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Tax Rates and Budgets Proposed by Local Cities

The commissions of Lady Lake and Fruitland Park met recently to examine their respective budgets and planned property tax rates.

Fruitland Park commissioners debated a proposed budget that totaled a little over $13.56 million. A property tax of $3.9134 per $1,000 of assessed property, the same as the previous three years, helps to fund the budget. The rate is $3.8365, which is 2% higher than the rollback rate. This equates to over $783 in property taxes for a $200,000 home.

A budget hearing will be held at 6 p.m. on Sept. 23.

The recommended property tax rate in Lady Lake was set at $3.3962 per $1,000 of assessed value by the town commission. It’s a tax hike since it’s 3.24 percent higher than the rollback rate of $3.2896, which would yield the same amount of property tax revenue as last year. It contributes to a $29.16 million budget proposal.

At a public hearing slated for Sept. 20 at Lady Lake Town Hall, 409 Fennell Blvd., residents can voice their opinions on the town’s budget and proposed tax rate.