ii. millage, taxes & projected students
II II. MILLAGE, TAXES & PROJECTED STUDENTS II. MILLAGE, TAXES & PROJECTED STUDENTS II. MILLAGE, TAXES & PROJECTED STUDENTS II. MILLAGE, TAXES & PROJECTED STUDENTS
SCHOOL TAX MILLAGE ANALYSIS 2010-2011 $63,945,875,853 71,995,229,160 -8,049,353,307
Tax Roll For 2010-2011 Less - Actual 2009-2010 Roll (Final) Total Change in Tax Roll
-11.18%
1 Mill = $1 Tax per $1,000 in Assessed Value
2009-10 ACTUAL MILLAGE
General Fund Required Local Effort (RLE) - State Law Required Local Effort (RLE) - Prior Period Adjustment Total Required Local Effort
2010-11 ROLL-BACK MILLAGE
2.9910
PROPOSED 2010-11 MILLAGE
2.9910
3.4208 0.0000 3.4208
3.4280 0.0230 3.4510
Discretionary
0.6760
0.7731
0.7480
Additional Millage (Operating) Voter Referendum
0.2500
0.2859
0.2500
RLE Millage is set by the Legislature. The School Board must levy the required amount.
In 2008, Collier County voters approved a referendum allowing the district to reduce Capital Outlay Millage by .25 Mills and Levy the Millage for operating purposes.This is a shift in millage and does not increase the total millage levy, thus it does not increase or decrease overall tax collections.
TOTAL GENERAL FUND MILLAGE Capital Outlay TOTAL MILLAGE LEVY
3.9170
4.4798
4.4490
1.3220
1.5120
1.2500
5.2390
5.9918
5.6990
The Roll Back Millage is the millage that, applied to the new taxable value, provides the same revenue as the prior year. If the millage proposed for the new year is less than the Rolled Back Millage, the District is not considered to be raising taxes.
CHANGE IN MILLAGE COMPARED TO ROLLED BACK RATE
-4.89%
CHANGE IN MILLAGE RATE, PRIOR YEAR ACTUAL TO PROPOSED
8.78%
Millage Facts The typical Florida school district General Fund Millage for School Taxes for FY 11 is approximately 6.128 mills. The Proposed General Fund Millage for Collier School District is 27% less than the typical Florida school district. This year, based on the Florida Truth In Millage (TRIM) Law, the District did not increase taxes.
Millage Comparison 6.5000 6.0000 5.5000 5.0000 4.5000 4.0000 3.5000 3.0000 2.5000 2.0000 1.5000 1.0000 0.5000 -
Capital Outlay Millage Referendum Millage Discretionary Millage RLE Prior Period Adjustment RLE Millage
Prior Year 5.2390 Mills 11 Millage Analysis FINAL.xlsx
Rolled Back
5.9918 Mills
7
Proposed Millage 5.6990 Mills
PROPOSED CHANGE IN SCHOOL TAXATION FOR HOMEOWNERS WITH HOMESTEAD EXEMPTION
FY 2010 Actual
Assessed Value Homestead Exemption Taxable Value Millage Required Local Effort
FY 2011 Proposed If assessed value If assessed value decreases at the increases at the rate of (12.6%) max rate of 2.7%
$250,000
$218,500
$256,750
25,000
25,000
25,000
225,000
193,500
231,750
Tax
Millage
Tax
Tax
2.991
672.98
3.451
667.77
799.77
2.248
505.80
2.248
434.99
520.97
5.239
1,178.78
5.699
$1,102.76
$1,320.74
Change
($76.02)
$141.96
(State Levy)
Discretionary Millage (School Board Levy)
Total
According to the Property Appraiser, in total, property values in Collier County decreased 12.6% due to reassessments. Homeowners with Save Our Homes Exemptions may not realize the full savings from a decrease in the assessed value. Any increase for Homesteaded property is capped at 2.7% this year by the Save Our Homes law. One Mill equals $1.00 in tax per $1,000.00 in taxable value.
