§ 2-355. Exclusion from rolled-back rate calculation and property appraiser certification.


Latest version.
  • The tax increment revenues created by this division shall be dedicated, paid and applied to finance essential infrastructure improvements, and shall be considered "dedicated increment value" pursuant to F.S. § 200.01(8)(h). As dedicated increment value, the tax increment revenues shall be excluded from the calculation of the maximum ad valorem millage rate (the rolled-back rate) required by F.S. §§ 200.065 and 200.185. Pursuant to F.S. § 200.001(8)(h), on or before May 1, 2014, Pasco County shall certify to the Pasco County Property Appraiser the boundaries of Lacoochee/Trilby redevelopment district as of May 1, 2014, and the base taxable valuation date, which shall be the date of the assessment roll utilized for the first tax increment calculation. If the boundaries of the Lacoochee/Trilby redevelopment district change after May 1, 2014, or if the base taxable valuation date changes, Pasco County shall update the property appraiser certification required by F.S. § 200.001(8)(h). Any change in the certification to the property appraiser provided after May 1 of any year shall not be used for the current year's certification.

(Ord. No. 13-22, § 5, 11-5-13)