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2020 Tax Impact NOTICE DR-529 R. 12/09 Rule 12D-16.002 TAX IMPACT OF VALUE ADJUSTMENT BOARD Florida Administrative Code Monroe County Tax Year 121012 101 Members of the Board Honorable David Rice Board of County Commissioners, District No. 4 Honorable Craig Cates Board of County Commissioners, District No. Honorable John R. Dick School Board, District No. 4 Citizen Member J. Michael Leonard Business owner within the school district Citizen Member John Repetto Homestead property owner The Value Adjustment Board (VAB) meets each year to hear petitions and make decisions relating to property tax assessments, exemptions, classifications, and tax deferrals. Summary of Year's Actions Number of Parcels Reduction in Shift in Type of Property Exemptions Assessments* Both County Taxable Value Taxes Granted Requested Reduced Requested Withdrawn Due to Board Actions Due to Board Actions or settled Residential 41 115 144 $ $ Commercial 197 191 $ $ Industrial and 1 $ $ miscellaneous Agricultural or 1 $ $ classified use High-water recharge $ $ Historic commercial $ $ or nonprofit Business machinery 57 57 $ $ and equipment Vacant lots and 1 38 36 $ $ acreage TOTALS 42 409 428 $ $ All values should be county taxable values. School and other taxing authority values may differ. *Include transfer of assessment difference (portability) requests. If you have a question about these actions, contact the Chair or the Clerk of the Value Adjustment Board. Chair's name David Rice Phone 305-289-6000 ext. Clerk's name Sally Michele Abrams Phone 305-292-3550 ext. April 2,2021 Key West Citizen