Lake Wales City Commissioners Propose Significant Increase in Interim Millage Rate
What happened
Lake Wales City Commissioners reviewed the Polk County property appraiser’s certification of taxable value and set the interim millage rate. The city's gross taxable value increased to $1,322,637,537, which is 11.67% higher than the previous year's final value. City staff recommends setting the interim millage rate at 8.0462 mills, a rate 20.50% higher than the rolled-back rate.
From dailyridge.com
Why it matters
The proposed millage rate increase would raise the city's taxable income from $9,737,168 to $11,119,072. Deputy Mayor Robin Gibson acknowledged fiscal challenges but stated that increased property values and secured grants could support continued economic development in Lake Wales.
From dailyridge.com
Who's involved
- Lake WalesThe city where the taxable value and millage rate were reviewed
- Robin GibsonDeputy Mayor and City Commissioner in Lake Wales
- Keith ThompsonCommissioner in Lake Wales
- Polk CountyThe county whose appraiser certified the taxable value
How it developed
Newest first. Tap a step to see who reported it.- Local officials in Lake Wales discussed city ordinances and inquired about pension choices in 2025.Sub-event
Establishing the roles of Robin Gibson and Keith Thompson in Lake Wales government.1 source
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The entities involved
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Lake Wales
city in Polk County, Florida, United States
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Robin Gibson
English footballer (born 1979)