CORAL SPRINGS, FL – The City of Coral Springs has introduced a new budget for the coming fiscal year, which, if passed, will require the average property owner to pay $70 in new taxes and fees.
In all, the owner of a home with an average value of $377,579 would pay a total of $2,431 in Coral Springs taxes and fees as part of the city’s overall $273.5 million 2020-21 budget, which starts on Oct. 1, according to city estimates and new budget.
That includes city taxes, debt payments, and fire, storm-water, and solid waste assessments.
According to the new budget, here is a break-down of some fees:
- Single-family homes will increase by $6.18, from $227.82 to $234.00.
- Multi-family assessment will increase by $6.18, from $227.82 to $234.00 per unit.
- Commercial properties will decrease by $1.92, from $26.99 to $25.07 per 100 square feet.
- Industrial warehouses will increase by $1.31, from $2.71 to $4.02 per 100 square feet.
- Institutional properties will see a decrease of $4.98, from $54.51 to $49.53 per 100 square feet.
Water and sewer rates will increase by 3.5 percent, an increase of $2.48 per month for the average residential customer.
Residential solid waste special assessment will remain at $290.00 per single-family home.
Public hearings on the new budget are scheduled for Sept. 14 and 21.
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