5THE CITY OF PLEASANT LIVING
To:
From:
Copy:
Date:
Subject:
Request:
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM
The Honorable Mayor & Members of the City Commission
Steven Alexander, City Manager
Alfredo Riverol, CPA, Cr.FA, CGFM, CGMA, Chief Financial Officer
July 14,2014 Agenda Item:...5.....-
Tentative Millage Rate for FY 2015-2016
A Resolution of the City of South Miami, Florida,
relating to the City's 2015/2016 fiscal year budget;
advising the Miami-Dade County Property Appraiser of
its proposed millage rate of 4.3639 mills; its rolled-back
rate of 4.0235 mills and announcing the dates of public
hearing to consider the proposed millage rate and
tentative budget.
BACKGROUND & ANALYSIS
The procedures and timetables for establishing the taxation rate and the creation of the
Budget are governed by the State of Florida. These rules are generally referred to as
TRIM (Truth-in-Millage). This memo addresses the establishment of the maximum
millage rate, rollback millage rate, and scheduling formal budget public hearings as
required by the TRIM law.
The Miami-Dade County Property Appraiser certified the Taxable Value within the City
of South Miami at $1,570,747,669. This valuation represents a 6.09% increase from the
FY 2014-15 level of $1 ,480,600,491 .
Maximum Millage Rate
A primary source of revenue for municipal government is the property ad valorem tax,
which is representative of the property taxes applied to commercial and residential real
property and commercial personal property. The Miami Dade Property Appraiser sets
this property valuation, not the City of South Miami. The rate at which property is
taxed is referred to as the millage rate. The tax rate, or millage rate, is set by the City
of South Miami. The amount of taxes paid by a property owner is determined by
multiplying the millage rate times each $1,000 of assessable property value.
Local jurisdictions, including municipalities, are required, to establish a maximum millage
rate during the budget process as required by Florida Statute 200.065 which requires
that within 35 days of receiving the Certificate of Value, (Certification of Value was
made on July I, 2015) each taxing authority shall advise the property appraiser of its
Page I of 6
proposed millage rate, its rolled-back rate computed pursuant to sub-section (I) and of
the date, time and place when a public hearing will be held to consider the proposed
millage rate and tentative budget. This rate will be advertised by the City and also
reported to the Miami-Dade Property Appraiser. The Commission can decrease the
rate during the budget process. but it cannot be increased after the above date except
under extraordinary circumstances at significant expense to the City.
The proposed millage rate is 4.3639 mills, which is equivalent to the City's FY 2015
existing millage rate.
At this point the City is simply establishing a maximum millage rate for budget flexibility
and advertising purposes. Therefore, the Mayor and Commission may elect to consider
establishing a higher maximum millage rate, for instance, 4.5000, which would generate
additional estimated ad valorem revenue of $184,185; above the proposed 4.3639
millage rate.
For every change of one-tenth of the millage rate, the ad valorem revenue generated is
increased or decreased by an estimated $135,331. As per Miami-Dade County's 2015
preliminary average taxable homestead residential value report, the average taxable
homestead residential value for South Miami is $200,781.
Under the alternately suggested millage rate example of 4.5000, using the Miami-Dade
County's average taxable value, the average homesteaded residential taxpayer would
incur an annual additional $80.55, which equals .22 cents a day, on their 2015 annual tax
bill when compared to their 2014 annual tax bill.
TAXING AGENCY
City of South Miami
FY 2015
MILLAGE
4.3639
FY 2016
MILLAGE
4.5000
As per the Miami-Dade County Preliminary Average Residential Values
FY 2015 FY 2016
Average Homestead Residential Taxable Amount $188,585 $200,781
FY 2015 FY2016 Djff
City of South Miami Average Homestead
Residential Tax Due $822.97 $903.51 $80.55
Page 2 of 6
Adopting the current FY 2015 millage rate of 4.3639 as the FY 2016 millage rate would
provide the City an estimated Ad Valorem revenue increase of $306,200 based on the
increase in value of property in the City.
During the FY 2015 budget process, new recommended budget items such as much
needed parks improvements will require additional funds over last years budget and the
Mayor and Commission may request special projects, new funding for educational
alliances, purchase and or refurbish parks and other publicly owned properties and
facilities, set new policies, and/or adopt newly negotiated labor agreements, which
expenses the additional estimated revenue may assist in funding. As mentioned above,
the initial maximum rate, can be decreased by the Commission later during the budget
process.
Rolled-back Millage Rate
Cities are also required to calculate what is known as the "Rolled-back Millage Rate."
This is the calculated tax rate at which the City would receive the same ad valorem
revenue as in the previous year, excluding current year new taxable values (New
Construction, additions, etc.). The rolled-back millage rate for the City of South Miami
is 4.0235. This rolled-back rate represents a 8.46% decrease in the City's current
millage rate of 4.3639. If the City were to adopt the rolled-back rate of 4.0235, the
City's estimated Ad Valorem revenue would decrease by an estimated $460,666 when
compared to the City's proposed FY 2015 Ad Valorem revenue estimate.
Page 3 of 6
Please find the Millage Calculation table below.
MILLAGE CALCULATION COMPARISON (PROPOSED)
. AQOPTED PROPOSED ' .. ; ..
. ACCOUNT CLASSIFICATION .... MILLAGE .. MILLAGE DIFF '; .. . .. I, FY2015 .. ··'···· ,Fyi!!16
MILLAGE RATE 4.3639 4.3639 0.00%
REAL PROPERTY TAXABLE VALUE 1,41 1,442,669 1,500,767,136 6.33%
PERSONAL PROPERTY TAXABLE VALUE 69,157,822 69,980,533 1.19%
TOTAL TAXABLE VALUE (REAL AND 1,480,600,491 1,570,747,669 6.09% PERSONAL PROPERTy)
AD VALOREM REVENUE 6,461,192 6,854,586 393,393
95% OF TAXABLE VALUE (TO ALLOW FOR 6,138,133 6,511,856 $373,724 DELETIONS & DELINQUENCIES)
DEDICATED TAX INCREMENT AMOUNT -492,421 -559,945 67,524
AD VALOREMBI,JDGET ESTIMATE .. 5,645,(,12 ·5;951,91 ! 306,200
MILLAGE CALCULATION (ROLLED-BACK)
.. .... .' .. APPPTED .PRO~OSED I> EST. '.ACCOUNT'CLA.SSIFICATION , Mn'LA~E .. · ,MILJ.,AGE
, ... FY2015 FY20ii! . DIFF
, . . ....
MILLAGE RATE 4.3639 4.0235 -8.46%
REAL PROPERTY TAXABLE VALUE 1,41 1,442,669 1,500,767,136 6.33%
PERSONAL PROPERTY TAXABLE VALUE 69,157,822 69,980,533 1.19%
TOTAL TAXABLE VALUE (REAL AND 1,480,600,491 1,570,747,669 6.09% PERSONAL PROPERTY)
AD VALOREM REVENUE 6,461,192 6,319,903 -141,289
95% OF TAXABLE VALUE (TO ALLOW FOR 6,138,133 6,003,908 -134,225 DELETIONS & DELINQUENCIES)
DEDICATED TAX INCREMENT AMOUNT -492,421 -512,662 20,241
AD VALOREM BUDGET ESTIMATE . $,645,712 ". 5;491,246 -154,466
DIFFERENCE ·460,666
Page 4 of 6
Below please find a detail breakdown of the City's 2015 taxable values and 2014 taxable
values by property type.
