HomeMy Public PortalAboutLTC 097-2015 - 2015 June Assessment Roll EstimateAAL HARBOUR
F L 0 R I D A ' S PARADISE
OFFICE OF THE VILLAGE MANAGER
NO. 097-2015 LETTER TO COUNCIL
TO: Mayor Martin Packer and Members of the Village Council
FROM: Jorge M. Gonzalez, Village Manager
DATE: June 01, 2015
SUBJECT: 2015 June Assessment Roll Estimate
The purpose of this Letter to Council (LTC) is to transmit to you a copy of the 2015 Assessment
Roll Estimate provided by the Miami -Dade County Property Appraiser.
On June 01 of each year, the Miami -Dade County Property Appraiser provides an estimate of the
current year's Assessment Roll Values, with official certification to follow on July 01. These values
reflect an increase in existing property values from the 2014 July 01 Preliminary Taxable Value
of $3,954,448,059 to the 2015 Estimated Taxable Value of $4,243,000,000, an increase of
$288,551,941, or 7.30%. Applying this increase to our General Fund Property Tax revenues, at
the current millage rate, would result in an increase of approximately $594,700, of tax revenue
villagewide. How much of the estimated increase is due to new construction is unknown until the
Property Appraiser provides their July 01, 2015 Taxable Value estimates.
In late June, we anticipate receipt of revenue estimates from the State of Florida Department of
Revenue for Franchise Fees, Utility Taxes, State Revenue Sharing, Sales Tax, and
Communication Service Taxes, this information will present a more complete picture of the
estimated revenues for the coming Fiscal Year. A year, which will continue the current focus on
moving the Village forward with respect to service delivery, technology, and infrastructure
improvements.
FY 2016 budget development, is a time to refocus resource allocation in a strategic manner with
a focus on results -oriented management practices. Departments will continue to define their
operational priorities with an emphasis on efficiency, service delivery, and accountability
improvements; while addressing the little things that mean so much to our community. The
preliminary budget, will continue to focus on improving and beautifying our public spaces,
investing in our information technology and physical infrastructure, and expanding our
communications with residents and visitors.
Should you have any questions or require additional information, please feel free to call me.
Attachment
1. 2015 Assessment Roll Estimate, Miami -Dade County Property Appraiser
MIAMI-DADE COUNTY
PROPERTY APPRAISER
ADMINISTRATIVE DIVISION
PEDRO J. GARCIA
PROPERTY APPRAISER
June 1. 2015
The Honorable Martin Parker
Mayor
Bal Harbour Village
655 - 96th Street
Bal Harbour, FL 33154
RE: 2015 ASSESSMENT ROLL ESTIMATE
Dear Mayor Parker:
The June 1st estimate information listed below is being provided in accordance with Section
200.065(8), Florida Statutes, so that you may start preparing for next year's budget.
It is important to note that July 1st is the official certification date for the 2015 assessment roll.
June 1st is only an estimate, which is subject to change.
If you have questions or need clarification, please contact me at 305-375-4004.
$4,243,000,000
Sincerely,
Pedro J. Garcia, MNAA
Property Appraiser
cc: Jorge M. Gonzalez, Manager
Amber Riviere, CFO
I [I N1\' 1"T STREET, SUITE 710 • MIAMI, FLORIDA • 33128
PHONE: 305 375-4712 FAX: 305-375-3024
WF.6 SITR: WWW.MIAMIDADR.GOV/PA.