Change in taxes - homestead FINAL.docx
8
MILLAGE & TAXABLE VALUE HISTORICAL DATA 2010-2011 TAX ROLL HISTORY (In Billions)
100.00 80.00
$77.07
60.00
$82.61 $80.67 $72.00 $63.95
$61.47 40.00 20.00
$27.77
$33.42
$46.01
$39.51
$51.29
00-01
01-02
02-03
03-04
04-05
05-06
06-07
07-08
08-09
09-10
10-11
Taxable Property Values and Millage Rates are the two key factors in determining local revenues for the District. Trend data on these two charts demonstrate opposite changes in property values and total millage over the displayed time period. As displayed, Local Discretionary Millages have remained relatively constant, while the State Required Millage has seen the most fluctuation.
SCHOOL DISTRICT MILLAGE HISTORY 9 8
7.722
7.137
6.911
7 6
5.149
5
4.571
4.349
6.524
3.969
6.220
3.789
4
5.973
3.388
5.525
5.351
2.955
2.786
3 2
Voter
4.909
2.607
5.239
2.991
5.699
3.451
2.573
2.566
2.562
2.555
2.431
2.585
2.570
2.565
2.302
2.248
2.248
00-01
01-02
02-03
03-04
04-05
05-06
06-07
07-08
08-09
09-10
10-11
1 0
Required State Law
Discretionary Millage
TOTAL MILLAGE
One Mill equals a tax of $1.00 for each $1,000.00 of taxable property value.
FISCAL YEAR
TAX ROLL
Required State Law
Discretionary Local
Approved Referendum
TOTAL MILLAGE
09-10 10-11 % CHANGE
$ 71,995,229,160 $ 63,945,875,853 -11.18%
2.991 3.451 15.38%
1.998 1.998 0.00%
0.250 0.250 0.00%
5.239 5.699 8.78%
11 Millage History FINAL.xlsx
9
STUDENT FTE PROJECTED AND PRIOR YEAR 2010-2011 Student FTE (In Thousands) Ten Year Trend 45
42.8
42.5
41.6
40
42.1
42.0
42.3
42.5
39.8 37.7 36.0
35
30
01-02
02-03
03-04
04-05
05-06
06-07
07-08
08-09
09-10
10-11
STUDENT FTE (Unweighted) FISCAL YEAR 09-10 10-11
BASIC 36,315.01 36,542.78
ESOL 5,003.82 5,071.39
11 FTE PROJECTED AND PRIOR YEAR FINAL.xlsx
CAREER ED. GRADES 9-12 ESE 398.25 542.80 398.94 535.45
10
TOTAL PERCENTAGE STUDENTS CHANGE 42,259.88 42,548.56 0.68%
SCHOOL TAX MILLAGE ANALYSIS 2010-2011 $63,945,875,853 71,995,229,160 -8,049,353,307
Tax Roll For 2010-2011 Less - Actual 2009-2010 Roll (Final) Total Change in Tax Roll
-11.18%
1 Mill = $1 Tax per $1,000 in Assessed Value
2009-10 ACTUAL MILLAGE
General Fund Required Local Effort (RLE) - State Law Required Local Effort (RLE) - Prior Period Adjustment Total Required Local Effort
2010-11 ROLL-BACK MILLAGE
2.9910
PROPOSED 2010-11 MILLAGE
2.9910
3.4208 0.0000 3.4208
3.4280 0.0230 3.4510
Discretionary
0.6760
0.7731
0.7480
Additional Millage (Operating) Voter Referendum
0.2500
0.2859
0.2500
RLE Millage is set by the Legislature. The School Board must levy the required amount.
In 2008, Collier County voters approved a referendum allowing the district to reduce Capital Outlay Millage by .25 Mills and Levy the Millage for operating purposes.This is a shift in millage and does not increase the total millage levy, thus it does not increase or decrease overall tax collections.
TOTAL GENERAL FUND MILLAGE Capital Outlay TOTAL MILLAGE LEVY
3.9170
4.4798
4.4490
1.3220
1.5120
1.2500
5.2390
5.9918
5.6990
The Roll Back Millage is the millage that, applied to the new taxable value, provides the same revenue as the prior year. If the millage proposed for the new year is less than the Rolled Back Millage, the District is not considered to be raising taxes.
CHANGE IN MILLAGE COMPARED TO ROLLED BACK RATE
-4.89%
CHANGE IN MILLAGE RATE, PRIOR YEAR ACTUAL TO PROPOSED
8.78%
Millage Facts The typical Florida school district General Fund Millage for School Taxes for FY 11 is approximately 6.128 mills. The Proposed General Fund Millage for Collier School District is 27% less than the typical Florida school district. This year, based on the Florida Truth In Millage (TRIM) Law, the District did not increase taxes.