. ... 20.15 ....... 20J4
PROPERTY TYPE. COUNT TAXABLE VALUE COUNT TAXABLE VALUE
SINGLE FAMILY 2,850 679,679,917 2,854 631,877,462
CONDOMINIUM 788 96,890,351 788 88.118,355
MULTI FAMILY 92 123,697,391 93 I 15,552,459
COMMERCIAL 622 532,170,280 620 514,875,940
INDUSTRIAL 27 10,745,215 27 10,446,277
AGRICULTURE 595,528 590,429
VACANT LAND 214 43,244,793 208 33,433,873
INSTITUTIONAL 36 11,106,876 37 11,466,080
GOVERNMENTAL 54 912,303 54 907,483
OTHER PROPERTIES II 1,724,482 8 4,174,311
REAL ESTATE PARCELS 4,695 1,500,767,136 4,690 1,411,442,669
PERS PROP & CENT ASSD 69,980,533 69,157,822
ALL ASSESSED PROPERTY 1,570,747,669 1,480,600,491
This increase is attributable to signs of the economy stabilizing. The City experienced
an assessed real property value increase of $89,324,467 or 6.09%.
Tangible Personal Property assessed values increased by $822,711 or I %. Tangible
Personal Property (TPP) is everything that is not real estate (land, buildings and
improvements). It includes furniture, fixtures, tools, computer equipment, machinery,
office equipment, supplies, leasehold improvements, leased equipment, signage, and any
other equipment used in a business. Furniture and fixtures used in a rental unit (condo,
apt, house) are also taxable.
Increase in property valuations from specifically from construction for the current 2015
year is $9,734,543, which represents an increase from the previous year of $5,565,060
or 133%.
The Administration recommends a proposed millage rate of at least 4.3639 mills. This
millage rate will allow the City to continue with regular necessary services, operations
and on-going projects without an increase in tax rate. Whatever rate the Commission
sets at this time will be the highest possible rate for this coming fiscal year. The
Commission will be able to re-consider the rate during the FY 16 budget hearings in
September of 2015 only for rates lower than what is set tonight.
Page 5 of 6
Budget Hearing Schedule
The City is required to hold two formal Budget Public Hearings. There are guidelines
on when these hearings must be held. Additionally, a local municipality cannot hold a
budget hearing on the same date as either the County or the School Board budget
hearings. There are also special advertising requirements for these hearings.
With the aforementioned constraints it is recommended that the following schedule be
established:
It is recommended that the Budget Workshop be scheduled as follows:
Budget Workshop Thursday, August 13, 2015
9:00AM
City of South Miami City Hall
Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
Additionally, the required budget hearings are proposed for the following dates:
First Budget Hearing Thursday September 10, 2015
7:00 PM
Second Budget Hearing Thursday, September 24, 2015
7:00 PM
Attachments
-Resolution
-20 15 Tax Roll by Property Type
-2015 Year-to-Year-Comparison
-2015 Preliminary Tax Roll by Taxing Authority
-2015 Preliminary Senior Exemption
-DR-420, 420TIF, & 420MM-P (DRAFTS)
City of South Miami City Hall
Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
City of South Miami City Hall
Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
-Miami-Dade County Preliminary Average Taxable Homestead Residential Value
Page 6 of 6
1 RESOLUTION NUMBER: _____ _
2 A Resolution of the City of South Miami, Florida, relating to
3 the City's 20 I 5/20 16 fiscal year budget; advising the Miami-
4 Dade County Property Appraiser of its proposed millage rate
5 of 4.3639 mills; its rolled-back rate of 4.0235 mills, and
6 announcing the dates of public hearing to consider the
7 proposed millage rate and tentative budget.
8 WHEREAS, Florida Statute 200.065 requires that within 35 days of receiving
9 the Certificate of Value, each taxing authority shall advise the property appraiser of its
10 proposed millage rate, its rolled-back rate computed pursuant to sub-section (I) and of
11 the date, time and place when a public hearing will be held to consider the proposed
12 millage rate and tentative budget; and
13 WHEREAS, the Certification of Value was made on July I, 2015; and
14 WHEREAS, the City's Administration computed the proposed millage rate
15 and the rolled-back rate; and
16 WHEREAS, the Mayor and City Commission wish to comply with the
17 aforesaid Statute.
18 NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND
19 CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT:
20 Section I. The City Administration shall advise the property appraiser that
21 the proposed millage rate of the City of South Miami, Florida for the 2015/2016 fiscal
22 year budget is 4.3639 mills which is an 8.46% increase over the rolled back rate and
23 that the rolled-back rate computed pursuant to sub-section (I) of Florida Statute
24 200.065 is 4.0235 mills.
25 Section 2. The date, time, and place of the first and second public budget
26 hearings shall be held to consider the proposed millage rate are as follows:
27 First Budget Hearing, September 10, 2015 at 7:00 p.m., in the City Commission
28 Chambers, 6130 Sunset Drive, South Miami, Florida.
29
30
Second Budget Hearing, September 24, 2015 at 7:00 p.m., in the City
Commission Chambers, 6130 Sunset Drive, South Miami, Florida.
31 Section 3. Severability. If any section clause, sentence, or phrase of this
32 resolution is for any reason held invalid or unconstitutional by a court of competent
33 jurisdiction, the holding shall not affect the validity of the remaining portions of this
34 resolution.
35
36 Section 4. Effective Date. This resolution shall become effective
37 immediately upon adoption by vote of the City Commission.
Page I of2
38
39 PASSED AND ADOPTED this __ day of ,2015.
40
41
42 ATTEST: APPROVED:
43
44
45
46 CITY CLERK MAYOR
47
48 READ AND APPROVED AS TO FORM, COMMISSION VOTE:
49 LANGUAGE, LEGALITY AND Mayor Stoddard:
50 EXECUTION THEREOF Vice Mayor Harris:
51 Commissioner Edmond:
52 Commissioner Liebman:
53 CITY ATTORNEY Commissioner Welsh:
Page 2 of2
MIAMI-DADE COUNTY
PROPERTY APPRAISER • .'-'.-
2015 ASSESSMENT ROLL CHANGE BY PROPERTY TYPE
'<Oi'
JULY 1, 2015
2015 City of South Miami Preliminary Assessment Roll Values and 2014 Comparison
2015 2014 PRElIMINARY VALUES 2015 PRELIMINARY VALUES TAXABLE
PROPERTY TYPE COUNT JUST VALUE TAXABLE VALUE JUST VALUE TAXABLE VALUE VALUE DIFF PCT NEW CONS
SINGLE FAMILY 2,850 998,340,703 631,877,462 1,143,509,518 679,679,917 47,802,455 7.6% 5,128,349
CONDOMINIUM 788 109,985,367 88,118,355 122,836,292 96,890,351 8,771,996 10.0% ° MULTI FAMILY 92 131,795,580 115,552,459 137,832,560 123,697,391 8,144,932 7.0% 270,051
