Property tax rate will not increase in Collier next year

Collier County property taxes won’t go up next year. From this point on, they can only decrease.
With virtually no discussion, Collier County commissioners on Tuesday afternoon approved a primary property tax rate of $3.1469 per $1,000 worth of property value, and a secondary property tax rate of 69 cents per $1,000. Those are the same rates currently in effect. That means without any other taxes or assessments, a property owner who lives in unincorporated Collier will pay $383.81 on a $100,000 home.

According to the county’s budget director, John Yonkosky, the $3.1469 tax rate is expected to generate $249,156,703 in property taxes for the upcoming year. The 69 cent tax should produce $35,416,600 in property taxes for the 2009 tax year, which begins Oct. 1. Combined, the two tax rates will provide the county’s general fund with a total of $326,561,705.

Public hearings will be held at 5:05 p.m. Thursday, Sept. 4, and again at 5:05 p.m. on Thursday, Sept. 18 in commission chambers.

During the September public hearings, commissioners may maintain or lower tax rates. After the preliminary tax rate is set, the only way it can be raised is by special additional public notices and advertisements, Yonkosky noted.
Source: Naplesnews.com

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