Jacksonville

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Property Appraiser Jim Overton providerd City Hall with the certified tax roll datafor 2009. The figuresw show a drop in Duval County property valuesof $3.5 That’s less than the drop projected by Overtojn in early June, which was the basi of Peyton’s plan, announced last week, to raisde property taxes by 14.3 percent. Instead of proposintg an increase in the millage ratefrom 8.48 mill s to 9.69, Peyton is now askin g for a 12 percent hike to 9.
5 According to the Mayor’s Office, the increase will cost the average Jacksonville homeowner an additional $97 next The budget gap that had been estimated at $180 milliohn will now be $170 million, according to Peyton’s office. Of the million, $100 million is from propertyt tax reform passed on a statewide level, $40 million in pension costs and $30 millioj from the recession.