COMMERCIAL 622 550,428,228 514,875,940 577,680,245 532,170,280 17,294,340 3.4% 5,410,237
INDUSTRIAL 27 11,930,882 10,446,277 12,557,699 10,745,215 298,938 2.9% 0
AGRICULTURE 1 1,043,729 590,429 1,202,823 595,528 5,099 0.9% 0
VACANT LAND 214 41,220,886 33,433,873 52,169,423 43,244,793 9,810,920 29.3% -1,126,128
INSTITUTIONAL 36 97,389,052 11,466,080 99,110,237 11,106,876 -359,204 -3.1% 52,034
GOVERNMENTAL 54 104,752,465 907,483 106,155,113 912,303 4,820 0.5% ° OTHER PROPERTIES 11 5,802,023 4,174,311 2,917,578 1,724,482 -2,449,829 -58.7% °
REAL ESTATE PARCELS 4,695 2,052,688,915 1,411,442,669 2,255,971,488 1,500,767,136 89,324,467 6.3% 9,734,543
PERS PROP & CENT ASSD 117,213,844 69,157,822 120,908,612 69,980,533 822,711 1.2% 0
ALL ASSESSED PROPERTY 2,169,902,759 1,480,600,491 2,376,880,100 1,570,747,669 90,147,178 6.1% 9,734,543
MIAMI-DADE COUNTY (I PROPERTY APPRAISER
2015 AND 2014 PREUMINARY ROLL COMPARISION
JULY 1, 2015
2015 PRELIMINARY ASSESSMENT ROLL VALUES 2014 PRELIMINARY ASSESSMENT ROLL VALUES
PERS PROP GROSS PERS PROP GROSS CHANGE IN
TAXING AUTHORITY REAL PROPERTY & CENT ASSD TAXABLE REAL PROPERTY & CENT ASSD TAXABLE GROSS TAXABLE PCT
CITY OF MIAMI 37,805,289,621 2,097,769,007 ·39,903,058,628 33,267,677,128 2,017,164,410 35,284,841,538 4,618,217,090 13.09%
DOWNTOWN DEV AUTHORITY 14,118,964,218 1,011,832,785 15,130,797,003 12,452,558,542 972,633,793 13,425,192,335 1,705,604,668 12.70%
CITY OF MIAMI BEACH 30,106,660,254 591,230,611 30,697,890,865 26,516,634,850 587,236,570 27,103,871,420 3,594,019,445 13.26%
NORMANDY SHORES 153,182,984 28,502 153,211,486 134,348,885 14,311 134,363,196 18,848,290 14.03%
CITY OF CORAL GABLES 13,395,162,364 297,441,249 13,692,603,613 12,563,996,934 291,419,796 12,855,416,730 837,186,883 6.51%
CITY OF HIALEAH 7,304,727,801 554,056,552 7,858,784,353 6,755,960,917 551,071,019 7,307,031,936 551,752,417 7.55%
CITY OF MIAMI SPRINGS 917,199,989 68,540,324 985,740,313 871,061,892 75,443,006 946,504,898 39,235,415 4.15%
CITY OF NORTH MIAMI 2,288,960,375 104,216,287 2,393,176,662 2,090,641,105 111,368,371 2,202,009,476 191,167,186 8.68%
CITY OF NORTH MIAMI BEACH 1,882,680,002 117,906,861 2,000,586,863 1,741,749,180 127,316,929 1,869,066,109 131,520,754 7.04%
CITY OF OPA-LOCKA 594,351,107 109,223,535 703,574,642 564,004,316 97,061,174 661,065,490 42,509,152 6.43%
CITY OF SOUTH MIAMI 1,500,767,136 69,980,533 1,570,747,669 1,411,442,669 69,157,822 1,480,600,491 90,147,178 6.09%
CITY OF HOMESTEAD 2,034,528,349 103,781,196 2,138,309,545 1,846,933,737 101,866,921 1,948,800,658 189,508,887 9.72%
MIAMI SHORES VILLAGE 880,336,926 21,292,150 901,629,076 808,067,935 21,724,963 829,792,898 71,836,178 8.66%
BAL HARBOUR VILLAGE 4,185,426,480 63,878,520 4,249,305,000 3,887,448,006 67,000,053 3,954,448,059 294,856,941 7.46%
TOWN OF BAY HARBOR ISLANDS 765,830,207 12,235,617 778,065,824 686,001,056 12,926,349 698,927,405 79,138,419 11.32%
TOWN OF SURFSIDE 1,476,296,054 26,459,166 1,502,755,220 1,314,584,538 22,291,469 1,336,876,007 165,879,213 12.41%
CITY OF WEST MIAMI 305,842,011 14,155,078 319,997,089 288,547,878 13,517,423 302,065,301 17,931,788 5.94%
CITY OF FLORIDA CITY 389,718,163 39,245,095 428,963,258 374,808,673 35,445,051 410,253,724 18,709,534 4.56%
VILLAGE OF BISCAYNE PARK 157,065,969 2,962,727 160,028,696 141,623,026 2,865,391 144,488,417 15,540,279 10.76%
VILLAGE OF EL PORTAL 111,358,210 2,850,367 114,208,577 96,325,487 2,657,100 98,982,587 15,225,990 15.38%
TOWN OF GOLDEN BEACH 847,150,872 1,298,894 848,449,766 758,971,019 1,231,247 760,202,266 88,247,500 11.61%
VILLAGE OF PINECREST 4,067,033,383 45,547,883 4,112,581,266 3,867,702,788 45,842,524 3,913,545,312 199,035,954 5.09%
VILLAGE OF INDIAN CREEK 499,403,917 2,670,434 502,074,351 445,587,720 2,604,059 448,191,779 53,882,572 12.02%
TOWN OF MEDLEY 1,616,098,994 246,189,603 1,862,288,597 1,536,371,278 226,412,061 1,762,783,339 99,505,258 5.64%
NORTH BAY VILLAGE 813,392,317 18,926,651 832,318,968 728,530,812 19,413,373 747,944,185 84,374,783 11.28%
VILLAGE OF KEY BISCAYNE 7,685,508,851 36,239,673 7,721,748,524 6,659,700,367 37,956,862 6,697,657,229 1,024,091,295 15.29%
CITY OF SWEETWATER 1,310,902,781 130,887,643 1,441,790,424 1,202,702,997 113,518,492 1,316,221,489 125,568,935 9.54%
VILLAGE OF VIRGINIA GARDENS 147,474,810 94,793,591 242,268,401 142,374,749 93,437,732 235,812,481 6,455,920 2.74%
CITY OF HIALEAH GARDENS 948,445,022 69,719,485 1,018,164,507 886,961,471 61,292,911 948,254,382 69,910,125 7.37%
CITY OF AVENTURA 8,886,506,279 208,455,823 9,094,962,102 8,195,629,273 198,681,857 8,394,311,130 700,650,972 8.35%
CITY OF SUNNY ISLES BEACH 8,903,669,516 56,137,709 8,959,807,225 7,621,070,909 58,187,874 7,679,258,783 1,280,548,442 16.68%
TOWN OF MIAMI LAKES 2,528,509,213 162,587,214 2,691,096,427 2,410,862,994 164,097,130 2,574,960,124 116,136,303 4.51%
VILLAGE OF PALMETIO BAY 2,487,696,292 63,616,901 2,551,313,193 2,402,586,119 59,651,019 2,462,237,138 89,076,055 3.62%
CITY OF MIAMI GARDENS 3,247,030,310 339,205,808 3,586,236,118 3,086,794,350 358,102,753 3,444,897,103 141,339,015 4.10%
CITY OF DORAL 9,479,050,830 676,898,947 10,155,949,777 8,819,604,601 686,348,954 9,505,953,555 649,996,222 6.84%
TOWN OF CUTLER BAY 2,014,582,388 66,622,226 2,081,204,614 1,847,329,145 65,229,742 1,912,558,887 168,645,727 8.82%
COUNTY OPERATING 217,526,526,544 12,902,664,946 230,429,191,490 197,905,775,775 12,638,982,635 210,544,758,410 19,884,433,080 9.44%
MUNICIPAL SERVICE AREA 56,065,362,185 6,381,809,882 62,447,172,067 52,189,503,439 6,236,736,891 58,426,240,330 4,020,931,737 6.88%
FIRE & RESCUE 121,330,869,127 9,325,927,854 130,656,796,981 112,241,185,620 9,154,133,978 121,395,319,598 9,261,477,383 7.63%
LIBRARY 198,851,596,201 12,002,619,793 210,854,215,994 180,729,337,907 11,725,283,482 192,454,621,389 18,399,594,605 9.56%
SO FL WATER MGMT DIST 219,576,939,832 12,902,664,946 232,479,604,778 199,976,576,844 12,638,982,635 212,615,559,479 19,864,045,299 9.34%
EVERGLADES CONSTR PROJECT 219,576,939,832 12,902,664,946 232,479,604,778 199,976,576,844 12,638,982,635 212,615,559,479 19,864,045,299 9.34%
OKEECHOBEE BASIN 219,576,939,832 12,902,664,946 232,479,604,778 199,976,576,844 12,638,982,635 212,615,559,479 19,864,045,299 9.34%
FL INLAND NAVIGATION DIST 219,576,939,832 12,902,664,946 232,479,604,778 199,976,576,844 12,638,982,635 212,615,559,479 19,864,045,299 9.34%
CHILDREN'S TRUST 219,576,939,832 12,902,664,946 232,479,604,778 199,976,576,844 12,638,982,635 212,615,559,479 19,864,045,299 9.34%
BOARD OF PUBLIC INSTRUCTION 249,223,962,032 12,903,494,856 262,127,456,888 222,155,476,157 12,647,542,451 234,803,018,608 27,324,438,280 11.64%
