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Home My Public Portal AboutLTC 106-2017 June Assessment Roll EstimateBAL HARBOUR - VILLAGE - OFFICE OF THE VILLAGE MANAGER To: From: Jorge M. Gonzalez, Village Manage Date: June 2, 2017 Subject: 2017 June Assessment Roll Estimate LETTER TO COUNCIL NO. 106-2017 Mayor Gabriel Groisman and Members of the Village Council 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. These values reflect an increase in existing property values from the 2016 July 1 Preliminary Taxable Value of $4,433,731,559 to the 2017 Estimated Taxable Value of $4,503,000,000, an increase of $69,268,441, or 1.6% for existing properties. Inclusive of new construction, the Assessment Roll values increase by $810,000,000 to a total of $5,313,000,000 for a total increase of 19.8%. Our efforts to get the Oceana Bal Harbour project completed and a Certificate of Occupancy issued prior to the December 31, 2016 deadline is important to make sure the property was included in the tax roll this year. Applying the total increase to our General Fund Property Tax revenues, at the current millage rate, would result in an increase of approximately $1,642,000 of tax revenues, at 95% as required for budget purposes by the State of Florida of tax revenue Village -wide. 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 2018 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 issues that are important to our community. The preliminary budget, will continue to focus on keeping our community LTC 106-2017: 2017 June Assessment Roll Estimate Page 2 of 2 safe, 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 need any additional information, please contact me. JMG MIAMI-DADE COUNTY PROPERTY APPRAISER ADMINISTRATIVE DIVISION PEDRO J. GARCIA PROPERTY APPRAISER May 31, 2017 The Honorable Gabriel Groisman, Mayor Bal Harbour Village 655 - 96th Street Bal Harbour, FL 33154 RE: 2017 ASSESSMENT ROLL ESTIMATE Dear Mayor Groisman: 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 2017 assessment roll. June 1st is only an estimate, which is subject to change. If you have questions or need clarification, you may contact me at 305-375-4004. $5,313,000,000 Sincerely, Pedro J. Garcia, MNAA Property Appraiser cc: Jorge M. Gonzalez, Manager Amber Riviere, CFO 1 1 1 NW 1ST STREET, SUITE 710 • MIAMI, FLORIDA • 33128 P1-IONE: 305-375-4155 • FAX: 305-375-3024 WEB SITE: WWW.MIAMIDADE.GOV/PA MIAMI-DADE COUNTY PROPERTY APPRAISER 2017 Estimated Taxable Values by Taxing Authority JUNE 1, 2017 OV P �(UR�O TAXING AUTORITY 2016 PRELIMINARY TAXABLE VALUE 2017 ESTIMATED TAXABLE VALUE BEFORE NEW CONSTRUCTION PERCENT CHANGE NEW CONSTRUCTION 2017 JUNE 1ST ESTIMATE PERCENT CHANGE FROM 2016 01 MIAMI 44,602,305,542 46,762,000,000 4.8% 2,870,000,000 49,632,000,000 11.3% 0101 MIAMI (DDA) 16,681,746,744 16,844,000,000 1.0% 1,917,000,000 18,761,000,000 12.5% 02 MIAMI BEACH 34,697,757,108 36,482,000,000 5.1% 812,000,000 37,294,000,000 7.5% 0201 MB NORMANDY SHORES 176,059,811 196,200,000 11.4% 800,000 197,000,000 11.9% 03 CORAL GABLES 14,389,132,612 15,024,000,000 4.4% 