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BAL HARBOUR
- VILLAGE -
OFFICE OF THE VILLAGE MANAGER LETTER TO COUNCIL
NO. 082-2021
Mayor Gabriel Groisman and Members of the Village Council
Jorge M. Gonzalez, Village Manage
June 4, 2021
2021 June Assessment Roll Estimate
The purpose of this Letter to Council (LTC) is to inform you
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 $31,990,506 or -.6% from the 2020 July 1 Estimated Taxable
Value of $5,276,990,506 to the June 1 2020 Estimated Taxable Value of $5,245,000,000.
Applying the estimated reduction to our General Fund Property Tax values at the current
millage rate, would result in a decrease of $59,730 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 overall valuation decrease results from a combination of
declining condominium values in addition to demolitions that occurred during Calendar 2021.
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.
The millage rate determines the ad valorem revenue for the General Fund which funds a
myriad of general governmental services. Every element of the Bal Harbour Experience is
funded in part through General Fund resources and therefore are supported by the General
Fund Property Taxes.
Should you have any questions or need any additional information, please contact me.
Attachment: 2021 Assessment Roll Estimate, Miami -Dade County Property Appraiser
JMG/CD