IMI,o.MI·D~.DE COUNTY
I PRnPFR1rv APPRAISER
2015 • CERTIFICATION OF TAXABLE
TAXING AUTORITY
MIAMI
MB NORMANDY SHORES
MIAMI SPRINGS
NORTH MIAMI
NORTH MIAMI BEACH
SOUTH MIAMI
MIAMI SHORES
FLORIDA CITY
BISCAYNE PARK
PINECREST
N. BAY VILLAGE
KEY BISCAYNE
SWEETWATER
VIRGINIA GARDENS
HIALEAH GARDENS
UNINCORPORATED
SUNNY ISLES BEACH
PALMETIOBAY
MIAMI GARDENS
CUTLER BAY
AND RESCUE
1"'Hr>ol BOARD
CHILDREN'S TRUST
PRELIMINARY
TAXABLE
13,425,
1,480,600,491
TAXABLE VALUE
BEFORE NEW
CONSTRUCTION
39,416,120.747
14,837,797.770
30,430,853,418
152,073,308
13.599,630,146
7,740,468,432
978,800,563
2,387.385,528
1,996.142.875
699,410,013
1,561,013,126
2,090,217,387
901,210,279
4,247,793,796
782,770.830
1,464,283,435
320,760,746
159,422,312
110,906,632
826,199,761
4,095,057,004
503,552.540
1,859,726.894
242,192,938
1.008,016,204
9.084,568,170
61,820,966,823
3,626,944,476
9,984,559,118
2.059,278,422
NET NEW
TAXABLE
VALUE
O·f ...•
,'," '-'
.*
PERCENT
CHANGE
MIAMI-DADE COUNTY
PROPERTY APPRAISER • ~,.' "
2015 Senior and Long-Term Resident Senior Exemptions '~'
JULY 1, 2015
LONG-TERM RESIDENT
SENIOR EXEMPTIONS SENIOR EXEMPTIONS
Municipality Count Exemption Value Count Exemption Value
01 Miami 7,029 292,142,846 3,510 48,069,089
02 Miami Beach 1,332 59,231,821 221 458,866
03 Coral Gables 392 19,309,360 0 0
04 Hialeah 6,967 300,877,420 3,360 57,940,931
05 Miami Springs 238 11,371,314 0 0
06 North Miami 592 22,329,632 161 371,066
07 North Miami Beach 600 23,515,360 0 0
08 Opa-Iocka 157 4,149,773 72 4,703
09 South Miami 131 6,258,887 0 0
10 Homestead 333 10,836,979 45 106,743
11 Miami Shores 0 0 0 0
12 Bal Harbour 26 1,138,423 0 0
13 Bay Harbor Islands 89 4,062,240 10 147,442
14 Surfside 111 5,479,224 0 0
15 West Miami 262 13,040,834 0 0
16 Florida City 0 0 0 0
17 Biscayne Park 29 1,450,000 0 0
18 EI Portal 26 1,291,059 0 0
19 Golden Beach 1 25,000 0 0
20 Pinecrest 78 3,764,051 3 0
21 Indian Creek 0 0 0 0
22 Medley 13 460,673 5 922
23 North Bay Villae 68 2,800,708 14 0
24 Key Biscayne 81 3,900,000 0 0
25 Sweetwater 351 16,130,765 0 0
26 Virginia Gardens 55 2,512,223 32 476,269
27 Hialeah Gardens 446 17,992,633 44 103,074
28 Aventura 810 19,036,062 0 0
30 Unincorporated 20,541 890,211,561 6,807 102,662,682
31 Sunny Isles Beach 539 25,310,539 0 0
32 Miami Lakes 419 20,009,099 36 904,938
33 Palmetto Bay 162 7,851,565 27 389,596
34 Miami Gardens 1,861 72,711,844 0 0
35 Doral 214 10,332,752 13 166,581
36 Cutler Bay 441 20,793,363 143 1,610,163
County 44,549 1,910,256,536 16,295 226,369,040
CERTIFICATION OF TAXABLE VALUE
INSTRUCTIONS
DR-420
R. 5/12
Page 3
"Principal Authority" is a county, municipality, or independent special district (including water management districts).
"Taxing Authority" is the entity levying the millage. This includes the principal authority, any special district dependent to the
principal authority, any county municipal seNice taxing unit (MSTU), and water management district basins.
Each taxing authority must submit to their property appraiser a DR-420 and the following forms, as applicable:
· DR-420TIF, Tax Increment Adjustment Worksheet
· DR-420DEBT, Certification of Voted Debt Millage
· DR-420MM-P, Maximum Millage Levy Calculation -Preliminary Disclosure
Section I: Property Appraiser
Use this DR-420 form for all taxing authorities except school
districts. Complete Section I, Lines 1 through 9, for each county,
municipality, independent special district, dependent special
district, MSTU, and multicounty taxing authority. Enter only
taxable values that apply to the taxing authority indicated. Use a
separate form for the principal authority and each dependent
district, MSTU and water management district basin.
Line 8
Complete a DR-420TIF for each taxing authority making
payments to a redevelopment trust fund under Section 163.387
(2)(a) , Florida Statutes or by an ordinance, resolution or
agreement to fund a project or to finance essential infrastructure.
Check "Yes" if the taxing authority makes payments to a
redevelopment trust fund. Enter the number of DR-420TIF forms
attached for the taxing authority on Line 8. Enter 0 if none.
Line 9
Complete a DR-420DEBT for each taxing authority levying either
a voted debt seNice millage (s.12, Article VII, State Constitution)
or a levy voted for two years or less (s. 9(b), Article VII, State
Constitution).
Check "Yes" if the taxing authority levies either a voted debt
seNice millage or a levy voted for 2 years or less (s. 9(b), Article
VII, State Constitution). These levies do not include levies
approved by a voter referendum not required by the State
Constitution. Complete and attach DR-420DEBT. Do not
complete a separate DR-420 for these levies.
Send a copy to each taxing authority and keep a copy. When the
taxing authority returns the DR-420 and the accompanying forms,
immediately send the original to:
Florida Department of Revenue
Property Tax Oversight -TRIM Section
P. O. Box 3000
Tallahassee, Florida 32315-3000
Section II: Taxing Authority
Complete Section II. Keep one copy, return the original and
one copy to your property appraiser with the applicable
DR-420TIF, DR-420DEBT, and DR-420MM-P within 35 days
of certification. Send one copy to the tax collector. "Dependent
special district" (ss. 200.001(8)(d) and 189.403(2), F.S.)
means a special district that meets at least one of the
following criteria:
• The membership of its governing body is identical to that of
the governing body of a single county or a single
municipality.
• All members of its governing body are appointed by the
governing body of a single county or a single
municipality.
• During their unexpired terms, members of the special
district's governing body are subject to removal at will by
the governing body of a single county or a single
municipality.
• The district has a budget that requires approval through an
affirmative vote or can be vetoed by the governing body
of a single county or a single municipality.
"Independent special district" (ss. 200.001(8)(e) and 189.403
(3), F.S.) means a special district that is not a dependent
special district as defined above. A district that includes more
than one county is an independent special district unless the
district lies wholly within the boundaries of a single
municipality.
"Non-voted millage" is any millage not defined as a "voted
millage" in s. 200.001 (8)(1), F.S.
Lines 12and 14
Adjust the calculation of the rolled-back rate for tax increment
values and payment amounts. See the instructions for
DR-420TIF. On Lines 12 and 14, carry forward values from
the DR-420TIF forms.
Line 24
Include only those levies derived from millage rates.