Millage Comparison 6.5000 6.0000 5.5000 5.0000 4.5000 4.0000 3.5000 3.0000 2.5000 2.0000 1.5000 1.0000 0.5000 -
Capital Outlay Millage Referendum Millage Discretionary Millage RLE Prior Period Adjustment RLE Millage
Prior Year 5.2390 Mills 11 Millage Analysis FINAL.xlsx
Rolled Back
5.9918 Mills
7
Proposed Millage 5.6990 Mills
PROPOSED CHANGE IN SCHOOL TAXATION FOR HOMEOWNERS WITH HOMESTEAD EXEMPTION
FY 2010 Actual
Assessed Value Homestead Exemption Taxable Value Millage Required Local Effort
FY 2011 Proposed If assessed value If assessed value decreases at the increases at the rate of (12.6%) max rate of 2.7%
$250,000
$218,500
$256,750
25,000
25,000
25,000
225,000
193,500
231,750
Tax
Millage
Tax
Tax
2.991
672.98
3.451
667.77
799.77
2.248
505.80
2.248
434.99
520.97
5.239
1,178.78
5.699
$1,102.76
$1,320.74
Change
($76.02)
$141.96
(State Levy)
Discretionary Millage (School Board Levy)
Total
According to the Property Appraiser, in total, property values in Collier County decreased 12.6% due to reassessments. Homeowners with Save Our Homes Exemptions may not realize the full savings from a decrease in the assessed value. Any increase for Homesteaded property is capped at 2.7% this year by the Save Our Homes law. One Mill equals $1.00 in tax per $1,000.00 in taxable value.
Change in taxes - homestead FINAL.docx
8
MILLAGE & TAXABLE VALUE HISTORICAL DATA 2010-2011 TAX ROLL HISTORY (In Billions)
100.00 80.00
$77.07
60.00
$82.61 $80.67 $72.00 $63.95
$61.47 40.00 20.00
$27.77
$33.42
$46.01
$39.51
$51.29
00-01
01-02
02-03
03-04
04-05
05-06
06-07
07-08
08-09
09-10
10-11
Taxable Property Values and Millage Rates are the two key factors in determining local revenues for the District. Trend data on these two charts demonstrate opposite changes in property values and total millage over the displayed time period. As displayed, Local Discretionary Millages have remained relatively constant, while the State Required Millage has seen the most fluctuation.
SCHOOL DISTRICT MILLAGE HISTORY 9 8
7.722
7.137
6.911
7 6
5.149
5
4.571
4.349
6.524
3.969
6.220
3.789
4
5.973
3.388
5.525
5.351
2.955
2.786
3 2
Voter
4.909
2.607
5.239
2.991
5.699
3.451
2.573
2.566
2.562
2.555
2.431
2.585
2.570
2.565
2.302
2.248
2.248
00-01
01-02
02-03
03-04
04-05
05-06
06-07
07-08
08-09
09-10
10-11
1 0
Required State Law
Discretionary Millage
TOTAL MILLAGE
One Mill equals a tax of $1.00 for each $1,000.00 of taxable property value.
FISCAL YEAR
TAX ROLL
Required State Law
Discretionary Local
Approved Referendum
TOTAL MILLAGE
09-10 10-11 % CHANGE
$ 71,995,229,160 $ 63,945,875,853 -11.18%
2.991 3.451 15.38%
1.998 1.998 0.00%
0.250 0.250 0.00%
5.239 5.699 8.78%
11 Millage History FINAL.xlsx
9
STUDENT FTE PROJECTED AND PRIOR YEAR 2010-2011 Student FTE (In Thousands) Ten Year Trend 45
42.8
42.5
41.6
40
42.1
42.0
42.3
42.5
39.8 37.7 36.0
35
30
01-02
02-03
03-04
04-05
05-06
06-07
07-08
08-09
09-10
10-11
STUDENT FTE (Unweighted) FISCAL YEAR 09-10 10-11
BASIC 36,315.01 36,542.78
ESOL 5,003.82 5,071.39
11 FTE PROJECTED AND PRIOR YEAR FINAL.xlsx
CAREER ED. GRADES 9-12 ESE 398.25 542.80 398.94 535.45
10
TOTAL PERCENTAGE STUDENTS CHANGE 42,259.88 42,548.56 0.68%
