Res No 152-17-14953RESOLUTION NUMBER: 152-17-14953
A Resolution of the City of South Miami, Florida, relating to the City's
2017/2018 fiscal year budget; advising the Miami-Dade County Property
Appraiser of its proposed millage rate of 4.3000 mills; its rolled-back rate of
4.0271 mills, and announcing the dates of public hearing to consider the
proposed millage rate and tentative budget.
WHEREAS, Florida Statute 200.065 requires that within 35 days of receiving
the Certificate of Value, each taxing authority shall advise the property appraiser of its
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; and
WHEREAS, the Certification of Value was made on June 30, 2017; and
WHEREAS, the City's Administration computed the proposed millage rate
and the rolled-back rate; and
WHEREAS, the Mayor and City Commission wish to comply with the
aforesaid Statute.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND
CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT:
Section I. The City Administration shall advise the property appraiser that
the proposed millage rate of the City of South Miami, Florida for the 2017/2018 fiscal
year budget is 4.3000 mills which is a 6.78% increase over the rolled back rate and that
the rolled-back rate computed pursuant to sub-section (I) of Florida Statute 200.065 is
4.0271 mills.
Section 2. The date, time, and place of the first and second public budget
hearings shall be held to consider the proposed millage rate and budget are as follows:
First Budget Hearing, September 13, 2017 at 7:00 p.m., in the City Commission
Chambers, 6130 Sunset Drive, South Miami, Florida.
Second Budget Hearing, September 20, 2017 at 7:00 p.m., in the City
Commission Chambers, 6130 Sunset Drive, South Miami, Florida.
Section 3. Severability. If any section clause, sentence, or phrase of this
resolution is for any reason held invalid or unconstitutional by a court of competent
jurisdiction, the holding shall not affect the validity of the remaining portions of this
resolution.
Section 4. Effective Date. This resolution shall become effective
immediately upon adoption by vote of the City Commission.
Page I of 2
Res. No. 152-17-14953
PASSED AND ADOPTED this18th day of-'J::....:u=l::....ly~ ___ , 2017.
ATTEST:
Page 2 of 2
APPROVED: a U $
COMMISSION VOTE: 4-1
Mayor Stoddard: Yea
Vice Mayor Welsh: Yea
Commissioner Edmond: Nay
Commissioner Harris: Yea
Commissioner Liebman: Yea
THE CiTY OF PI.EASANT 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, CRFAC, CGFM, CGMA, Chief Financial Officer
July 18, 2017 Agenda Item: a
Tentative Millage Rate for FY 2017-2018
A Resolution of the City of South Miami, Florida,
relating to the City's 2017/2018 fiscal year budget;
advising the Miami-Dade County Property Appraiser of
its proposed millage rate of 4.3000 mills; its rolled-back
rate of 4.0271 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 $1,793,210,812. This valuation represents a 6.0% increase from the
FY 2016-17 level of $1 ,692,410,228.
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
the assessable taxable property valuation, based on many factors including 'State Law
such as Homestead exemptions not the City of South Miami, and is based on the
property valuation calculated and transmitted by the Property Appraiser. The 'rate at
which property is taxed is referred to as the millage rate. The tax rate, or millage rate,
is ~et 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
taxable value.
Page 10f7
Local jurisdictions, including municipalities, are required, to establish and publish 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 June 30, 2017) each taxing authority shall advise the property
appraiser of its 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 City 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.
At this point in the budget process 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
$308,337, above the existing 4.3000 millage rate.
For every change of one-tenth of the millage rate, the ad valorem revenue generated is
increased or decreased by an estimated $154,168. As per Miami-Dade County's 2017
preliminary average taxable homestead residential value report, the average taxable
homestead residential value for South Miami is $226,443
Under the hypothetical millage rate example of 4.5000, using the Miami-Dade County's
average taxable value, the average homesteaded residential taxpayer would incur an
additional $1 10.58 annually, which equals .30 cents a day, on their 2017 annual tax bill
when compared to their 2016 annual tax bill. Therefore, at the hypothetical millage rate
example of 4.5000, each increase of $154,168 to City revenues only costs the average
homeowner .30 cents a day. .
TAXING AGENCY
City of South Miami
FY 2017
MILLAGE
4.3000
FY 2018
MILLAGE
4.5000
As per the Miami-Dade County Preliminary Average ResidentialValues
FY 2017 FY 2018
Average Homestead Residential Taxable Amount $211,259 $226,443
Average Homestead Residential Tax Due
FY 2017
$908
FY 2018 Oiff
$1,019 $110.58
Page 20f7
Adopting the current FY 2017 millage rate of 4.3000 as the FY 2018 millage rate would
provide the City an estimated Ad Valorem revenue increase of $359,978, based on the
increase in taxable value of property in the City.
