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Budget FAQ

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1. Will my taxes go up this year?

If the City of Parkland's millage rate stays the same and your Taxable Value increases, your taxes will increase. The City only represents 20% of your tax bill.

2. What is my taxable value?

Your taxable value is your market value less any exemptions. Exemptions include portability, save our homes (SOH), homesteads, widow, disability, veteran disability and low income seniors. The Broward County Property Appraiser's website can detail this information for your property. www.bcpa.net

3. What is Save Our Home (SOH) on my tax bill?

If your property is Homestead, pursuant to the 1992 "Save Our Homes" (SOH) Amendment to the Florida Constitution, the assessed value of your Homestead property can increase by no more than 3% above last year's assessed value (or the consumer price index, whichever is less). The Florida Department of Revenue certifies the annual percentage amount for each year. The 2011 percentage increase is 1.5%.

To give you an example: if your Homestead property was assessed at $300,000 in last year, and its market value increased to $425,000 this year, your maximum assessment this year is $304,500 (increased by 1.5%). You will pay taxes on $304,500 less exemptions. The SOH exemptions are $50,000, your taxable value would be $254,500/

4. What are the non-ad valorem assessments on my tax bill?

Non-ad valorem assessments are special assessments charged by taxing authorities. Parkland has two non-ad valorem assessments, Solid Waste and Fire. The Solid Waste Assessment is your fee for garbage pickup from Waste Management. The Fire Assessment is the fee for a portion of fire services. Other assessments on your bill are from other taxing authorities and can be reached at the number provided on the notice/bill.

5. How much is the Fire Assessment?

The Proposed Fire Assessment for FY 2012 is $225 per residential dwelling. This is an increase of $15 from last years assessment of $210. The justification is $10 represents the increase in the Coral Springs contract to provide the fire service and $5 is to offset costs to fund future equipment and facility needs.

6. How much is the Solid Waste Assessment?

The Solid Waste Assessment is $328.44 for each dwelling unit. The City has a franchise agreement with Waste Management to collect garbage and recycling through-out the City. The agreement states that the assessment can increase annually by the rate of increase in the CPI. The contact increased by 0.9%.

7. What is a millage rate?

The millage rate is the amount of property tax charged per $1,000 of taxable property value. For example, the City's current millage rate in $4.0198 per $1,000 of taxable value. For each taxable value of $100,000, a property owner would pay $401.98. If your homes taxable value is $426,630 divide by 1,000 = 426.63 X 4.0198 = $1,714.97 is your taxes for the Parkland.

8. How much is the millage rate?

The Proposed FY 2012 millage rate is $4.0198. This is the same rate as last year.

9. What is an ad valorem tax?

An ad valorem tax is based upon the value of the property. It is also referred to as property tax.