wins initial OK

About a half-dozen Lauderdale Lakes residents voiced opposition to a proposal to increase the city’s property tax rate by 36 percent.

Lauderdale Lakes commissioners gave tentative approval to raising the tax rate 36 percent and also increased other fees late Tuesday evening.
Commissioner Gloria Lewis cast the only dissenting votes. The city will have two hearings on the proposed tax rate and city budget in September. Because of the size of the increase, a unanimous vote is necessary on the final vote for the tax increase to be approved.
About a half-dozen city residents spoke out against the increase. However, Acting City Manager Jonathan Allen said the increased property tax revenue is needed for the city to emerge from its financial crisis and provide services to residents. The city, whose current budget is short $9 million, has drained its reserves.
Commissioners tentatively set the tax rate at $9.50 for each $1,000 of assessed value — up from $7 last year.
Under the 2011-12 proposed budget, the owner of an average house assessed at $88,000, with a $50,000 exemption, would pay $361 in the city portion of the tax bill — an increase of nearly $95.
The debt service would jump by about $4.
In addition to the tax increase, the fire assessment fee is being increased to $197, about $40 more than last year. The storm-water fee is climbing to $144, an increase of about $90. And the solid-waste collection free will rise to $306, up $7 from last year.

Property Tax Appeal help:

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