2016 Median Home Ad Valorem $80,100 Assessed Valuation, Values taxed on: $55,100 & $30,100* Exemption - Schools $25,000 Exemption – All Others $50,000 Before Early Payment Discounts *After Exemptions Applied Special Districts $33.85 or 4% Non Ad Valorem $78.04 or 9% Brevard County $155.05 or 17% City of Palm Bay $254.35 or 28% School District $381.07 or 42%
Ad Valorem Property Tax Departmental Expenditures FY 2018 Proposed Budget Ad Valorem Property Tax Projected Departmental Expenditures General Fund/GF Parks & Recreation $4,175,090 Public Works $5,134,005 Fire $14,160,482 Police $19,614,981 $28,346,771 FY 2018 Proposed Budget Ad Valorem Property Tax Revenue 8.4500 Mills $28,346,771 Departmental Expenditures – TOP FOUR Police Fire Public Works Parks & Recreation Total Expenditures ($19,614,981) ($14,160,482) ($5,134,005) ($4,175,090) ($43,084,558) Revenues Over/(Under) Expenditures ($14,737,787)