REVENUE ESTIMATING CONFERENCE
TAX: Ad Valorem Tax
ISSUE: County Boundary Lines
BILL NUMBER(S): CS/SB 800 ENR
SPONSOR(S): Budget Committee on Finance and Tax; Sen. Negron
MONTH/YEAR COLLECTION IMPACT BEGINS: July 1, 2013
DATE OF ANALYSIS: April 16, 2012
SECTION 1: NARRATIVE
a. Current Law:
The 129 acres known as Beau Rivage are part of St. Lucie County. The area is not directly connected to the county by a
county-owned or maintained right-of-way.
b. Proposed Change:
Amends s. 7.43 and 7.59, F.S. to transfer the Beau Rivage area from the jurisdiction of St. Lucie County to Martin
County. It requires that revenues from the transferred land be shifted to Martin County over a period of 10 years. It also
requires that the counties through an interlocal agreement, transfer services, personnel and infrastructure from St. Lucie
County to Martin County. The interlocal agreement requires that Martin County compensate St. Lucie County for
infrastructure investments minus depreciation.
SECTION 2: DESCRIPTION OF DATA AND SOURCES
Martin County and St. Lucie County Administration Offices
Ad Valorem Forecast January 2012
Millage Rates Provided by DOR
SECTION 3: METHODOLOGY (INCLUDE ASSUMPTIONS AND ATTACH DETAILS)
St. Lucie School and County tax revenues are projected to 2013 using adopted growth rates at the Ad Valorem
Conference to forecast the payment transfer from Martin County to St. Lucie County. The law requires that Martin
County transfer 90% of the tax revenues by all taxing authorities that St. Lucie County would have raised in 2013. That
amount is then annually reduced by 10%. The Martin County Tax Revenues are based on the forecasted Taxable Value
for Beau Rivage using millage rates for Martin County.
St. Lucie County Growth Rates Taxable Value County Tax Revenue School Tax Revenue Other Total 2011
59,573,639 561,150 508,950 234,899 1,304,999 2012 ‐3.60% 57,428,988 540,949 490,628 226,443 1,258,019 2014 2015
1,043,451 939,106 2013 329,275 379,261 County Tax Revenue School Tax Revenue 58,807,284 553,931 502,403 231,877 1,288,211 2013 605
2013 2.40% 90% 1,159,390 Payment Transferred by Martin County Martin County Growth Rates 2014 2.20% 336,519 387,605 2015
3.00%
346,614 399,233 REVENUE ESTIMATING CONFERENCE
TAX: Ad Valorem Tax
ISSUE: County Boundary Lines
BILL NUMBER(S): CS/SB 800 ENR
SPONSOR(S): Budget Committee on Finance and Tax; Sen. Negron
MONTH/YEAR COLLECTION IMPACT BEGINS: July 1, 2013
DATE OF ANALYSIS: April 16, 2012
Millage Rates County School St Lucie County 6.9845 7.878
Martin County 5.7336 6.604
SECTION 4: PROPOSED FISCAL IMPACT
Local Impact:
All Funds
High
FY 2012-13
Cash
FY 2012-13
Annualized
Middle
FY 2013-14
Cash
FY 2014-15
Cash
FY 2015-16
Cash
(0.6 M)
(0.6 M)
(0.6 M)
Low
SECTION 5: CONSENSUS ESTIMATE (ADOPTED 4/25/12) The conference adopted an indeterminate negative impact, due to the
need for a referendum.
General Revenue
State Trust
Total State Impact
Total Local Impact
Total Impact
FY 2012-13
Cash
0
0
0
0
FY 2012-13
Annualized
0
0
0
(Indeterminate)
FY 2013-14
Cash
0
0
0
(Indeterminate)
FY 2014-15
Cash
0
0
0
(Indeterminate)
FY 2015-16
Cash
0
0
0
(Indeterminate)
0
(Indeterminate)
(Indeterminate)
(Indeterminate)
(Indeterminate)
606