During the FY 2018 budget process, newly recommended budget items such as much
needed parks improvements will require additional funds over last year's 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 the
additional estimated revenue will assist in funding. As mentioned above, the initial
maximum millage rate being set by the attached Resolution can be decreased by the
Commission later during the budget process.
Rolled-back Millage Rate
Cities are also required by State Law to calculate what is known as the "Rolled-pack
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 4.0271. The City's current millage rate of 4.3000 represents a 6.78% increase
over the rolled-back rate. If the City were to adopt the rolled-back rate of 4.0271, the
City's estimated Ad Valorem revenue would decrease by an estimated
$420,726 when compared to the City's proposed FY 2018 Ad Valorem
revenue estimate. For the current year, the average Consumer Price Index (CPI)
was 1.8%, hence when taken into account with the CPI from last year of 1.8% the
effective decrease in revenues is approximately $1 19,555 ($6,641,944 x 1.8%) which
jumps the City to a total decrease of $540,281 ($420,726+$119,555).
Page 3 of 7
Please find the Millage Calculation table below.
MILLAGE .CALCULATION COMPARISON (PROPOSED)
1,624,995,959
67,414,269 65,832,273
TOTAL TAXABLE VALUE (REAL AND 1,692,410,228 1,793,210,812 5.96% PERSONAL PROPERTy)
AD REVENUE 7,277,364 7.710,806 433,443
95% OF TAXABLE VALUE (TO ALLOW 6,913,496 7,325,266 $411,770 FOR DELETIONS & DELINQUENCIES)
MILLAGE CALCULATION (ROLLED-BACK)
1,624,995,959 6.30%
67,414,269 65,832,273 -2.35%
TOTAL TAXABLE VALUE (REAL AND 1,692,410,228 1,793,210,812 5.96% PERSONAL PROPERTy)
AD VALOREM REVENUE 7,277,364 7,221,439
95% OF TAXABLE VALUE (TO ALLOW 6,913,496 6,860,367 FOR DELETIONS & DELINQUENCIES)
DIFFERENCE -420,726
Page 4 of 7
Below please find a detail breakdown of the City's 2017 taxable values and 2016 taxable
values by property type.
SINGLE FAMILY 2,849 795.402,785 2,848 733,610,489
CONDOMINIUM 781 109,974,035 788 105,746,617
MULTI FAMILY 91 147,833,436 91 132,775,31 I
COMMERCIAL 638 596,737,867 619 579,307,260
INDUSTRIAL 27 10,866,991 27 10,692,098
AGRICULTURE 614,356 I 600,025
VACANT LAND 233 55,076,842 225 49,558,443
INSTITUTIONAL 36 10,074,759 36 9,995,242
GOVERNMENTAL 51 0 53 921,756
OTHER PROPERTIES II 797,468 13 1,788,718
REAL EST ATE PARCELS 4,718 1,727,378,539 4,701 1,624,995,959
PERS PROP & CENT ASSD 65,832,273 67,414,269
ALL ASSESSED PROPERTY 1,793,210,812 1,692,410,228
This increase is attributable to continued signs of the economy) stabilizing. The City
experienced an overall assessed real property value increase of $102,382,580 or 6.30%.
This total is the actual assessed taxable value for 2017.
Tangible Personal Property (TPP) consists of all property 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 in this category. Tangible Personal
Property assessed values decreased by $1,581,996 or 2.35% when comparing the
assessed value of FY 2017-18 and FY 2016-17.
The increase in property valuations specifically from construction within the current
2017 year is $9,172,225, which represents a decrease from the previous year of
$10,048,225 or 52.28%.
RECOMMENDATION
The Administration is proposing a millage rate of 4.3000 mills for FY 2017-
18, which is equivalent to the City's FY 2016-17 existing millage rate.
When the increase in ad valorem revenues is considered in conjunction with the loss in
revenues from the Tangible Personal Property proceeds and the increase in inflation or
CPI, the net increase in revenues to the City as projected at the current and
proposed millage rate is $240,423 ($359,978-$119,555). Additionally, the possible
Page Sof7
continuation of revenue slippage from the Communications tax (land telephone lines)
will add to the reduction in revenues projected for this year. Therefore, we believe
maintaining the current millage rate is very conservative.
This millage rate continuation will allow the City to proceed 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 ~)'Ossible rate for this coming
fiscal year. The Commission will be able to re-consider the rate during the FY 18
budget hearings in September of 2017 only for rates' lower than what is set tonight by
the attached Resolution.
Page 6of7
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.
