MISCONCEPTION #2: If my property value increases by 25%, I pay that same percentage to the fire district.
FALSE
Even if your property values increase by 25%, the Fire District is limited to the 1% revenue increase per year plus new construction.
For example, a home worth about $360K in 2018 is now worth about $500K. That is a property value increase of 39% over six years. The taxes paid to Fire District 3 by that homeowner have NOT increased by 39%.
Fire District 3’s levy rate is $1.18 per $1,000 of assessed property value. Most comparable fire districts in the county are operating at a $1.50 per $1,000 levy rate.