All TRIM forms for taXing authorities are available on our website at
http://dor.myflorida.com/dor/property/trim
CERTIFICATION OF TAXABLE VALUE
Year: 2015 County : MIAMI-DADE
Principal Authority: Taxing Authority:
CITY OF SOUTH MIAMI CITY OF SOUTH MIAMI
SECTION I: COMPLETED BY PROPERTY APPRAISER
1. Current year taxable value of real property for operating purposes
2. Current year taxable value of personal property for operating purposes
3. Current year taxable value of centrally assessed property for operating purposes
4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3)
Current year net new taxable value (Add new construction, additions, rehabilitative
5. improvements increasing assessed value by at least 100%, annexations, and tangible
personal property value over 115% of the previous year's value. Subtract deletions.)
6. Current year adjusted taxable value (Line 4 minus Line 5)
7. Prior year FINAL gross taxable value from prior year applicable Form DR-403 series
8.
Does the taxing authority include tax increment financing areas? If yes, enter number
of worksheets (DR-420TIF) attached. If none, enter 0
Does the taxing authority levy a voted debt service millage or a millage voted for 2
9. years or less under s. 9(b), Article VII, State Constitution? If yes, enter the number of
DR-420DEBT, Certification of Voted Debt Millage forms attached. If none, enter 0
$
$
$
$
$
$
$
[Z] YES
DYES
0
R.5/12
Rule 12D-16.002
Florida Administrative Code
Effective 11/1 2
1,500,767,136 (1 )
69,980,533 (2)
0 (3)
1,570,747,669 (4)
9,734,543 (5)
1,561,013,126 (6)
1,424,009,371 (7)
NO Number
1
(8)
Number
[Z] NO (9)
0
Property Appraiser Certification II certify the taxable values above are correct to the best of my knowledge.
SIGN Signature of Property Appraiser: Date:
HERE
Electronically Certified by Property Appraiser 7/1/201511:15AM
SECTION II : COMPLETED BY TAXING AUTHORITY
Ilthis portion olthe form is not completed in FULL your taxing authority will be denied TRIM certification and
possibly lose its millage levy privilege for the tax year. If any line is not applicable, enter -0-.
10. Prior year operating millage levy (If prior year millage was adjusted then use adjusted
4.3639 per $1,000 (10) millage from Form DR-422)
11. Prior year ad valorem proceeds (Line 7 multiplied by Line 10, divided by 1,000) $ 6,214,234 (11)
12. Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a $ 492,421 (12) dedicated increment value (Sum of either Lines 6c or Line 7a for all DR-420TlF forms)
13. Adjusted prior year ad valorem proceeds (Line 11 minus Line 12) $ 5,721,813 (13)
14. Dedicated increment value, if any (Sum of either Line 6b or Line 7e for all DR-420TIF forms) $ 138,903,861 (14)
15. Adjusted current year taxable value (Line 6 minus Line 14) $ 1,422,109,265 (15)
16. Current year rolled-back rate (Line 13 divided by Line 15, multiplied by 1,000) 4.0235 per$1000 (16)
17. Current year proposed operating millage rate 4.3639 per $1000 (17)
18. Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided (18)
by 1,000) $ 6,854,586
Continued on page 2
~ . yo ...
19.
o County Independent Special District TYPE of principal authority (check one)
o Municipality Water Management District
20.
Applicable taxing authority (check one) o Principal Authority o Dependent Special District
o MSTU o Water Management District Basin
21. Is millage levied in more than one county? (check one) DYes o No
the "ntal adjusted prior year ad valorem proceeds of the principal authority, all
Idelpen,de"tspecial districts, and MSTUs levying a millage. (The sum of Line 13 from all DR-420
'Lurre"l year aggregate rolled-back rate (Line 22 divided by Line 15, multiplied by 1,000)
24. Current year aggregate rolled-back taxes (Line 4 multiplied by Line 23, divided by 1,000)
Enter total of all operating ad valorem taxes proposed to be levied by the principal
25. authority, all dependent districts, and MSTUs, if any. (The sum of Line 18 from all
LUrI'enr year proposed aggregate millage rate (Line 25 divided by Line 4, multiplied
27. Current year proposed rate as a percent change of rolled-back rate (Line 26 divided by
multiplied by 100)
First public
budget hearing
Date: lime: Place:
$
$
$
5,721,813
4.0235 per $1,000
6,319,903
6,854,586
4.3639 per $1,000
8.46 %
the millages and rates are correct to the my
DR-420
R. 5/12
Page 2
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
5
I
G
N
Taxing Authority Certification The millages comply with the provisions of s. 200.065 and the provisions
either s. 200.071 or s. 200.081, F.S.
H
E
R
E
gnature of Chief Administrative Officer:
STEVEN ALEXANDER, CITY MANAGER
Mailing Address:
6130 SUNSET DR
City, State, Zip:
SOUTH MIAMI, FL 33143
Date:
Contact Name and Contact Title:
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
Physical Address:
6130 SUNSET DRIVE
Phone Number:
305-663-6343
Instructions on page 3
Fax Number:
305-663-6346
• . -
Ii TAX INCREMENT ADJUSTMENT WORKSHEET
FLORIDA
Year: 2015 County: MIAMI-DADE
Principal Authority: Taxing Authority :
CllY OF SOUTH MIAMI CllY OF SOUTH MIAMI
Community Redevelopment Area: Base Year:
SOUTH MIAMI CRA 1998
I: COMPLETED BY PROPERTY APPRAISER
1. year taxable value in the tax increment area $
2. Base year taxable value in the tax increment area $
3. ICurrel1tyear tax increment value (Line 1 minus Line 2) $
4. Prior year Final taxable value in the tax increment area $
5. Prior year tax increment value (Line 4 minus Line 2) $
DR-420TIF
R.6/10
Rule 120-16.002
Florida Administrative Code
Effective 11/12
346,245,112 (1 )
68,437,390 (2)
277,807,722 (3)
300,668,835 (4)
232,231,445 (5)
SIGN
HERE
Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge.
Signature of Property Appraiser: Date:
Electronically Certified by Property Appraiser 7/1/2015 11 :15 AM
If the amount to be paid to the redevelopment trust fund IS BASED on a specific proportion of the tax increment value:
Enter the proportion on which the payment is based. 50.00 % (6a)
Dedicated increment value (Line 3 multiplied by the percentage on Line 6a)
If value is zero or less than zero, then enter zero on Line 6b $ 138,903,861 (6b)
nt of payment to redevelopment trust fund in prior year $ 492,421 (6c)
. If the amount to be paid to the redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value:
Amount of payment to redevelopment trust fund in prior year
Prior year operating millage levy from Form DR-420, Line 10
of taxes levied on increment value
100)
increment value (Line 3 multiplied by the percentage on Line 7d)
is zero or less than then enter zero on Line 7e
$
$
$
0
0.0000 per $1,000
0
0.00 %
0
(7a)
(7b)
(7c)
(7d)
(7e)
I certify the calculations, millages and rates are correct to the best of my knowledge.
5 Signature
G
N
H
E
R
E
Title:
STEVEN ALEXANDER, CllY MANAGER
Mailing Address:
6130 SUNSET DR
City, State, Zip:
SOUTH MIAMI, FL 33143
Contact Name and Contact Title:
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
Physical Address:
6130 SUNSET DRIVE
Phone Number:
305-663-6343
Fax Number:
305-663-6346
TAX INCREMENT ADJUSTMENT WORKSHEET
INSTRUCTIONS
DR-420TIF
R.6/10
Page2
Property appraisers must complete and sign Section I of
this worksheet and provide it with form DR-420,
Certification of Taxable Value, to all taxing authorities who
make payments to a redevelopment trust fund under:
• s. 163.387(2)(a), Florida Statutes, or
• An ordinance, resolution, or agreement to fund a
project or to finance essential infrastructure.
"Tax increment value" is the cumulative increase in
taxable value from the base year to the current year within
the defined geographic area. It is used to determine the
payment to a redevelopment trust fund under:
• s. 163.387(1), F.S. or
• An ordinance, resolution, or agreement to fund a
project or finance essential infrastructure. In this
case, the taxing authority must certify the
boundaries and beginning date to the property
appraiser.
"Dedicated increment value" is the portion of the tax
increment value used to determine the payment to the
redevelopment trust fund. (See s. 200.001 (8)(h), F.S.)
