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The Property Appraiser has nothing to do with the total amount
of taxes collected and neither the Property Appraiser nor the Tax
Collector set your tax rates. Putnam County tax rates, or millage
rates, are set by:
Putnam Board of County Commissioners
Putnam District School Board
City Commissioners of Crescent City, Interlachen, Palatka, Pomona
Park and Welaka
Water Management District Board (either St. Johns River or
Suwannee River)
And Independent Special Tax Districts, such as Hastings Drainage
District
Appraised Value and The Tax Rate
As a property owner, you are not only interested in what value
the Property Appraiser places on your property, but in the way
the amount of taxes you pay is determined.
This is the way it works:
 | Let's say the Property Appraiser has found the value of
your home to be $50,000 this year.
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| You apply for Homestead Exemption, so $25,000 is
deducted from your appraised value, leaving a taxable
value of $25,000.
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| Now, let's assume that the tax rate in your community has
been set by the taxing agencies at 17 mills. (This
overall millage rate is actually the sum of all levies
placed upon your property by all authorities in your
district.) 17 mills is the same thing as saying $17.00 of
taxes per $1,000 of taxable value.
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| Divide the taxable value of your property by $1,000.
(Here the answer is 25.) Multiply this by the tax rate
(17 mills).
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| $17.00 x 25 = $425.00 (your tax bill)
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| This is the amount of taxes due on your home this
year. (Less discount for prompt payment--if paid in Nov.
4%, Dec. 3%, Jan. 2%, Feb. 1%) |
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