It is recommended that the Budget Workshop be scheduled as follows:
Budget Workshop Monday, August 14, 2017
9:00 AM
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 Wednesday September 13,2017
7:00 PM
Second Budget Hearing Wednesday, September 20, 2017
7:00 PM
NOTE:
Pertinent meetings scheduled as of this date include:
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 Budget Hearings: 9-05-17 -5:01 pm & 9-19-17 -5:01 pm
and
Miami-Dade County School Board Budget Hearings: 7-26-17 -6 pm & 9-06-17 -6 pm
Attachments
-Proposed Resolution
-DR-420, 420TIF, & 420MM-P (DRAFTS)
-20 17 Tax Roll by Property Type
-2017 Year-to-Year-Comparison
-2017 Preliminary Tax Roll by Taxing Authority
-2017 Preliminary Senior Exemption
-Miami-Dade County Preliminary Average Taxable Homestead Residential Value
Page 70f7
MIAMI~DADE COUNTY
PROPERTY APPRAISER
2017 ASSESSMENT ROLL CHANGE BY PROPERTY TYPE
JULY 1, 2017
2017 City of South Miami Preliminary Assessment Roll Values and 2016 Comparison
2011 2016~RY_VAlU£S 2Q11.JmEllMlNARY...\lALlJ£S TAXABlE
PROPERTY TYPE COUNT . JUST VALUE. TAXABLE VALUE JUST VALUE TAXABLE VALUE VALU'E DIFF PCT NEW CONS
SINGLE FAMILY 2,849 1,288,819,139 733,6io,489 1,403,098;332 795,402,785 61,792,296 8,4% 10,045,942
CONDOMINIUM 781 135,702,301 105,746,617 137,777,753 , 109,974,035 4,227,418 4.0% 0
MULTI FAMILY 91 154,206,934 132,775,311 156,363,306 147,833,436 15,058,125 11.3% 2,933
COMMERCIAL 638 626,570,175 579,307,260 646,427,327 596,737,867 17,430,607 3.0% 11,359
INDUSTRIAL 27 12,687,768 10,692,098 12,984,080 10,866,991 174,893 1.6% 0
AGRICULTURE 1 1,214,271 600,025 1,433,374 614,356 14,331 2.4% 0
VACANT LAND 233 60,451,208 49,558,443 69,608,990 55,076,842 5,518,399 11.1% -888,009
INSTITUTIONAL 36 100,659,717 . 9,995,242 101,642,651 10,074,759 79,517 0.8% 0
GOVERNMENTAL 51 110,169,204 921,756 111,061,424 0 -921,756 -100.0% . 0
OTHER PROPERTIES 11 3,182,914 1,788,718 1,990,564 797,468 -991,250 -55.4% 0
0
REAL ESTATE PARCELS 4,718 2,493,663,631 1,624,995,959 2,642,387,801 1, 727~378,539 102,382,580 6.3% 9,172,225
PERS PROP & CENT ASSD 117,581,245 67,414,269 117,788,173 65,832,273 -1,581,996 -2.3% 0
ALL ASSESSED PROPERTY 2,611,244,876 1,692,410,228 2,760,175,974 1,793,210,812 100,800,584 6.0% 9,172,225
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2017 AND 2016 PRELIMINARY ROLL COMPARISION .. -
JULY 1, 2017
2017 PRELIMINARY ASSESSMENT ROLL VALUES 2016 PRELIMINARY ASSESSMENT ROLL VALUES
PERSPROP GROSS PERSPROP GROSS CHANGE IN
TAXING AUTHORITY REAL PROPERTY & CENT ASSD TAXABLE REAL PROPERTY & CENT ASSD TAXABLE GROSS TAXABLE PCT
CITY OF MIAMI 47,453,223,089 2,168,086,910 49,621,309,999 42,460,638,698 2,141,666,844 44,602,305,542 5;019,004,457 11.3%
DOWNTOWN DEV AUTHORITY 17,794,480,077 986,195,429 18,781,633,588 15,674,018,974 1,007,727,770 16,681,746,744 2,099,886,844 12.6%
CIlY OF MIAMI BEACH 36,738,493,881 658,568,609 37,397,062;490 34,023,340,556 674,416,552 34,697,757,108 2,699,305,382 7.8%
NORMANDY SHORES 198,157,631 4,127 198,161,758 176,036,741 23,070 176,059,811 22,101,947 12.6%
_. CITY OF CORAL GABLES ----.11.843,019,453 328,994,637. __ ... J§., 172,~090 _ .. ..H.,091,Z.91&t9. __ .£97,MQ, 793 ~~1E,612 782,881,478 5.4%.
