The St. Johns County Board of County Commissioners unanimously approved the fiscal year 2024 budget of $1,665,664,624 and unanimously approved a flat millage rate for at the Sept. 19 special meeting.
This is the fourth consecutive fiscal year that the millage rate has not been raised and remained flat. The public can review the approved budget by going to sjcfl.us/omb and accessing the FY 2024 Final County Budget Presentation link to a new interactive website.
Highlights of the budget include the following:
"The Fiscal Year 2024 Budget reflects the proactive vision of St. Johns County," Office of Management and Budget Director Jesse Dunn said. "Through the collaborative efforts of our County Commissioners and staff, we have arrived at the launching point of a new era of possibilities designed to support, protect, and empower our community."
As part of the budget, the county ensured it maintained its prestigious AAA credit rating as assessed by Moody’s, the highest possible credit rating available to a government.
The St. Johns County Property Appraiser’s Office certified valuation determination reflects a 16.5% taxable value growth increase for FY24 over FY23. This 16.5% increase in taxable value results in $43.6 million in incremental property taxes for St. Johns County.
The state of Florida’s Save Our Homes provision protects homesteaded properties from the full percentage increase in assessed value. Homesteaded property owners will experience, on average, a 3% increase in property taxes. About two-thirds of St. Johns County residential parcels are protected by the Save Our Homes provision. A non-homesteaded commercial property is capped at a 10% annual increase.
Florida statutes provide many exemptions and land classifications that reduce the taxable value of properties for eligible filers. Property owners can learn more about these exemptions on the St. Johns County Property Appraiser website.
The budget goes into effect Oct. 1.