HomeMy Public PortalAboutLTC 118-2015 July 1 2015 Certification of Taxable ValueSAL HARBOUR
F LO RI D A ' S PA R A D IS E
OFFICE OF THE VILLAGE MANAGER
NO. 118-2015 LETTER TO COUNCIL
TO: Mayor Martin Packer and Members of the Village Council
FROM: Jorge M. Gonzalez, Village Manager
DATE: July 02, 2015 QQQ
SUBJECT: July 01, 2015 Certification of Taxable Value
The purpose of this Letter to Council (LTC) is to transmit to you a copy of the July 01, 2015
Certification of Taxable Value 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 Certified Preliminary Taxable Value of $4,249,305,000, an increase
of $294,856,941, or 7.46%. Of the taxable value, $1,511,204, is attributable to new construction.
For purposes of fixing a millage rate, as prescribed by F.S. 200.065, the value of new construction
must be excluded, this brings the taxable value to $4,247,793,796, or an increase of 7.42%.
Applying this increase to our General Fund Property Tax revenues, at the current millage rate at
95% as required by Statute, would result in an increase of approximately $574,384 of tax revenue
villagewide, an Ad Valorem revenue increase of $9,386, over the June 15t estimate roll value.
Typically in June, municipalities receive revenue estimates from the State of Florida Department
of Revenue for Franchise Fees, Utility Taxes, State Revenue Sharing, Sales Tax, and
Communication Service Taxes, however due to delays in the passage of the State budget, this
information will not be released until later this month. Receipt of 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. July 01. 2015 Certification of Taxable Value, Miami -Dade County Property Appraiser
MIAMI-DADE COUNTY .;
PROPERTY APPRAISER i
JULY 1, 2015 -CERTIFICATION OF TAXABLE VALUE --
2014
2015
2015
PRELIMINARY
TAXABLEVALUE
NETNEW
PRELIMINARY
PERCENT
TAXABLE
BEFORE NEW
PERCENT
TAXABLE
TAXABLE
CHANGE
TAXING AUTORITY
VALUE
CONSTRUCTION
CHANGE
VALUE
VALUE
FROM 2014
01 MIAMI
35,284,841,538
39,416,120,747
11.71%
486,937,881
39,903,058,628
13.09%
011 MIAMI(DDA)
13,425,192,335
14,837,797,770
10.52%
292,999,233
15,130,797,003
12.70%
02 MIAMI BEACH
27,103,871,420
30,430,853,418
12.27%
267,037,447
30,697,890,865
13.26%
0201 MB NORMANDY SHORES
134,363,196
152,073,308
13.18%
1,138,178
153,211,486
14.03%
03 CORAL GABLES
12,855,416,730
13,599,630,146
5.79%
92,973,467
13,692,603,613
6.51%
04 HIALEAH
7,307,031,936
7,740,468,432
5.93%
118,315,921
7,858,784,353
7.55%
05 MIAMI SPRINGS
946,504,898
978,800,563
3,41%
6,939,750
985,740,313
4.15%
06 NORTH MIAMI
2,202,009,476
2,387,385,528
8.42%
5,791,134
2,393,176,662
8.68%
07 NORTH MIAMI BEACH
1,869,066,109
1,996,142,875
6.80%
4,443,988
2,000,586,863
7.04%
08 OPA-LOCKA
661,065,490
699,410,013
5,80%
4,164,629
703.574,642
6.43%
09 SOUTH MIAMI
1,480,600,491
1,561,013,126
5.43%
9,734,543
1,570,747,669
6.09%
10 HOMESTEAD
1,948,800,658
2,090,217,387
7.26%
48,092,158
2,138,309,545
9.72%
11 MIAMI SHORES
829,792,898
901,210,279
8.61%
418,797
901,629,076
8.66%
12 BAL HARBOUR
3,954,448,059
4,247,793,796
7.42%
1,511,204
4,249,305,000
7.46%
13 BAY HARBOR ISLANDS
698,927,405
782,770,830
12.00%
-4,705,006
778,065,824
11.32%
14 SURFSIDE
1,336,876,007
1,464,283,435
9.53%
38,471,785
1,502.755,220
12.41%
15 WEST MIAMI
302,065,301
320,760,746
6.19%
-763,657
319,997,089
5.94%
16 FLORIDA CITY
410,253,724
423,964,430
3.34%
4,998,828
428,963,258
4.56%
17 BISCAYNE PARK
144,488,417
159,422,312
10.34%
606,384
160,028,696
10.76%
18 EL PORTAL
98,982,587
110,906,632
12.05%
3,301,945
114,208,577
15.38%
19 GOLDEN BEACH
760,202,266
826,199,761
8.68%
22,250,005
848,449,766
11.61%
20 PINECREST
3,913,545,312
4,095,057,004
4.64%
17,524,262
4,112,581,266
5.09%
21 INDIAN CREEK
448,191,779
503,552,540
12.35%
-1,478,189
502,074,351
12.02%
22 MEDLEY
1,762,783,339
1,859,726,894
5.50%
2,561,703
1,862,288,597
5.64%
23 N. BAY VILLAGE
747,944,185
832,552,896
11.31%
-233,928
832.318,968
11.28%
24 KEY BISCAYNE
6,697,657,229
7,157,995,006
6,87%
563,753,518
7.721,748,524
15.29%
25 SWEETWATER
1,316,221,489
1,392,304,460
5.78%
49,485,964
1,441.790,424
9.54%
26 VIRGINIA GARDENS
235,812,481
242,192,938
2.71%
75,463
242,268,401
2.74%
27 HIALEAH GARDENS
948,254,382
1,008,016,204
6.30%
10,148,303
1,018,164,507
7.37%
28AVENTURA
8,394,311,130
9,084,568,170
8.22%
10,393,932
9,094,962,102
8.35%
30 UNINCORPORATED
58,426,240,330
61,820,966,823
5.81%
626,205,244
62,447,172,067
6.88%
31 SUNNY ISLES BEACH
7,679,258,783
8,684,155,480
13.09%
275,651,745
8,959,807,225
16.68%
32 MIAMI LAKES
2,574,960,124
2,686,709,324
4.34%
4,387,103
2,691,096,427
4.51%
33 PALMETTO BAY
2,462,237,138
2,552,055,874
3.65%
-742,681
2,551,313,193
3.62%
34 MIAMI GARDENS
3,444,897,103
3,626,944,476
5.28%
-40,708,358
3,586,236,118
4.10%
35 DORAL
9,505,953,556
9,984,559,118
5.03%
171,390,659
10,155,949,777
6,84%
36 CUTLER BAY
1,912,558,887
2,059,278,422
7.67%
21,926,192
2.081,204,614
8.82%
COUNTY -WIDE
210,544.758,410
227,608,987,212
8.10%
2,820,204,278
230,429,191,490
9.44%
FIRE AND RESCUE
121,395,319,598
129,365,610,937
6.57%
1,291,186,044
130,656,796,981
7.63%
LIBRARY
192,454,621,389
208,197,601,682
8.18%
2,656,614,312
210,854,215,994
9.56%
SCHOOL BOARD
234,803,018,608
259,304,573,808
10.43%
2,822,883,080
262,127,466.888
11.64%
S FL WATER MNGT DIST
212,615,559,479
229,657,050,616
8.02%
2,822,554,162
232,479,604,778
9.34%
FL INLAND NAV DIST
212,615,559,479
229,657,050,616
8.02%
2,822,554,162
232,479,604,778
9.34%
THE CHILDREN'S TRUST
212,615,559,479
229,657,050,616
8.02%
2,822,554,162
232,479,604,778
9.34%