104,000,000 15,128,000,000 5.1% 04 HIALEAH 8,533,649,696 9,271,000,000 8.6% 221,000,000 9,492,000,000 11.2% 05 MIAMI SPRINGS 1,050,756,136 1,117,500,000 6.4% 6,500,000 1,124,000,000 7.0% 06 NORTH MIAMI 2,603,435,134 2,838,000,000 9.0% 8,000,000 2,846,000,000 9.3% 07 NORTH MIAMI BEACH 2,330,919,734 2,527,000,000 8.4% 11,000,000 2,538,000,000 8.9% 08 OPA-LOCKA 751,530,607 803,500,000 6.9% -500,000 803,000,000 6.8% 09 SOUTH MIAMI 1,692,410,228 1,781,100,000 5.2% 8,900,000 1,790,000,000 5.8% 10 HOMESTEAD 2,316,513,457 2,489,500,000 7.5% 116,500,000 2,606,000,000 12.5% 11 MIAMI SHORES 974,796,046 1,048,400,000 7.6% 2,600,000 1,051,000,000 7.8% 12 BAL HARBOUR 4,433,731,559 4,503,000,000 1.6% 810,000,000 5,313,000,000 19.8% 13 BAY HARBOR ISLANDS 880,111,322 1,015,500,000 15.4% 13,500,000 1,029,000,000 16.9% 14 SURFSIDE 1,689,439,338 1,778,000,000 5.2% 359,000,000 2,137,000,000 26.5% 15 WEST MIAMI 368,149,163 417,000,000 13.3% 55,000,000 472,000,000 28.2% 16 FLORIDA CITY 460,489,467 462,700,000 0.5% 2,300,000 465,000,000 1.0% 17 BISCAYNE PARK 176,894,419 193,800,000 9.6% 1,200,000 195,000,000 10.2% 18 EL PORTAL 129,830,872 147,680,000 13.7% 320,000 148,000,000 14.0% 19 GOLDEN BEACH 952,564,565 1,029,875,000 8.1% 125,000 1,030,000,000 8.1% 20 PINECREST 4,380,870,849 4,551,000,000 3.9% 41,000,000 4,592,000,000 4.8% 21 INDIAN CREEK 547,987,077 569,910,000 4.0% 90,000 570,000,000 4.0% 22 MEDLEY 1,986,106,744 2,064,400,000 3.9% 15,600,000 2,080,000,000 4.7% 23 N. BAY VILLAGE 959,707,508 1,028,200,000 7.1% 3,800,000 1,032,000,000 7.5% 24 KEY BISCAYNE 8,339,284,877 8,615,900,000 3.3% 20,100,000 8,636,000,000 3.6% 25 SWEETWATER 1,557,673,900 1,629,400,000 4.6% 27,600,000 1,657,000,000 6.4% 26 VIRGINIA GARDENS 243,065,483 261,000,000 7.4% 0 261,000,000 7.4% 27 HIALEAH GARDENS 1,091,423,081 1,154,200,000 5.8% 13,800,000 1,168,000,000 7.0% 28 AVENTURA 9,901,694,244 10,081,700,000 1.8% 7,300,000 10,089,000,000 1.9% 30 UNINCORPORATED 66,613,469,754 70,591,000,000 6.0% 1,008,000,000 71,599,000,000 7.5% 31 SUNNY ISLES BEACH 10,111,428,895 10,291,000,000 1.8% 795,000,000 11,086,000,000 9.6% 32 MIAMI LAKES 2,809,602,232 2,980,200,000 6.1% 68,800,000 3,049,000,000 8.5% 33 PALMETTO BAY 2,659,717,359 2,805,800,000 5.5% 6,200,000 2,812,000,000 5.7% 34 MIAMI GARDENS 3,840,502,830 4,084,400,000 6.4% 113,600,000 4,198,000,000 9.3% 35 DORAL 11,134,952,688 11,510,000,000 3.4% 512,000,000 12,022,000,000 8.0% 36 CUTLER BAY 2,234,838,286 2,369,000,000 6.0% 4,000,000 2,373,000,000 6.2% COUNTY -WIDE 251,337,011,475 264,010,000,000 5.0% 8,036,000,000 272,046,000,000 8.2% FIRE AND RESCUE 140,871,793,499 148,129,000,000 5.2% 4,000,000,000 152,129,000,000 8.0% LIBRARY 230,877,177,404 242,232,000,000 4.9% 6,622,000,000 248,854,000,000 7.8% SCHOOL BOARD 284,845,924,926 296,811,000,000 4.2% 8,042,000,000 304,853,000,000 7.0% S FL WATER MNGT DIST 253,337,152,718 266,203,000,000 5.1% 8,042,000,000 274,245,000,000 8.3% FL INLAND NAV DIST 253,337,152,718 266,203,000,000 5.1% 8,042,000,000 274,245,000,000 8.3% THE CHILDREN'S TRUST 253,337,152,718 266,203,000,000 5.1% 8,042,000,000 274,245,000,000 8.3%