Plain English Breakdown
The bill's status as 'Passed Legislature' but died in committee suggests there may be additional procedural details not covered by the provided summary.
Maximum Millage Rates for the 2027-2028 Fiscal Year
This bill sets maximum property tax rates that counties and school districts can charge in Florida for the fiscal year 2027-2028, based on the rates from 2022-2023.
What This Bill Does
- Sets a limit on how much county governments can collect in property taxes for the fiscal year 2027-2028.
- Limits the amount of school district property taxes that can be collected for the fiscal year 2027-2028.
- Uses the tax rates from the fiscal year 2022-2023 as a reference to set these limits.
Who It Names or Affects
- County governments in Florida
- School districts in Florida
Terms To Know
- Millage rate
- The amount of property tax charged for each $1,000 of a property's value.
- Ad valorem tax
- A type of tax based on the value of something, like property taxes.
Limits and Unknowns
- The bill does not specify what happens after January 1, 2029.
- It is unclear if this law will be changed or renewed before it ends in 2029.