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Appraiser: Fallout from Amendment 1 not good
Dade City could see a drop of $39-million in taxable property.
By HELEN ANNE TRAVIS, Times Staff Writer
Published March 12, 2008
DADE CITY - The numbers are in.
Pasco County Property Appraiser Mike Wells presented the fallout from Amendment 1 to city officials at Tuesday night's meeting.
"The news we have is not good," Wells said.
His office predicted that Dade City will see an 11 percent drop in its tax roll for 2008, the majority of which is due to Amendment 1.
In 2007, the city had $339-million in taxable property. After Amendment 1 passed, that figure is predicted to drop to $300-million.
The second homestead exemption hit the city the hardest, knocking $17-million off the tax roll.
"Please understand that these are working numbers," Wells said.
Without the amendment, Wells' office predicted that Dade City would have had $327-million worth of taxable property.
Other Pasco cities have seen worse. Wells didn't specify, but he said that some cities on the county's west side will see a 20 percent drop.
The property appraiser's office usually releases these figures in June. He was presenting the numbers early as a courtesy, he said.
Helen Anne Travis can be reached at htravis@sptimes.com or 352-521-6518.
[Last modified March 12, 2008, 01:13:37]
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by Curt
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03/12/08 11:09 AM
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Their tax budgets grew to astronomical rates because of the housing boom. For all the first time homebuyers and people who moved for other reasons had their taxes tripple. How did they get buy five years ago before the fake property value increases?
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by stephen
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03/12/08 09:55 AM
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How much longer before we can through Wells out of office?
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by leigh
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03/12/08 09:39 AM
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Maybe WE really did our research and noticed that the government needs to be careful spending our money. I am on a budget and will always look for the best buy or not buy certain thing. They can do the same.
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by Chris
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03/12/08 09:37 AM
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Just raise the tax rate and we're all set. Back to square one and we duped all taxpayers but still didn't help those who are paying far higher taxes than their neighbors. Great job!
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by Ronnie
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03/12/08 08:32 AM
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The numbers are not good? Not for a government who shows no restraint on spending. The numbers are good for the tax payer. Who happens to be the one that put Mr Wells in office. Perhaps it's time to change that along with the rest of them.
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by Joyce
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03/12/08 06:29 AM
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Ok all you who voted to pass this amendment. Now how are your counties/cities going to raise $ to pay for law enforcement, EMS, fire rescue? Thanks a lot for messing up things. Too bad you didn't research what Amend 1 really affected.
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