mikejs78
Premium Member
Based upon Article VII, Section 9(b), millage rate for CFTOD is whatever the "electors who are owners of freeholds therein not wholly exempt from taxation" agree to by voting approval thereof.
Last I checked, there was no proposed amendment to the Florida Constitution on the ballot in either 2020 or 2022 modifying any portion of ARTICLE VII, Section 9(b).
You're right of course. However the new law that created CFTOD seems to forget about that provision:
Section 24. Ad valorem taxes.—The board of supervisors shall have the
power to levy and assess an ad valorem tax on all the taxable real and
tangible personal property in the district to pay the principal of and interest
on any general obligation bonds of the district, to provide for any sinking or
other funds established in connection with any such bonds, and to finance
and defray the cost of any of the projects or activities of the district
authorized by the provisions of this act or under law, provided that the
district’s ad valorem taxing authority shall be limited to serving or
benefitting the property owners of the district. The total amount of such
ad valorem taxes levied in any year shall not be in excess of 30 mills on the
dollar per annum on the assessed value of the taxable property within the
district. The ad valorem tax provided for herein shall be in addition to county
and municipal ad valorem taxes provided for by law.
My guess is that whenever the board decides to raise their tax rate, Disney will sue.