1989-26 Sets Millage Rate at 4.50
RESOLUTION NO. 26-89
A RESOLUTION OF THS VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BSACH, FLORIDA, LEVYING A TAX ON REAL AND
PERSONAL PROPERTY LOCATED WITHIN THS CORPORATE LIMITS OF
THS VILLAGE OF NORTH PALM BSACH ON JANUARY 1, 1989,
' FIXING THB TOTAL VALUATION THEREON AND THE TAX MILEAGE
RATE THEREON FOR SAID TAX YEAR; AND REPEALING ALL
RESOLUTIONS IN CONFLICT WITH THIS RESOLUTION.
NOW, THEREFORE, BB IT RESOLVED BY THB VILLAGE COUNCIL OF
NORTH PALM BEACH, FLORIDA:
Section 1: That for the tax year ending December 31,
1989, the valuation of all real and personal property within the
Village of North Palm Beach, excluding property owned by the
Village of North Palm Beach, Palm Seach County, State of Florida,
and those properties exempted by State, County or Village laws and
ordinances, is hereby determined to be, and is, fixed as follows:
Current Year Taxable Value - Real Property: X637,349,199
Current Year Taxable Value - Personal Property: $26,685,091
' Current Year Gross Taxable Property: ¢664034,290
Section 2: For the tax year ending December 31, 1989, a
tax of 4.50 mills on X1,000.00 shall be, and is hereby, levied,
and shall be collected on all real and personal property within the
Village of North Palm Beach, excluding property owned by the
village of North Palm Beach and those properties exempted by State,
County or Village laws and ordinances or the Constitution of
Florida, for the purpose of raieinq funds for the improvement and
government of the Village, and for the payment of its obligations
and expenses and for the purpose of carrying out the purposes and
duties granted and imposed by its Charter; which is a tax of 4.50
mills that shall be, and ie hereby, levied, and shall be collected
on all real and personal property as set forth 1n Section 1 above,
less homestead, widows, disability and other lawful exemptions for
the purpose of raieinq funds for the payment of the Village of
North Palm Beach General Fund Appropriations, which include the
debt retirement.
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section 3: A Statement of Calculations for the tax
levy of 4.50 mills for the fiscal year ending September 30, 1990,
is set forth in Exhibit "A", which is attached hereto and by
reference made a part hereof.
Section 4: The levied millage of 4.500 mills exceeds the
rolled-back rate of 4.006 mills by twelve and thirty-three
hundreths percent (12.33 0 , which equals a thirteen percent (13.00
increase in property taxes adopted by the Village of North Palm
Beach hereunder.
Section 5: All ordinances or resolutions or parts of
ordinances or resolutions in conflict with the provisions of this
Resolution are hereby repealed.
section 6: This Resolution shall take effect
immediately upon passage.
PASSED AND ADOPTED THIS 28TH DAY OF SFPTFMRFR ,
1989.
(Village Seal)
ATTEST:
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