CITY OF HIALEAH 8,928,454,641 564,251,782 9,500,349,638 7,973,545,871 560,103,825 8,533,649,696· 966;699,942 11.3%
CITY OF MIAMI SPRINGS 1 ,036,258,340 85,375,813 '1,121,725,782 983,845,220 66,910,916 1,050,756,136 70,969,646 6.8%
CITY OF NORTH MIAMI 2,731,911,700 105,905,491 2,839,843,057 2,499,306,636 104,128,498 2,603,435,134 236,407,923 9.1%
CITY OF NORTH MIAMI BEACH 2,413,846,621 120,212,572 2,535,675,965 2,216,751,512 114,168,222 2,330,919,734 204,756,231 8.8%
CITY OF OPA-LOCKA 696,558,420 105,338,321 803,622,462 644,599,628 106,930,979 751,530,607 52,091,855 6.9%
CITY OF SOUTH MIAMI 1,727,378,539 65,832,273 1,793,210,812 1,624,995,959 67,414,269 1,692,410,228 . 100,800,584 6.0%
CITY OF HOMESTEAD 2,499,843,223 108,153,454 2,608,632,678 2,214,266,724 102,246,733 2,316,513,457 292,119,221 12.6%
MIAMI SHORES VILLAGE 1,030;605,970 19,731,712 1,052,123,341 953,506,766 21,289,280 974,796,046 77,327,295 7.9%
BAL HARBOUR VILLAGE 5,242,702,989 71,503,521 5,314,206,510 4,359,102,006 74,629,553 4,433,731,559 880,474,951 19.9%
TOWN OF BAY HARBOR ISLANDS 1,018,874,072 12,713,670 1,031,587,742 868,025,758 12,085,564 880,111,322 151,476,420 17.2% .
TOWN OF SURFSIDE 2,124,593,954 25,864,538 2,150,458,492 1,667,936,911 21,502,427 1,689,439,338 461,019,154 27.3%
CITY OF WEST MIAMI 456,785,383 18,523,333 475,308,716 354,760,924 13,388,239 368,149,163 107,159,553 29.1%
CITY OF FLORIDA CITY 427,748,316 38,991,071 466,739,387 418,452,818 42,036,649 460,489,467 6,249,920 1.4%
VILLAGE OF BISCAYNE PARK 192,117,606 3,072,418 195,190,024 173,959,686 2,934,733 176,894,419 18,295,605 10.3%
VILLAGE OF EL PORTAL 144,646,207 2,334,944 147,250,932 127,275,137 2,555,735 129,830,872 17,420,060 13.4%
TOWN OF GOLDEN BEACH 1,033,758,863 1,504,558 1 ,035,263,421 951,123,889 1,440,676 952,564,565 82,698,856 8.7%
VILLAGE OF PINECREST 4,550,031,863 45,295,995 4,595,327,858 4,336,413,371 44,457,478 4,380,870,849 214,457,009 4.9%
VILLAGE OF INDIAN CREEK 567,609,072. 2;772,345 570,381,417 ·545,631,449 2,355,628 547,987,077 22,394,340 4.1%
TOWN OF MEDLEY 1,817,750,233 271,602,520 2,093,417,657 1,722,353,709 263,753,035 1,986,106,744 107,310,913 5.4%
NORTH BAY VILLAGE 1,014,979,408 22,260,645 1,037,240,053 940,606,975 19,100,533 959,707,508 77,532,545 8.1%
VILLAGE OF KEY BISCAYNE 8,607,702,771 39,067,113 8,646,769,884 8,301,046,460 38,238,417 8,339,284,877 307,485,007 3.7%
CITY OF SWEETWATER 1,531,852,380 132,525,075 1,664,458,925 1,426,972,331 130,701,569 1,557,673,900 106,785,025 6_9%
VILLAGE OF VIRGINIA GARDENS 167,255,640 94,656,400 261,912,040 157,643,620 85,421,863 . 243,065,483 18,846,557 7.8%
CITY OF HIALEAH GARDENS 1,091,477,018 73,890,324 1,165,367,342 1,016,202,244 75,220,837 1,091,423,081 73,944,261 6.8%
CITY OF AVENTURA 9,875,262,061 222,258,472 10,098,997,863 9,684,956,063 216,738,181 9,901,694,244 197,303,619 2.0%
CITY OF SUNNY ISLES BEACH 11,031,585,535 66,307,764 11,097,893,299 10,052,213,804 59,215,091 10,111,428,895 986,464,404 9.8%
