the current millage rate of 7.3898 per $1,000 taxable valuation. The adopted millage rate is the same millage rate as Budget Year 2025/26. The 7.3898 millage rate exceeds the roll-back rate of 7.1106 and was advertised as a 3.92% tax increase. A home with the taxable value of $150,000 and a rolled-back rate of 7.1106 would equate to a savings of $41.88 annually, or $3.49 per month compared to the adopted millage rate of 7.3898. In accordance with the City's financial policies, tax revenues are budgeted at a 95% collection rate.
The City of Eustis proposed millage rate compared to the rest of Lake County is as follows:
Table 1:
| Comparative Proposed Tax Rates 2026-27 |
| 1 Eustis | 7.3898 | 8 Minneapolis | 5.5000 | |
|---|
| 2 Astatula | 6.9000 | 9 Clermont | 4.5900 | |
|---|
| 3 Howey-In-The-Hills | 6.9900 | 10 Mascotte | 4.6381 | |
|---|
| 4 Tavares* | 6.6850 | 11 Fruitland Park | 3.9134 | |
|---|
| 5 Umatilla | 7.2377 | 12 Lady Lake | 3.6510 | |
|---|
| 6 Mount Dora | 6.3000 | 13 Leesburg | 3.4752 | |
|---|
| 7 Groveland | 5.7000 | 14 Montverde | 2.8300 | |
|---|
The Lake County General Fund millage rate for FY2026/27 is 5.0254, which is the same rate as prior year's millage rate.
'Total City revenue includes all funding sources and is projected at $68,777,995 (Budget Summary, page 78). The City's primary revenue sources are derived from Charges for Services, which include income from Water and Sewer Service Charges, Stormwater fees, and Ad Valorem or Property Taxes. Figure 2 provides the breakdown by type for all projected revenues received by the City.
Figure 2:
FY 2026/27 - Total City Budgeted Revenue - $68,777,994
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