There are 2 important dates that are right around the corner. One, you are well aware of and no doubt have been inundated with campaign materials for the general election on November 3.
The second important date is October 31 which is the day Collier County will mail the annual property tax bills.
You will be receiving one comprehensive bill for ad valorem taxes that will include the Collier County School District, Collier County, the City of Naples and a few smaller items. In total the ad valorem tax rate will be approximately 10.1515 mils or 1.01515 % of the value of your property.
The School District accounts for approximately 50% of the total tax, Collier County 35% and the City of Naples 11%.
Since Gulf Shore Association of Condominium members live in the City we thought you’d like to know more about how your taxes are determined and how your tax dollars are spent.
The Collier County Property Appraiser estimated an increase of 5.37% in taxable values for the City of Naples for FY 2020-21. Taxable value is estimated at $25.415 billion as compared to $24.119 billion last year. The Council approved millage rate for FY 2020-21 is 1.15 (.115 %), a decrease of .03 mills from last year. Multiplying the total property value by the millage rate, the levy for ad valorem taxes will be $29.227 million, an increase of 1.03%
In addition, the City receives income from numerous sources such as water/sewer, solid waste, storm water fees, parking, fines, other taxes, etc. The FY 2020-21 total budgeted revenue is $149.406 million an increase of 8.7%. Property taxes are roughly 19.5% of the total.
Expenses are budgeted at $165.792 million, an increase of 8.7%. The three major expense categories are Personnel Services ($55 million up 5.7%), Operating Expenses ($52 million up 1.9%) and Capital Expenses/Other ($58 million up 18%). Capital Expenses are focused on water quality, public safety, water/sewer Improvements, recreation and lake management and restoration.
In summary, the 2020-21 City budget and plans will continue to fund and deliver on Naples 2020, The Community’s Vision for the Future for its 22,000+ residents.
- Our Place – Preserve the small-town character and culture
- Our Nature – Environmental Sensitivity
- Our Experience – Extraordinary quality of life for residents
- Our Economy – Economic health and vitality
- Our Governance – High performing government.
If you’d like to dig more deeply into the Fiscal 2020- 21 budget it is available through the Budget Page on the City’s website.