TOWN OF MIAMI LAKES 2,856,633,089 160,699,265 3,017,332,354 2,641,474,259 168,127,973 2,809,602,232 207,730,122 7.4%
VILLAGE OF PALMETTO BAY 2,747,315,915 61,682,645 2,808,998,560 2,595,484,645 64,232,714 2,659,717,359 149,281,201 5.6%
CITY OF MIAMI GARDENS 3,838,375,248 368,35.1,942 4,206,824,771 3,473,585,737 366,917,093 3,840,502,830 366,321,941 9.5%
CITY OF DORAL 11,367,985,390 712,319,409 12,080,554,247 10,435,319,648 699,633,040 11,134,952,688 945,601,559 8.5°A,
TOWN OF CUTLER BAY 2,302,905,010 68,285,604 2,371,190,614 2,168,759,157 66,079,129 2,234,838,286 136,352,328 6.1%
COUNTY OPERATING 258,925,831,149 13,404,316,649 272,431,699,283 238,094,420,032 13,242,591,443 251,337,011,475 21,094,687,808 8.4%
MUNICIPAL SERVICE AREA 65,049,636,349 6,557,833,803 71,679,964,217 60,102,565,525 6,510,904,229 66,613,469,754 5,066,494,463 7.6%
FIRE & RESCUE 142,562,605,774-9,652,639,641 152,301,861,642 131,340,968,487 9,530,825,012 140,871,793,499 11,430,068,143 8.1%
LIBRARY 236,672,095,236 12,496,847,033 249,257,422,242 218,530,407,766 12,346,769,638 230,877,177 ,404 18,380,244,838 8.0%
SO FL WATER MGMT DIST 261,169,690,689 13,404,316,649 274,675,558,823 240,094,561,275 13,242,591,443 253,337,152,718 21,338,406,105 8.4%
EVERGLADES CONSTR PROJECT 261,169,690,689 13,404,316,649 274,675,558,823 240,094,561,275 13,242,591,443 253,337,152,718 21,338,406,105 8.4%
OKEECHOBEE BASIN 261,169,690,689 13,404,316,649 274,675,558,823 240,094,561,275 13,242,591,443 253,337,152,718 21,338;406,105 8.4%
FL INLAND NAVIGATION DIST 261,169,690,689 13,404,316,649 274,675,558,823 240,094,561,275 13,242,591,443 253,337,152,718 21,338,406,105 8.4%
CHILDREN'S TRUST 261,169,690,689 13,404,316,649 274,675,558,823 240,094,561,275 13,242,591,443 253,337,152,718 21,338,406,105 8.4%
BOARD OF PUBLIC INSTRUCTION 291,619,889,665 13,404,316,649 305,125,757,799 271,603,333,483 13,242,591,443 284,845,924,926 20,279,832,873 7.1%
--------,------.---~.--.--~
by Taxing Authority
2016
36,538,197,107
0201 MB NORMANDY SHORES 196,441,992
03 CORAL GABLES 15,045,320,239
04 HIALEAH 9,277,922,626
05 MIAMI SPRINGS 1,114,483,181
06 NORTH MIAMI 2,831,741,678
07 NORTH MIAMI BEACH 2,524,630,301
804,043,187
MIAMI 1,784,038,587
10 HOMESTEAD 2,492,204,263
11 MIAMI SHORES 1 ;049,426,636
12 BAL HARBOUR 4,503,997,703
13 BAY HARBOR ISLANDS 1,017,289,365
14 SURFSIDE 1,785,136,738
15 WEST MIAMI 419,267,697
16 FLORIDA CITY 464,128,422 1.4%
17 BISCAYNE PARK 193,858,549 10.3%
18 EL PORTAL 146,924,439 13.4%
19 GOLDEN BEACH 1,029,801,530 8.7%
PINECREST 4,550,771,860 4.9%
INDIAN CREEK 570,290,926 4.1%
MEDLEY 2,077,732,381 5.4%
8.1%
3.7%
6.9%
26 VIRGINIA GARDENS 7.8%
HIALEAH GARDENS
AVENTURA 10,091,623,636
UNINCORPORATED 70,622,874,508
1 SUNNY ISLES BEACH 10,299,485,811
MIAMI LAKES 3;003,461,434
PALMETTO BAY 2,802,817,500
34 MIAMI GARDENS
35 DORAL
36 CUTLER BAY
,,,,,,m.'vL. BOARD 7.1%
8.4%
CHILDREN'S TRUST
MIAMI·DADE COUNTYj· .
