HomeMy Public PortalAboutLTC 094-2018 2018 June Assessment Roll EstimateBAL HARBOUR
- VILLAGE -
OFFICE OF THE VILLAGE MANAGER
LETTER TO COUNCIL
NO. 094-2018
To: Mayor Gabriel Groisman and Members of the Village Council
From: Jorge M. Gonzalez, Village Manager�
Date: June 1, 2018
Subject: 2018 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.
These values reflect an increase in existing property values from the 2017 July 1 Preliminary
Taxable Value of $5,314,206,510 to the 2018 Estimated Taxable Value of $5,476,000,000,
inclusive of new construction, reflects an increase of $161,793,490, or 2.95%. Applying
the total increase to our General Fund Property Tax revenues, at the current millage rate,
would result in an increase of approximately $302,000 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 2019 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 keeping our community 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/AR
MIAMI-DADE COUNTY
PROPERTY APPRAISER
ADMINISTRATIVE DIVISION
PEDRO J. GARCIA
PROPERTY APPRAISER
June 1,2018
The Honorable Gabriel Groisman, Mayor
Bal Harbour Village
655 - 96th Street
Bal Harbour, FL 33154
RE: 2018 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 2018 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.
$5,476,000,000
Sincerely,
Pedro J. Garcia, MNAA
Property Appraiser
cc: Jorge M. Gonzalez, Manager
Amber Riviere, CFO
1 1 1 NW IS' STREET, SUITE 710 • MIAMI, FLORIDA • 33128
PHONE: 305-375-4155 • FAX: 305-375-3024
\C-EI3 SITE: WWW.MIAMIDADE.GOV/PA