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HomeMy WebLinkAbout2023-16 Final Millage Rate FY 2023/2024! i � ORDINANCEAN OF OF OCOEE, FLORIDA, ESTABLISHING A FINAL MILLAGE RATE OF 4.9500 MILLS FOR AD VALORE M TAXES FOR THE CITY OF OCOEE FOR THE FISCAL YEAR BEGINNING OCTOBER1 ,.1 ENDING' : I 1 PROVIDING ! ADJUSTMENT;'! 1' COLLECTION OF PROVIDING FOR RATE OVER THE ROLLED -BACK RATE; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFE CTIVDATE. WHEREAS, the City of Ocoee, Florida, has received the report of the Orange County Property Appraiser stating the amount of assessed values which he has certified to the Florida Department of Revenue for non-exempt real and tangible personal property within the City for the year 2023; and WHEREAS, in order to provide the revenue necessary for the operation of the City for its Fiscal Year beginning October 1, 2023, and ending September 30, 2024, the City Commission of the City of Ocoee has determined the rate of ad valorem tax levy that must be assessed for the tax year 2023 and WHEREAS, pursuant to Section 200.065(5), Florida Statutes, the City Commission intends that the millage when applied to the extended tax roll will generate the same tax revenue as when applied to the Certification of Taxable Value prepared by the Orange County Property Appraiser on June 2, 2023; and WHEREAS, the provisions of Chapter 200 of the Florida Statutes prescribing the method of fixing millage have been complied with. SECTION 1. Authority. The City Commission of the City of Ocoee has the authority to adopt this Ordinance pursuant to Article VIII of the Constitution of the State of Florida and Chapters 166 and 200, Florida Statutes. SECTION 2. Milla y,e Levy. The City Commission of the City of Ocoee hereby adopts, establishes and levies a millage rate for ad valorem taxation of real and business personal property within the City of Ocoee, Florida, for the fiscal year beginning October 1, 2023, and ending September 30, 2024, at the rate of 4.9500 per $ 1,000. 00 of assessed valuation. SECTION 3. Percentage Increase, Over Rolled -Back Rate. The millage rate, as herein levied, exceeds the rolled -back rate of 4.568 as computed pursuant to Section 200.065, Florida Statutes, providing for 8.36 % increase in millage rate over the rolled -back rate. SECTION 4. Millau Adiustment. The City Commission hereby authorizes the City Manager to administratively provide the Property Appraiser with the millage adjustment, pursuant to his report of the aggregate change in the assessment roll as provided for by Section 200.065(5), Florida Statutes. SECTION 5. Collection of Taxes. The tax shall be collected by the Orange County Tax Collector, subject to discounts prescribed by law, and distributed to the City in accordance with Florida law. SECTION 6. Severabifi!j. If any section, subsection, sentence, clause, phrase or portion of this Ordinance is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion hereto. P SECTION 7. Effective Date. This Ordinance shall become effective ten (10) days after its passage and adoption. PASSED AND ADOPTED this 0 -A day of September, 2023, at (V -31 pm. 1 �-§ �Rl U Melanie Sibbitt, City Clerk Rusty John n ayor ION Dim V.1110MMIN P4111 [My IMM Doi FIMSCK DOMINICK B Rick Gellei,, City Attorney ADVERTISEDSVL�uhO- /7,2023AND APPROVED BY THE OCOEE CITY COMMISSION AT A ME ETING FIE LD ON 2023