Appendix_B.pdf

Appendix B is a financial document prepared by the City of New Smyrna Beach, Florida, providing general information regarding municipal property tax values and direct city millage rates. The document presents historical fiscal data spanning from fiscal year 2020 through fiscal year 2026, along with property tax levy and collection information. The taxable assessed value has demonstrated consistent growth, increasing from approximately $4.1 billion in fiscal year 2020 to a projected $7.5 billion in fiscal year 2026. The direct city tax rate has fluctuated between 4.13 and 4.73 millage rates per $1,000 of taxable value during this period. Tax collection rates have remained strong, ranging from 94.59 percent to 96.87 percent of total levy across the fiscal years presented, demonstrating consistent municipal revenue generation and collection efficiency.

The document identifies the top 10 taxpayers as of fiscal year 2024, collectively representing only 3.13 percent of the city's total assessed taxable value, indicating a well-diversified tax base with no significant concentration risk. Major taxpayers include Big Beacon FL, LLC (0.75 percent), Coconut Palms Condo Association (0.40 percent), and various commercial entities such as Publix Super Markets, Inc., Florida Power & Light Co., and Walmart Stores East, LP. This financial data supports the city's credit position for the proposed $5.5 million tax-exempt general obligation loan for Turnbull Creek Watershed land acquisition, demonstrating the municipality's capacity to service debt through a stable and diversified revenue base with strong historical collection performance.