Calculate the dedicated increment value on this form and
enter on either Line 6b or Line 7e.
"Specific proportion," used to determine whether to
complete Line 6 or Line 7, refers to the calculation of the
tax increment payment. Examples:
• Example 1.
Section.163.387(1), F.S., states the payment
made by the taxing authority should equal 95% of
the millage levied times the tax increment value.
The specific proportion in this case is 95%. The
ordinance providing for the payment may set a
percentage lower than 95%. In these cases, the
lower percentage would be the specific proportion.
• Example 2.
Some required tax increment payments are not
directly related to the tax increment value. A
constant dollar payment is a payment not based
on a specific proportion of the tax increment value.
Line 7 converts these payments into a proportion
based on the prior year's payment and tax
increment value to reach the current year's
dedicated increment value.
Section I: Property Appraiser
A. Complete Section I of this form for each county,
municipality, independent special district, dependent
special district, and MSTU that:
• Has a tax increment value and
• Is not exempted from making payments to a
community redevelopment trust fund based on
tax increments (s. 163.387(2)(c), F.S.).
If a taxing authority has more than one tax increment
value, they must complete a separate form for each tax
increment value. Send a copy to each taxing authority
with the DR-420 and keep a copy. When the taxing
authority returns the completed forms, immediately send
the original to:
Florida Department of Revenue
Property Tax Oversight Program -TRIM Section
P. O. Box 3000
Tallahassee, Florida 32315-3000
B. Enter only tax increment values that apply to the
value located within the taxing authority indicated.
Section II: Taxing Authority
Complete Section II of the form, keep one copy, and
return the original and one copy to your property
appraiser with DR-420 within 35 days of certification.
Send one copy to your tax collector.
Additional Instructions for Lines 6 and 7
Complete Line 6 if the payment into the redevelopment
trust fund is a specific proportion of the tax increment
value.
Complete Line 7 if the payment is based on a calculation
other than a specific proportion. Do not complete both
Lines 6 and 7.
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/property/trim
II
FLORIDA
Year: 2015
Principal Authority:
CITY OF SOUTH MIAMI
1.
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
For municipal governments, counties, and special districts
County: MIAMI-DADE
Taxing Authority:
CITY OF SOUTH MIAMI
or inciependent district that has I D Yes
DR-420MM-P
R. 5/12
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
(1 )
IF YES, STOP HERE. SIGN AND SUBMIT. You are not subject to a miJ/age limitation.
2. year rolled-back rate from Current Year Form DR-420, Line 16 4.0235 per $1,000 (2)
3. Prior year maximum millage rate with a majority vote from 2014 Form DR-420MM, Line 13 5.5714 per $1,000 (3)
operating millage rate from Current Year Form DR-420, Line 10
Adjust rolled-back rate based on prior year majority-vote maximum millage rate
5. I Prion'ear final gross taxable value from Current Year Form DR-420, Line 7
6.
7.
8.
9.
maximum ad valorem proceeds with majority vote
multiplied by Line 5 divided by 1,000)
any, paid or applied in prior year as a consequence of an obligation
by a dedicated increment value from Current Year Form DR-420 Line 12
prior year ad valorem proceeds with majority vote (Line 6 minus Line?)
current year taxable value from Current Year form DR-420 Line 15
10. current year rolled-back rate (Line 8 divided by Line 9, multiplied by 1,000)
Calculate maximum millage levy
I rate to be used for maximum millage levy calculation
11. (Enter Line 10 if adjusted or else enter Line 2)
12. change in per capita Florida personal income (See Line 12 Instructions)
13. maximum millage rate allowed (Line 11 multiplied by Line 12)
14. vote maximum millage rate allowed (Multiply Line 13 by 1.10)
15. year proposed millage rate
16. vote required to levy proposed millage: (Check one)
i vote of
maximum mill
c. I or more:
The maximum rate. Enter Line 15 on Line 17.
$ 1,424,009,371 (5)
$ 7,933,726 (6)
$ 492,421 (7)
$ 7,441,305 (8)
$ 1,422,109,265 (9)
5.2326 per $1,000 (10)
5.2326 per $1,000 (11)
1.0196 (12)
5.3352 per $1,000 (13)
5.8687 per $1,000 (14)
4.3639 per $1 ,000 (15)
(16)
maximum i I rate is
Line 13. The
d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
17 I i on
. (Enter rate indicated
16 allows a maximum millage rate
choice on Line 16)
18. Current year gross taxable value from Current Year Form DR-420, Line 4
Continued on page 2
5.3352 per $1,000 (17)
$ 1,570,747,669 (18)
Authority:
CITY OF SOUTH MIAMI
19. 11I,rrPI" year proposed taxes (Line 75 multiplied by Line 78, divided by 7,000) $
24.
25.
maximum millage rate (Line 77 Line 78, divided by $
Fnt,'r H,P current year proposed taxes d~::r~;'~~~~~
millage. (The sum of all Lines 79 from each rli
i i & MSTUs levying $
DR-420MM-P)
current year proposed taxes (Line 79 plus Line 27)
Total Taxes
at the maximum mil
(The sum of all Lines
all dependent special districts & MSTUs
from each district's Form DR-420MM-P)
taxes at maximum millage rate (Line 20 plus Line 23)
Total Maximum Versus Total Taxes Levied
taxes on Line 22
Line 247 (Check one)
I to or less than total taxes at
$
$
$
[{] YES
R.SI1
Page
6,854,586 (19)
(20)
o (21)
6,854,586 (22)
o (23)
8,380,253 (24)
D NO (25)
IT~vl~.n Authority Certification
I certify the millages and rates are correct to the best of my knowledge. The millages
comply with the provisions of 5.200.065 and the provisions of either s. 200.071 or s.
S
I
G
N
ISiglnatureof Chief Administrative Officer:
Title:
H STEVEN ALEXANDER, CITY MANAGER
E
R Mailing Address:
E 6130 SUNSET DR
City, State, Zip:
SOUTH MIAMI, FL 33143
Date:
Contact Name and Contact Title:
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
Physical Address:
6130 SUNSET DRIVE
Phone Number:
305-663-6343
Fax Number:
305-663-6346
Complete and submit this form DR-420MM-P, Maximum Millage Levy Calculation-Preliminary Disclosure, to
your property appraiser with the form DR-420, Certification of Taxable Value.
Instructions on page 3
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
INSTRUCTIONS
DR-420MM-P
R.S/12
Page 3
General Instructions
Each of the following taxing authorities must
complete a DR-420MM-P.
• County
• Municipality
• Special district dependent to a county or
municipality
• County MSTU
• Independent special district, including water
management districts
• Water management district basin
Voting requirements for millages adopted by a
two-thirds or a unanimous vote are based on the
full membership of the governing body, not on
the number of members present at the time of
the vote.
This form calculates the maximum tax levy for
2015 allowed under s. 200.065(5), F.5. Counties
and municipalities, including dependent special
districts and MSTUs, which adopt a tax levy at the
final hearing higher than allowed under s.
200.065, F.5., may be subject to the loss oftheir
half-cent sales tax distribution.
DR-420MM-P shows the preliminary maximum
millages and taxes levied based on your
proposed adoption vote. Each taxing authority
must complete, sign, and submit this form to
their property appraiser with their completed
DR-420, Certification ofTaxable Value.
The vote at the final hearing and the resulting
maximum may change. After the final hearing,
each taxing authority will file a final Form
DR-420MM, Maximum Millage Levy Calculation
Final Disclosure, with Form DR-487, Certification
of Compliance, with the Department of Revenue.
Specific tax year references in this form are
updated each year by the Department.
Line Instructions
Lines 5-10
Only taxing authorities that levied a 2014 millage rate less
than their maximum majority vote rate must complete these
lines. The adjusted rolled-back rate on Line lOis the rate
that would have been levied if the maximum vote rate for
2014 had been adopted. If these lines are completed, enter
the adjusted rate on Line 11 .