. PROPERTY APPRAIS;R
2017 Senior and Long-Term Resident Senior Exemptions
JULY 1, 2017
LONG-TERM RESIDENT
SENIOR EXEMPTIONS SENIOR EXEMPTIONS
Municipality Count Exemption Value Count Exemption Value
01 Miami 6,583 259,850,612 3,143 72,081,872
02 Miami Beach 1,227 49,125,885 189 1,445,392
03 Coral Gables 350 16,829,427 36 1,039,888
04 Hialeah 6,726 274,828,486 3,216 69,039,803
05 Miami Springs 227 10,697,213 0 0
06 North Miami ·589 18,802,972 163 971,508
07 North Miami Beach 597 19,029,615 0 0
08 Opa-Iocka 160 3,580,628 68 11,624
09 South Miami 127 5,847,098 0 0
10 Homestead 351 10,651,510 39 254,470
-11 Miami Shores 0 0 0 0
12 Bal Harbour 22 998,582 0 0
13 Bay Harbor Islands 66 2,406,085 6 198,670
+4 Surfside 106 5,214;550 0 0
15 West Miami 244 11,987,549 0 0
16 Florida City 0 0 0 0
17 Biscayne Park 33 1,636,224 0 0
.18 EI Portal 35 1,527,589 0 0
19 Golden Beach 1 25,000 0 0
20 Pinecrest 71 3,287,104 2 0
21 Indian Creek 0 0 0 0
22 Medley 11 300,382 6 3,775
23 North Bay Village 66 2,338,937 16 184,445
24 Key Biscayne 66 3,200,000 0 0
25 Sweetwater 335 13,758,517 0 0
26 Virginia Gardens 47 2,17.5,835 29 712,284
27 Hialeah Gardens 470 18,047,773 53 281,758
28 Aventura 775 18,384,672 0 0
30 Unincorporated 19,992 801,493,834 6,641 147,631,240
31 Sunny Isles Beach 513 22,509,333 0 0
32 Miami Lakes 413 18,934,998 40 1,794,490
33 Palmetto Bay 159 7,564,071 27 701,346
34 Miami Gardens 1,847 58,811,586 947 4,310,996
35 Doral 226 10,653,204 11 433,515
36 Cutler Bay I 429 18,837,779 136 1,915,744
County 1,708,238,192 15,496 ' 43,007 318,734,217
MIAMI-DADE COUNTY I'
PROPERTY APPRAISER
2017 PRELIMINARY AVERAGE AND MEDIAN HOMESTEAD RESIDENTIAL VALUES , , I ' ,
JULY 1,2017 :.
I Average· Values Median Values
Municipality Count Just Assessed Taxable Just Assessed ~
01 CITY OF MIAMI I 37,012 366,383 223,207 170,718 243,830 136,915 80,557
02 CITY OF MIAMI BEACH I 13,213 979,385 517,437 463,617 417,573 236,103 182,343
03 CITY OF CORAL GABLES
I
10,305 1,036,722 674)~41 621,277 694,505 429,395 377,738
04 CITY OF HIALEAH 31,543 .184,028 114,144 58,830 185,343 112,528 45,957
05 CITY OF MIAMI SPRINGS 2,951, ' 328,769 208,513 154,708 310,335 190,754 138,684
06 CITY OF NORTH MIAMI ! 7,680 231,128 132,558 85,574 140,215 85,741 32,937
07 CITY OF NORTH MIAMI BEACH I 6,336 204,198 125,471 76,868 148,810 87,077 34,882
08 CITY OF OPA-LOCKA , 1,411 114,805 61;313 23,783 111,787 56,293 25,000
09 CITY OF SOUTH MIAMI , 2,373 480,493 279,173 226,443 412,430 229,636 175,908
i
10 CITY OF HOMESTEAD ~ 7,572 158,802 113,123 66,395 154,301 109,342 57,203
11 MIAMI SHORES VILLAGE 2,846 465,472 266,978 217,085 408,147 227,911 177,372
12 BAL HARBOUR VILLAGE 680 1,714,505 1,011,705 960,195 1,369,209 621,613 571,613
13 TOWN OF BAY HARBOR ISLAN S 1,022 616,748 326,680 274,687 278,113 158,564 107,445
14 TOWN OF SURFSIDE , 1,269 654,161 357,607 303,077 543,828 292,943 238,796
15 CITY OF WEST MIAMI 1,127 289,091 164,965 103,995 281,541 145,730 90,589
16 CITY OF FLORIDA CITY 758 107,484 52,525 21,419 100,509 45,862 20,695
17 VILLAGE OF BISCAYNE PARK 708 346,036 203;378 150,627 315,416 174,194 123,138
18 VILLAGE OF EL PORTAL 543 324,086 166,186 113,091 301,673 140,350 89,616
19 TOWN OF GOLDEN BEACH 239 3,684,483 1,941,399 1,890,172 2,875,331 1,265,739 1,215,739
20 VILLAGE OF PINECREST 4,427 964,204 675,634 622,946 786,726 501,802 450,133
21 VILLAGE OF INDIAN CREEK 15 21,907,530 10,581,399 10,516,104 22,685,574 8,637,869 8,587,869
22 TOWN OF MEDLEY 52 116,996 75,352 32,208 107,097 64,799 24,750
23 CITY OF NORTH BAY VILLAGE 1,034 344;708 210,779 160,408 244,727 154,683 102,224
