ALACHUA COUNTY - Florida Governor Charlie Crist's recent property tax reform proposal entails rolling back local government revenue caps to 2003 levels, and a reduction in property taxes on the homestead over the next 2 years.
This "hybrid" property tax reform proposal would result in a reduction of Alachua County's General Fund Ad Valorem revenues of $31,000,000. A breakdown of the impact is as follows: $19,000,000 roll back to 2003; $11,000,000 double homestead exemption; $1,200,000 Tangible Personal Property $25,000 exemption. This calculates to a 25% reduction to the County's current General Fund budget.
While considering the magnitude of this proposal, citizens should also consider that 46% of Alachua County's property values are already off the tax rolls, which has an obvious negative impact on the County's millage rate.
Below are two charts and a spread sheet breaking down Alachua County's current budget by State mandates, Constitutional Offices and other Board expenses. These underscore how difficult it will be to implement a 25% reduction to the programs/services that the Board has control over without significantly impacting the quality of life in Alachua County.
For more information, please contact Suzanne Gable, CPA, Director of the Alachua County Office of Management and Budget at (352) 374-5262.