HomeMy Public PortalAboutLTC 077-2020 - June Assessment Roll Estimate FINAL mhACR
OFFICE OF THE VILLAGE MANAGER LETTER TO COUNCIL
NO. 077-2020
To: Mayor Gabriel Groisman and Members of the Village Council
From: Jorge M. Gonzalez, Village Manager
Date: June 1, 2020
Subject: 2020 June Assessment Roll Estimate
The purpose of this Letter to Council (LTC) is to transmit to you a copy of the Assessment Roll
Estimate provided by the Miami-Dade County Property Appraiser.
On June 1 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 1. Existing property
tax values decreased $230,117,817 or -4.2% from the 2019 July 1 Estimated Taxable Value of
$5,500,117,826 to the June 1, 2020 Estimated Taxable Value of $5,270,000,000. Applying the
estimated reduction to our General Fund Property Tax values at the current millage rate, would result
in a decrease of $429,660 in tax revenues, at 95% as required for budget purposes by the State of
Florida of tax revenue Village-wide. Per the Miami-Dade County Property Appraiser, the valuation
decrease results from a combination of declining condominium values in addition to demolitions
that occurred during Calendar 2019.
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, which will continue the current focus on moving the Village forward with
respect to service delivery, technology, and infrastructure improvements.
FY 2021 budget development, is a time to refocus resource allocation in a strategic manner toward
Village-wide capital improvements 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 issues that are important to
our community. The preliminary budget will continue to focus on delivering the Bal Harbour
Experience. Developing funding strategies, initiatives and programming that will further this vision
will be the focus of the budget development process for FY 2020-2021.
Should you have any questions or need any additional information, please contact me.
Attachment: 2020 Assessment Roll Estimate, Miami-Dade County Property Appraiser
JMG/CD
MIAMI-DADE COUNT Y
PROPERTY APPRAISER
ADMINISTRATIVE DIVISION
PEDRO J. GARCIA
PROPERTY APPRAISER
June 1, 2020
The Honorable Gabriel Groisman, Mayor
Bal Harbour Village
655 -96th Street
Bal Harbour, FL 33154
RE: 2020 ASSESSMENT ROLL ESTIMATE
Dear Mayor Groisman:
The June 1st Estimate of $5,270,000,000 in taxable value 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 2020 assessment roll. The
June 1st taxable value is only an estimate, which is subject to change.
As you start the difficult task of preparing your budget and the adoption of your millage rate(s),
please consider the unprecedented hardship caused by the COVID-19 crisis that many of our
property owners are facing . As you know, unemployment is at a record high and many families
are struggling or unable to pay their mortgage .
For homestead property owners, Florida law requires their taxable value to increase by the
Consumer Price Index (CPI) every year. For 2020, the CPI is 2.3%. Therefore, a 2.3% reduction
in the millage rate would prevent a tax increase for these homeowners while provide tax relief to
other property owners.
I want to thank you for your consideration and if you have questions or need clarification, you may
contact me at 305-375-4004 .
Sincerely,
~
Pedro J. Garcia, MNAA
Property Appraiser
cc : Jorge M . Gonzalez, Manager
11 1 NW [ ST STREE T, SUITE 71 0 • M I AMI, FLORIDA • 33 1 28
PHON E : 305 -375-4155 • FAX: 305 -375 -3024
WEJ3 S I TE: WW\V.MIAMIDADE , GOY/PA
2019 2020 ESTIMATED
PRELIMINARY TAXABLE VALUE ESTIMATED 2020 PERCENT
TAXABLE BEFORE NEW PERCENT NEW NET JUNE 1ST CHANGE
TAXING AUTHORITY VALUE CONSTRUCTION CHANGE CONSTRUCTION CHANGE ESTIMATE FROM 2019
01 MIAMI 58,961,599,417 60,097,000,000 1.9% 2,668,000,000 3,803,000,000 62,765,000,000 6.5%
0101 MIAMI ( DDA ) 21,190,968,140 20,989,000,000 -1.0% 1,603,000,000 1,401,000,000 22,592,000,000 6.6%
02 MIAMI BEACH 40,098,892,459 40,316,000,000 0.5% 1,169,000,000 1,386,000,000 41,485,000,000 3.5%