24 VILLAGE OF KEY BISCAYNE , 2,586 1,575,860 981,858 928,364 1,122,424 591,413 537,581
25 CllY OF SWEETWATER r 1,755 177,561 107,636 53,906 155,000 90,673 36,887
26 VILLAGE OF VIRGINIA GARDEN 410 239,151 149,707 93,476 228,770 135,763 84,631
27 CITY OF HIALEAH GARDENS 3,890 189,212 119,217 68,514 188,077 106,869 52,694
28 CITY OF AVENTURA ' 8,353 399,037 298,584 247,523 276,720 202,975 151,348
30 MUNICIPAL SERVICE AREA , 203,880 249,790 164,471 112,143 220,871 140,133 85,118 ;
31 CITY OF SUNNY ISLES BEACH 3,744 573,470 386,044 329,840 301,171 190,757 133,125
32 TOWN OF MIAMI LAKES 6,478 330,079 232,453 178,893 305,025 210,742 159,237
33 VILLAGE OF PALMETTO BAY 6,270 454,456 323,612 271,419 440,793 301,632 250,974
34 CITY OF MIAMI GARDENS 18,956 158,717 96,046 46,751 155,983 90,325 37,569
35 CITY OF DORAL 6,722 327,582 260,055 208,290 293,900 232,607 181;567
36 TOWN OF CUTLER BAY 9,476 224,660 154,844 102,625 210,724 138,837 87,261
MIAMI-DADE COUNTYWIDE 407,636 328,990 209,777 157,509 223,240 140,160 85,341
Other Taxing Authorities
BOARD OF PUBLIC INSTRUCTI 'N 407,636 328,990 209,792 184,061 223,240 140,169 114,596
SO FLORIDA WATER MANAGEIvJENT DIST 407,636 328,990 209,777 162,141 223,240 140,160 89,591
FLORIDA INLAND NAVIGATION DISTRICT 407,636 328,990 209,777 162,141 223,240 140,160 89,591
THE CH1LDRENS' TRUST 407,636 328,990 209,777 162,141 223,240 140,160 89,591
• K: ~.:: .:~~set ~F.d."rtrf·::;.:;.1 If: :·/p,r!b(Foi~ . : . j
DR-4io . J eEl ~TIFICATION OF TAXABLE VALUE R.S/12
Rule 12D-16.002
FLORIDA Florida Administrative Code
Effective 11/12
Year: 2017 I County: MIAMI-DADE
Principal Authority: Taxing Authority :
CITY OF SOUTH MIAMI CITY OF SOUTH MIAMI
SECTION I: COMPLET~D BY PROPERTY APPRAISER
I
1. Current year taxable va1lue of real property for operating purposes $ 1,727,378,539 (1)
2. Current year taxable value of personal property for operating purposes. $ 65,832,273 (2)
3. Current year taxable va~ue of centrally assessed property for operating purposes $ 0 (3)
4. Current year gross taxa~le value for operating purposes (Line 1 plus Line 2 plus Line 3) $ 1,793,210,812 (4)
Current year net new t~xable value (Add new construction, additions, rehabilitative
5. improvements increasi g assessed value by at least 100%, annexations, and tangible $ 9,172,225 (5)
personal property value over 115% of the previous year's value. Subtract deletions.)
I
·6. Current year adjusted t xable value (Line 4 minus Line 5) $ 1,784,038,587 (6)
7. Prior year FINAL gross tpxable value from prior year applicable Form DR-403 series $ 1,666,093,662 (7)
8. Does the taxing authority include tax increment financing areas? If yes, enter number [(jYES 0 NO Number (8) of worksheets (DR-42~TIF) attached. If none, enter 0 1
Does the taxing authorr levy a voted debt service millage or a millage voted for 2 Number
9. years.or less under s. 9( ), Article VII, State Constitution? If yes, enter the number of DYES [£] NO (9)
DR-420DEBT, Certificatipn of Voted Debt Millage forms attached. If none, enter 0 0
Property Appraiser Certification II certify the taxable values above are correct to the best of my knowledge.
SIGN I Date:
HERE
Signature of Property iPpraiser:
.Electronically Certified, by Property Appraiser 6/30/20173:19 PM
SECTION II : COMPLEtED BY TAXING AUTHORITY
If this portion of th'e form is not completed in FULL your taxing authority will be denied TRIM certification and
possibly Ipse its millage levy privilege for the tax year. If any line is not applicable, enter -0-.
