1999-054 Sets Millage Rate at 5.60RESOLUTION ; 54-99
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA,
LEVYING A TAX ON REAL AND PERSONAL PROPERTY LOCATED WITHIN THE CORPORATE LIMITS
OF THE VILLAGE OF NORTH PALM BEACH ON JANUARY 1, 1999, FIXING THE TOTAL VALUATION
THEREON AND THE TAX MILEAGE RATE THEREON FOR SAID TAX YEAR; AND REPEALING ALL
RESOLUTIONS IN CONFLICT WITH THIS RESOLUTION.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
PALM BEACH, FLORIDA
Section 1. That for the tax year ending December 31, 1999, 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 Beach 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: $767,456,167
Current Year Taxable Value -Personal Property: $ 36,435,156
Current Year Gross Taxable Property: $803,891,323
Section 2. For the tax year ending December 31, 1999, a tax of 5.60 mills on each $1,000.00 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 raising 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
5.60 mills that shall be, and is hereby, levied, and shall be collected on all real and personal property as set
forth in Section 1 above, less homestead, widows, disability and other lawful exemptions for the purpose of
raising funds for the payment of the Village of North Palm Beach General Fund Appropriations, which include
the debt retirement.
Section 3. A Statement of Calculations for the tax levy of 5.60 mills for the fiscal year ending
September 30, 2000, is set forth in Exhibit "A", which is attached hereto and by reference made a part hereof.
Section 4. The levied millage of 5.60 mills is more than the rolled-back rate of 5.411 mills by 3.5%,
which equals a 4.05% 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 21st DAY OF SEPTEMBER, 1999.
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ATTEST:
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Village Clerk
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