The tax amount is based on both the millage rate and the taxable value. If taxable value increased enough, the proposed tax can rise even when the millage rate is lower. Compare the prior-year and proposed columns on your notice instead of looking at the rate alone.
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Why can proposed property taxes increase when the millage rate goes down?
A lower millage rate can still produce a higher proposed tax when the property’s taxable value increases.
Tampa Bay
Related Questions
FAQ entries that support this article
Is a TRIM notice the same as a property tax bill?
No. It is the Notice of Proposed Property Taxes. It shows proposed taxes, property values, exemptions, and public hearing information before the final tax bill is mailed in November.
Why can proposed property taxes increase when the millage rate goes down?
The tax amount is based on both the millage rate and the taxable value. If taxable value increased enough, the proposed tax can rise even when the millage rate is lower. Compare the prior-year and proposed columns on your notice instead of looking at the rate alone.
What should I do if my property value or exemption looks wrong?
Contact your county property appraiser first and ask for a review. If the issue is not resolved, follow the petition instructions on your TRIM notice and file with the Value Adjustment Board before the printed deadline.