Line 12
This line is entered by the Department of Revenue. The
same adjustment factor is used statewide by all taxing
authorities. It is based on the change in per capita Florida
personal income (s. 200.001 (8)(i), F.5.), which Florida Law
requires the Office of Economic and Demographic Research
to report each year.
Lines 13 and 14
Millage rates are the maximum that could be levied with a
majority or two-thirds vote ofthe full membership ofthe
governing body. With a unanimous vote of the full
membership (three-fourths vote ofthe full membership if
the governing body has nine or more members) or a
referendum, the maximum millage rate that can be levied is
the taxing authority's statutory or constitutional cap.
Line 16
Check the box for the minimum vote necessary at the final
hearing to levy your adopted millage rate.
Line 17
Enter the millage rate indicated by the box checked in Line
16. If the proposed millage rate is equal to or less than the
majority vote maximum millage rate, enter the majority vote
maximum. If a two-thirds vote, a unanimous vote, or a
referendum is required, enter the proposed millage rate. For
a millage requiring more than a majority vote, the proposed
millage rate must be entered on Line 17, rather than the
maximum rate, so that the comparisons on Lines 21 through
25 are accurate.
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor /property/trim
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2015 PRELIMINARY AVERAGE AND MEDIAN HOMESTEAD RESIDENTIAL VALUES
JULY 1,2015
Average Values Median Values
Municipality Count Just Assessed Taxable Just Assessed Taxable
01 CITY OF MIAMI 36,871 306,996 197,421 145,844 189,446 123,033 65,536
02 CITY OF MIAMI BEACH 13,735 838,045 436,925 383,782 359,799 209,678 155,690
03 CITY OF CORAL GABLES 10,294 942,259 627,231 573,792 637,330 399,968 348,191
04 CITY OF HIALEAH 31,821 143,126 104,573 50,364 139,531 105,353 35,982
05 CITY OF MIAMI SPRINGS 2,946 261,267 192,229 138,456 247,161 179,690 126,788
06 CITY OF NORTH MIAMI 7,695 186,650 122,728 77,010 104,557 80,275 27,950
07 CITY OF NORTH MIAMI BEACH 6,418 157,403 115,822 68,435 109,161 81,792 30,059
08 CITY OF OPA-LOCKA 1,436 71,135 55,709 20,384 66,775 53,135 24,500
(Q1:F§Im¥J0E,cSOI!JT!jj·:MI8MI) f2'r3iifZ1 @l!§j7i2'lJ i252~ 120Q;781) 13S'l(:7:ll1J i21V;5Z21 (,tg]!lI§,8
10 CITY OF HOMESTEAD 6,856 126,642 95,824 51,239 122,120 93,513 40,664
11 MIAMI SHORES VILLAGE 2,823 399,468 242,893 193,300 341,625 205,003 154,549
12 BAL HARBOUR VILLAGE 685 1,521,728 876,867 825,130 995,360 530,190 480,190
13 TOWN OF BAY HARBOR ISLANDS 1,071 481,685 279,461 227,448 237,820 133,351 80,716
14 TOWN OF SURFSIDE 1,319 528,897 311,659 257,323 422,868 261,141 205,795
15 CITY OF WEST MIAMI 1,120 224,643 150,888 89,084 216,965 136,968 81,721
16 CITY OF FLORIDA CITY 773 70,738 48,306 18,876 68,177 44,074 18,692
17 VILLAGE OF BISCAYNE PARK 693 279,644 177,155 124,726 258,612 160,911 109,836
18 VILLAGE OF EL PORTAL 538 250,447 146,175 93,933 228,231 128,125 76,918
19 TOWN OF GOLDEN BEACH 233 2,927,248 1,688,780 1,637,558 1,916,819 1,124,488 1,074,488
20 VILLAGE OF PINECREST 4,454 847,248 613,621 560,901 669,699 462,512 411,444
21 VILLAGE OF INDIAN CREEK 14 20,493,701 9,346,999 9,281,474 21,319,854 7,479,020 7,429,020
22 TOWN OF MEDLEY 60 92,731 70,076 28,008 81,440 61,706 23,020
23 CITY OF NORTH BAY VILLAGE 1,004 312,047 185,004 133,517 215,140 135,899 81,790
24 VILLAGE OF KEY BISCAYNE 2,580 1,475,600 892,420 838,983 1,041,525 534,477 483,569
25 CITY OF SWEETWATER 1,823 138,465 99,563 46,718 129,264 85,747 29,636
26 VILLAGE OF VIRGINIA GARDENS 401 186,040 136,483 80,424 179,217 130,264 77,698
27 CITY OF HIALEAH GARDENS 3,893 154,577 110,720 61,124 154,430 101,438 49,336
28 CITY OF AVENTURA 8,277 379,284 271,070 220,207 258,720 182,339 129,669
30 MUNICIPAL SERVICE AREA 201,480 205,696 150,515 120,125 179,165 128,852 98,069
31 CITY OF SUNNY ISLES BEACH 3,796 522,053 325,463 274,659 270,280 166,304 116,563
32 TOWN OF MIAMI LAKES 6,459 293,323 218,577 170,569 268,799 200,002 153,089
33 VILLAGE OF PALMETTO BAY 6,245 395,497 302,640 256,191 385,064 283,445 239,466
34 CITY OF MIAMI GARDENS 18,784 118,776 84,519 40,930 116,019 81,613 33,166
35 CITY OF DORAL 6,377 310,174 237,012 191,201 276,610 207,399 163,827
36 TOWN OF CUTLER BAY 9,152 189,805 140,729 94,089 174,446 126,396 .80,193
MIAMI·DADE COUNTYWIDE 404,503 279,113 190,287 138,898 180,883 128,185 72,582
Other Taxing Authorities
BOARD OF PUBLIC INSTRUCTION 404,503 279,113 190,301 164,680 180,883 128,192 102,682
SO FLORIDA WATER MANAGEMENT DIST 404,503 279,113 190,287 143,385 180,883 128,185 77,680
FLORIDA INLAND NAVIGATION DISTRICT 404,503 279,113 190,287 143,385 180,883 128,192 77,680
THE CHILDRENS' TRUST 404,503 279,113 190,287 143,385 180,883 128,185 77,680
MIAMI-DADE COUNTY (I PROPERTY APPRAISER
2015 PRELIMINARY AVERAGE AND MEDIAN RESIDENTIAL VALUES
JULY 1,2015
Average Values Median Values
Municipalitv Count Just Assessed Taxable Just Assessed Taxable
01 CITY OF MIAMI 90,986 305,193 238,921 217,624 207,870 154,860 134,167
02 CITY OF MIAMI BEACH 46,864 628,041 439,272 423,191 275,965 211,290 198,770
03 CITY OF CORAL GABLES 16,450 817,352 603,248 568,772 511,596 361,947 329,238
04 CITY OF HIALEAH 49,238 131,775 102,424 67,329 126,471 96,258 59,308
05 CITY OF MIAMI SPRINGS 3,786 248,631 193,013 151,012 238,112 182,664 136,162
06 CITY OF NORTH MIAMI 14,328 158,501 115,743 91,023 95,663 76,590 48,049
07 CITY OF NORTH MIAMI BEACH 11,981 138,158 110,508 84,924 102,790 81,616 50,536
08 CITY OF OPA-LOCKA 2,622 66,546 56,359 36,702 63,363 53,300 25,000
09 CITY OF SOUTH MIAMI 3,638 348,088 247,647 213,461 299,745 202,754 174,878
10 CITY OF HOMESTEAD 17,068 108,476 89,248 71,266 96,384 79,711 63,950
