MARCO ISLAND — A compromise is being sought by residents on the recommended 26 percent tax rate increase.
Few spoke Monday after City Manager Steve Thompson presented a brief budget overview with a proposed tax rate increase to 1.75 mils, or about a 26 percent increase from last year’s 1.3917 mils.
The city has since posted a more detailed budget on their Web site, cityofmarcoisland.com and the Marco Eagle has links to the budget and other resources.
In the June Marco Island Taxpayers’ Association newsletter, MITA president Fay Biles said she recommended a millage rate of 1.5940 mils, or $1.59 per $1,000 of taxable property value.
Amadeo Petricca, of the MITA board, said the association met this week and agreed compromise with the city will be sought to minimize the increased tax rate proposed by Thompson and the council thus far.
Kevin Lilly, tax roll analyst of the Collier County Appraiser’s Office, said he gets a lot of calls as cities, including Marco, begin sharing information on their tax rate.
“A lot of people don’t understand it’s just the city portion of their property tax bill being discussed,” Lilly said.
He said the figures on individual properties are currently being published on the county appraiser’s Web site, collierappraiser.com, so taxpayers can begin estimating their specific tax based on their property’s value.
“Some parcels went down in value 20 percent, some down less than that. The average is about a 10.4 percent decrease on Island property values. Not too many parcels on Marco went up,” Lilly said.
He added that in mid-August taxpayers will be getting an estimated tax bill in the mail based on preliminary tax rates sent in early August from the city, school district, county and other taxing district officials.
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