HomeMy Public PortalAboutLTC 105-2016 2016 June Assessment Roll EstimateBAL HARBOUR
V I L L A G E -
OFFICE OF THE VILLAGE MANAGER LETTER TO COU NCI L
NO. 105-2016
To: Mayor Martin Packer and Members of the Village Council
From: Jorge M. Gonzalez, Village Manager
Date: June 2, 2016
Subject: 2016 June Assessment Roll Estimate
The purpose of this Letter to Council (LTC) is to transmit to you a copy of the 2016
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 2015 July 01 Preliminary
Taxable Value of $4,249,305,000 to the 2016 Estimated Taxable Value of $4,441,000,000,
an increase of $191,965,000, or 4.5112%. Applying this increase to our General Fund
Property Tax revenues, at the current millage rate, would result in an increase of
approximately $370,800, or at 95% as required for budget purposes $352,260, of tax revenue
villagewide. I have requested additional information from the Property Appraiser's Office to
make sure that their estimates are correct. While we are showing a year -over -year increase,
our increase is below the countywide average of 8.6%. It is important that their appraisals are
accurate because Ad Valorem tax revenue comprises a significant portion of our total general
fund revenue each year.
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 2017 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.
JMG/AR
MIAMI-DADE COUNTY
PROPERTY APPRAISER
ADMINISTRATIVE DIVISION
PEDRO J. GARCIA
PROPERTY APPRAISER
May 31, 2016
The Honorable Martin Packer, Mayor
Bal Harbour Village
655 - 96th Street
Bal Harbour, FL 33154
RE: 2016 ASSESSMENT ROLL ESTIMATE
Dear Mayor Packer:
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 15t is the official certification date for the 2016 assessment roll.
June 18t is only an estimate, which is subject to change.
If you have questions or need clarification, you may contact me at 305-375-4004.
$4,441,000,000
Sincerely,
Pedro J. Garcia, MNAA
Property Appraiser
cc: Jorge M. Gonzalez, Manager
III NW IS')' STRI:111-, SUITE 710 • MIAMI, FLORIDA • 33128
PTJONV: 305-375-4155 PAX: 305-375-3024
WFB SITE: 191XW M1AN11DADC C(_V-/_EA