11 MIAMI SHORES VILLAGE 3,680 377,055 251,810 212,750 321,491 216,163 173,000
12 BAL HARBOUR VILLAGE 3,289 1,342,530 1,052,194 1,041,419 617,120 534,420 533,148
13 TOWN OF BAY HARBOR ISLANDS 2,360 371,223 256,869 233,265 194,600 137,651 123,980
14 TOWN OF SURFSIDE 3,244 501,201 375,451 353,071 410,877 292,997 265,088
15 CITY OF WEST MIAMI 1,509 218,995 159,831 113,826 212,628 147,765 103,114
16 CITY OF FLORIDA CITY 1,826 65,870 52,403 39,591 65,111 49,869 37,212
17 VILLAGE OF BISCAYNE PARK 854 277,197 189,345 146,288 256,656 168,399 126,ni6
18 VILLAGE OF EL PORTAL 695 251,593 163,175 122,734 228,811 145,405 98,469
19 TOWN OF GOLDEN BEACH 342 3,155,648 2,203,199 2,168,302 2,092,605 1,437,253 1,404,283
20 VILLAGE OF PINECREST 5,922 796,869 616,020 574,890 647,075 472,711 426,860
21 VILLAGE OF INDIAN CREEK 30 21,198,143 12,765,813 12,735,234 20,981,781 11,570,722 11,570,722
22 TOWN OF MEDLEY 85 83,729 67,026 37,331 68,891 60,148 25,000
23 NORTH BAY VILLAGE 3,814 244,627 186,380 172,788 190,700 141,872 134,780
24 VILLAGE OF KEY BISCAYNE 6,825 1,348,908 1,057,098 1,035,739 860,900 647,229 632,418
25 CITY OF SWEETWATER 2,800 131,690 101,377 66,663 125,236 85,747 61,378
26 VILLAGE OF VIRGINIA GARDENS 566 172,852 136,716 96,999 172,900 133,096 82,340
27 CITY OF HIALEAH GARDENS 5,642 144,015 109,381 75,160 145,810 99,883 59,991
28 CITY OF AVENTURA 23,904 366,322 309,335 291,585 257,110 220,348 205,731
30 MUNICIPAL SERVICE AREA 313,143 188,593 147,264 127,477 155,100 119,591 99,748
31 CITY OF SUNNY ISLES BEACH 15,826 600,110 487,419 475,149 284,640 240,502 234,909
32 TOWN OF MIAMI LAKES 8,924 267,937 210,266 175,277 246,221 192,013 152,743
33 VILLAGE OF PALMETTO BAY 7,984 371,228 296,505 259,647 372,807 281,079 239,410
34 CITY OF MIAMI GARDENS 28,436 112,020 86,308 57,319 111,095 83,537 45,265
35 CITY OF DORAL 17,751 276,276 242,817 226,274 243,520 211,050 198,891
36 TOWN OF CUTLER BAY 14,299 179,150 142,598 112,642 164,320 128,608 97,695
MIAMI-DADE COUNTYWIDE 730,711 281,422 216,726 188,002 170,537 130,926 98,680
Other Taxing Authorities
BOARD OF PUBLIC INSTRUCTION 730,711 281,422 232,256 217,756 170,537 137,291 100,347
SO FLORIDA WATER MANAGEMENT DIST 730,711 281,422 216,726 190,488 170,537 130,926 91,439
FLORIDA INLAND NAVIGATION DISTRICT 730,711 281,422 216,726 190,488 170,537 130,926 91,439
THE CHILDRENS' TRUST 730,711 281,422 216,726 190,488 170,537 130,926 91,439
MIAMI-DADE COUNTY
PROPERTY APPRAISER • ..
2015 PRELIMINARY AVERAGE AND MEDIAN RESIDENTIAL VALUES '~
JULY 1,2015
Average Values Median Values
Municipality Count Just Assessed Taxable Just Assessed IlIl1abie
01 CITY OF MIAMI 90,986 305,193 238,921 217,624 207,870 154,860 134,167
02 CITY OF MIAMI BEACH 46,864 628,041 439,272 423,191 275,965 211,290 198,770
03 CITY OF CORAL GABLES 16,450 817,352 603,248 568,772 511,596 361,947 329,238
04 CITY OF HIALEAH 49,238 131,775 102,424 67,329 126,471 96,258 59,308
05 CITY OF MIAMI SPRINGS 3,786 248,631 193,013 151,012 238,112 182,664 136,162
06 CITY OF NORTH MIAMI 14,328 158,501 115,743 91,023 95,663 76,590 48,049
07 CITY OF NORTH MIAMI BEACH 11,981 138,158 110,508 84,924 102,790 81,616 50,536
08 CITY OF OPA-LOCKA 2,622 66,546 56,359 36,702 63,363 53,300 25,000
09 CITY OF SOUTH MIAMI 3,638 348,088 247,647 213,461 299,745 202,754 174,878
10 CITY OF HOMESTEAD 17,068 108,476 89,248 71,266 96,384 79,711 63,950
11 MIAMI SHORES VILLAGE 3,680 377,055 251,810 212,750 321,491 216,163 173,000
12 BAL HARBOUR VILLAGE 3,289 1,342,530 1,052,194 1,041,419 617,120 534,420 533,148
13 TOWN OF BAY HARBOR ISLANDS 2,360 371,223 256,869 233,265 194,600 137,651 123,980
14 TOWN OF SURFSIDE 3,244 501,201 375,451 353,071 410,877 292,997 265,Q88
15 CITY OF WEST MIAMI 1,509 218,995 159,831 113,826 212,628 147,765 103,114
16 CITY OF FLORIDA CITY 1,826 65,870 52,403 39,591 65,111 49,869 37,212
17 VILLAGE OF BISCAYNE PARK 854 277,197 189,345 146,288 256,656 168,399 126,706
18 VILLAGE OF EL PORTAL 695 251,593 163,175 122,734 228,811 145,405 98,469
19 TOWN OF GOLDEN BEACH 342 3,155,648 2,203,199 2,168,302 2,092,605 1,437,253 1,404,283
20 VILLAGE OF PINECREST 5,922 796,869 616,020 574,890 647,075 472,711 426,860
21 VILLAGE OF INDIAN CREEK 30 21,198,143 12,765,813 12,735,234 20,981,781 11,570,722 11,570,722
22 TOWN OF MEDLEY 85 83,729 67,026 37,331 68,891 60,148 25,000
23 NORTH BAY VILLAGE 3,814 244,627 186,380 172,788 190,700 141,872 134,780
24 VILLAGE OF KEY BISCAYNE 6,825 1,348,908 1,057,098 1,035,739 860,900 647,229 632,418
25 CITY OF SWEETWATER 2,800 131,690 101,377 66,663 125,236 85,747 61,378
26 VILLAGE OF VIRGINIA GARDENS 566 172,852 136,716 96,999 172,900 133,096 82,340
27 CITY OF HIALEAH GARDENS 5,642 144,015 109,381 75,160 145,810 99,883 59,991
28 CITY OF AVENTURA 23,904 366,322 309,335 291,585 257,110 220,348 205,731
30 MUNICIPAL SERVICE AREA 313,143 188,593 147,264 127,477 155,100 119,591 99,748
31 CITY OF SUNNY ISLES BEACH 15,826 600,110 487,419 475,149 284,640 240,502 234,909
32 TOWN OF MIAMI LAKES 8,924 267,937 210,266 175,277 246,221 192,013 152,743
33 VILLAGE OF PALMETTO BAY 7,984 371,228 296,505 259,647 372,807 281,079 239,410
34 CITY OF MIAMI GARDENS 28,436 112,020 86,308 57,319 111,095 83,537 45,265
35 CITY OF DORAL 17,751 276,276 242,817 226,274 243,520 211,050 198,891
36 TOWN OF CUTLER BAY 14,299 179,150 142,598 112,642 164,320 128,608 97,695
MIAMI-DADE COUNTYWIDE 730,711 281,422 216,726 188,002 170,537 130,926 98,680
Other Taxing Authorities
BOARD OF PUBLIC INSTRUCTION 730,711 281,422 232,256 217,756 170,537 137,291 100,347
SO FLORIDA WATER MANAGEMENT DIST 730,711 281,422 216,726 190,488 170,537 130,926 91,439
FLORIDA INLAND NAVIGATION DISTRICT 730,711 281,422 216,726 190,488 170,537 130,926 91,439
THE CHILDRENS' TRUST 730,711 281,422 216,726 190,488 170,537 130,926 91,439