HomeMy Public PortalAboutLTC 128-2016 2016 Certification of Taxable ValueBAL HARBOUR
V I L L A G E -
OFFICE OF THE VILLAGE MANAGER LETTER TO COUNCIL
NO. 128-2016
To: Mayor Martin Packer and Members of the Village Council
From: Jorge M. Gonzalez, Village Manager
Date: July 1, 2016
Subject: 2016 Certification of Taxable Value
The purpose of this Letter to Council (LTC) is to transmit to you a copy of the July 01, 2016
Certification of Taxable Value provided by the Miami -Dade County Property Appraiser.
On July 1 of each year, the Miami -Dade County Property Appraiser provides a Certification
of Taxable Values of the current year's Assessment Roll Value. These values reflect an
increase in existing property values from the July 2015 Preliminary Taxable Value of
$4,249,305,000 to the 2016 Certified Taxable Value of $4,433,731,559, an increase of
$184,426,559, or 4.34%. Applying this increase to our General Fund Property Tax revenues,
at the current millage rate, would result in an increase of approximately $353,950, or at 95%
as required for budget purposes $336,250 of tax revenue villagewide.
In the coming weeks, we anticipate receipt of revenue estimates from the State of Florida
Department of Revenue for State Revenue Sharing, Sales Tax, and Communication Service
Taxes, and from Florida Power & Light Franchise Fees, Utility 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.
The 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