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Notices of Proposed Property Taxes Headed for Homeowners  August 12, 2011 | WMFE - Starting Monday, Orange County homeowners can expect information about their 2011 property tax rates to start heading for their mailboxes.
Notices of Proposed Property Taxes for this year are being sent out this week. Orange County Property Appraiser Bill Donegan points out it’s just a notice, and not yet a bill…but that’s where the good news ends. “There’ll be a slight increase in taxes for the average homeowner – about $65 per $100,000 worth of value,” says Donegan. “It’ll be up a little bit and values will be down a little bit.” Donegan says the increase is largely due to the voter-approved one mill increase to the local school millage rate. That translates to a proposed 30% increase over last year’s rate. Meanwhile, Donegan says, the county has lost close to $27 billion in value. But he expects that decline to level off sometime soon. |
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