As of October 1, 2024, the City of Clermont has set its millage rate at 4.88%. This marks a decrease from the previous rate of 5.06%.
Millage, a term used to describe a tax rate, is calculated as the amount of dollars assessed for every $1,000 of a property’s value. For property owners in Clermont, this adjustment means they will pay $4.88 for every $1,000 of their property’s assessed value.
The millage rate in Clermont is used to fund the city’s General Fund, which covers essential services such as police, fire, public works, and other municipal expenses. These services are vital to maintaining the quality of life for Clermont residents and ensuring the community remains safe and well-maintained.
It’s important to note that the millage rate is only one component of a property owner’s tax bill. Other factors that influence the total amount include the property’s assessed value and the rates set by other jurisdictions, such as Lake County Schools and the Lake County Water Authority.
Property owners are encouraged to review their tax statements to understand how the various rates and values apply to their individual situations.
