LIVE OAK COUNTY - Truth in Taxation
LIVE OAK COUNTY
Truth in Taxation
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NO NEW REVENUE RATE

The tax rate that would generate the same amount of revenue in the current tax year as was generated by a taxing unit’s adopted tax rate in the preceding tax year from property that is taxable in both the current tax year and the preceding tax year.

PROPOSED RATE

The tax rate proposed by the governing body of a taxing unit.

VOTER-APPROVAL RATE

The highest tax rate a taxing unit may adopt before requiring voter approval at an election. An election will automatically be held if a taxing unit wishes to adopt a tax rate in excess of the taxing unit’s voter-approval tax rate.

ADOPTED RATE

The tax rate adopted by the governing body of a taxing unit.

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