0201 MB NORMANDY SHORES 223,704,445 233,000,000 4.2% 3,000,000 12,000,000 236,000,000 5.5%
03 CORAL GABLES 16,936,366,618 17,262,000,000 1.9% 131,000,000 457,000,000 17,393,000,000 2.7%
04 HIALEAH 11,306,060,963 12,213,000,000 8.0% 177,000,000 1,084,000,000 12,390,000,000 9.6%
05 MIAMI SPRINGS 1,256,462,625 1,293,000,000 2.9% 13,000,000 50,000,000 1,306,000,000 3.9%
06 NORTH MIAMI 3,386,305,971 3,574,000,000 5.5% 130,000,000 318,000,000 3,704,000,000 9.4%
07 NORTH MIAMI BEACH 3,399,037,695 3,495,000,000 2.8% 25,000,000 121,000,000 3,520,000,000 3.6%
08 OPA-LOCKA 1,154,438,679 1,220,000,000 5.7% 1,000,000 67,000,000 1,221,000,000 5.8%
09 SOUTH MIAMI 1,987,072,238 2,039,000,000 2.6% 14,000,000 66,000,000 2,053,000,000 3.3%
10 HOMESTEAD 3,143,709,627 3,305,000,000 5.1% 117,000,000 278,000,000 3,422,000,000 8.9%
11 MIAMI SHORES 1,196,387,229 1,251,000,000 4.6% 3,000,000 58,000,000 1,254,000,000 4.8%
12 BAL HARBOUR 5,500,117,826 5,270,160,000 -4.2% -160,000 -230,000,000 5,270,000,000 -4.2%
13 BAY HARBOR ISLANDS 1,333,876,001 1,287,000,000 -3.5% 76,000,000 29,000,000 1,363,000,000 2.2%
14 SURFSIDE 3,116,633,395 3,066,000,000 -1.6% 41,000,000 -10,000,000 3,107,000,000 -0.3%
15 WEST MIAMI 569,834,358 593,000,000 4.1% 45,000,000 68,000,000 638,000,000 12.0%
16 FLORIDA CITY 559,584,262 602,000,000 7.6% 20,000,000 62,000,000 622,000,000 11.2%
17 BISCAYNE PARK 231,201,560 247,300,000 7.0% 700,000 17,000,000 248,000,000 7.3%
18 EL PORTAL 167,848,153 180,600,000 7.6% 400,000 13,000,000 181,000,000 7.8%
19 GOLDEN BEACH 1,160,543,438 1,159,000,000 -0.1% 6,000,000 4,000,000 1,165,000,000 0.4%
20 PINECREST 5,025,067,161 5,084,000,000 1.2% 39,000,000 98,000,000 5,123,000,000 1.9%
21 INDIAN CREEK 653,264,284 678,000,000 3.8% 0 25,000,000 678,000,000 3.8%
22 MEDLEY 2,419,004,278 2,501,000,000 3.4% 42,000,000 124,000,000 2,543,000,000 5.1%
23 N. BAY VILLAGE 1,091,206,289 1,055,000,000 -3.3% 20,000,000 -16,000,000 1,075,000,000 -1.5%
24 KEY BISCAYNE 8,310,656,693 8,178,000,000 -1.6% 8,000,000 -125,000,000 8,186,000,000 -1.5%
25 SWEETWATER 1,853,737,333 1,905,000,000 2.8% 52,000,000 103,000,000 1,957,000,000 5.6%
26 VIRGINIA GARDENS 266,608,319 273,800,000 2.7% 200,000 7,000,000 274,000,000 2.8%
27 HIALEAH GARDENS 1,382,828,298 1,468,000,000 6.2% 13,000,000 98,000,000 1,481,000,000 7.1%
28 AVENTURA 10,740,186,632 10,304,000,000 -4.1% 96,000,000 -340,000,000 10,400,000,000 -3.2%
30 UNINCORPORATED 82,361,962,711 85,897,000,000 4.3% 1,145,000,000 4,680,000,000 87,042,000,000 5.7%
31 SUNNY ISLES BEACH 11,568,495,663 10,956,000,000 -5.3% 941,000,000 329,000,000 11,897,000,000 2.8%
32 MIAMI LAKES 3,365,592,016 3,461,000,000 2.8% 65,000,000 160,000,000 3,526,000,000 4.8%
33 PALMETTO BAY 3,053,651,042 3,143,000,000 2.9% 48,000,000 137,000,000 3,191,000,000 4.5%
34 MIAMI GARDENS 4,955,640,419 5,238,000,000 5.7% 99,000,000 381,000,000 5,337,000,000 7.7%
35 DORAL 13,715,630,586 13,769,000,000 0.4% 480,000,000 533,000,000 14,249,000,000 3.9%
36 CUTLER BAY 2,650,512,622 2,751,000,000 3.8% 4,000,000 104,000,000 2,755,000,000 3.9%
COUNTY-WIDE 308,641,457,718 315,079,000,000 2.1% 7,704,000,000 14,142,000,000 322,783,000,000 4.6%
FIRE AND RESCUE 173,237,599,110 177,150,000,000 2.3% 3,549,000,000 7,461,000,000 180,699,000,000 4.3%
LIBRARY 280,962,317,536 286,167,000,000 1.9% 4,094,000,000 9,299,000,000 290,261,000,000 3.3%
SCHOOL BOARD 339,593,182,438 342,986,000,000 1.0% 7,706,000,000 11,099,000,000 350,692,000,000 3.3%
S FL WATER MNGT DIST 310,905,785,149 317,276,000,000 2.0% 7,706,000,000 14,076,000,000 324,982,000,000 4.5%
FL INLAND NAV DIST 310,905,785,149 317,276,000,000 2.0% 7,706,000,000 14,076,000,000 324,982,000,000 4.5%
THE CHILDREN'S TRUST 310,905,785,149 317,276,000,000 2.0% 7,706,000,000 14,076,000,000 324,982,000,000 4.5%
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2020 Estimated Taxable Values by Taxing Authority
JUNE 1, 2020