10. Prior year operating mi lage levy· (If prior-year millage was adjusted then use adjusted
4.3000 per $1,000 (10) millage from Form DR-4 ~2)
11. Prior year ad valorem proceeds (Line] multiplied by Line 10, divided by 1,000) $ 7,164,203 (11 )
12. Amount, if any, paid or aJplied in prior year as a consequence of an obligation measured by a
dedicated increment valUj (Sum of either Lines 6c or Line 70 for 01/ DR-420TlF forms) $ 631,530 (12)
13. Adjusted prior year ad yalorem proceeds (Line 11 minus Line 12) $ 6,532,673 (13)
14. Dedicated incrementval~ e, if any (Sum of either Line 6b or Line 7e for 01/ DR-420TIF forms) $ 161,866,322 (14)
15. Adjusted current yeart ~xable value (Line 6 minus Line 14) $ 1,622,172,265 05}
16. Current year rolled-bac~ rate (Line 13 divided by Line 15, multiplied by 1,000) 4.0271 per $1 000 (16)
17. Current year proposed :operating millage rate 4.3000 per $1000 (17)
18. Total taxes to be leviedlat proposed millage rate (Line 17 multiplied by Line 4, divided (18)
by 1,000) $ 7,710,806
I
. Continued on page 2
TYPE of principal a1thortty (check one) D county
19.
[{] Municipality
20.
Applicable taxing "Ithority (check one) o Principal Authority
D MSTU
21. Is millage levied in mrre than one county? (check one) DYes
D Independent Special District
D Water Management District
D Dependent Special District
D Water Management District Basin
0 No
DR-420
R. 5/12
Page 2
(19)
(20)
(21)
1~-~\i.i~~~Cf~(D~~~J~01M3~18~~,'~r~;:l':~~~l~~~:&~:~:r~:;<~~!i!~ni;. ~~
£i.,~ ::_s ~~~_~~·.,L_ ~: ,L_:~ <~_~ ~'.'~ _~. '\~.-:'" : . .-<1'~'.,. ~ !,,:~~ ":",~ ,:'., ~", .~ -:~ ~\ "~_'~' t~·,~ /.:; ,";.l~.i.:.::..<:.,_-..:.~i~~-, ~::'~~~~~':~~-~~"='l;~ '''_~~:;~: .: _'~l'Lr:l;
22. Enter,the total adjusted prio year ad valorem proceeds of the principal authority, all
dependent special districts, (d MSTUs levying a millage. (The sum of Line 73 from 01/ DR-420 $ 6,532,673 (22)
forms)
23. Current year aggregate r~lIed-back rate (Line 22 divided by Line 75, mUltiplied by 7,000) 4.0271 per $1,000 (23)
24. Current year aggregate rqlled-back taxes (Line 4 multiplied'by Line 23, divided by 7,000) $ 7,221,439 (24)
Enter total ~f all operatinb ad valorem taxes proposed tcibe levied by the principal
25. taxing authority, all deperdimt districts; and MSTUs, if any. (The sum of Line 18lrom all $ 7,710,806 (25)
DR-420 forms)
26. Current year proposed aggregate millage rate (Line 25 divided by Line 4, multiplied
by 7,000)1 4.3000 per $1,000 (26)
27. Current year proposed rate as a percent change of rolled-back rate (Line 26 divided by
Line 23, minus 1, multiPlied by 700) 6.78 0/0 (27)
First public l Time: Place:
budget hearing
Taxing AuthoriJ Certification
I certify the millages and rates are correct to the best of my knowledge.
The millages comply with the provisions of s. 200.065 and the provisions of
S I either s. 200.071 or s. 200.081, F.5.
I SignaMe of Chief At,n."atlve Offlw , Date:
G
N Title: I . Contact Name and Contact Title:
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
H STEVEN ALEXAN DE,' CITY MANAGER
E Mailing Address: Physical Address:
R 6130 SUNSET DR 6130 SUNSET ORIVE
E
City, State, Zip: I Phone Number: Fax Number:
SOUTH MIAMI, FL 3[ 143 305-663-6343 305-663-6346
I nstructions on page 3
CERTIFICATION OF TAXABLE VALUE
INSTRUCTIONS
"Principal Authority" is a county, 1uniCiP8lity, or independent special district (including water management districts) .
. "TaXing Authority" is the entity levying the millage. This includes the principal authority, any special district dependent to the
principal authority, any county mupiciPal service taxing unit (MSTU),' and water management district basins.
Each taxing authority must submitl to their property appraiser a DR-420 and the following forms, as applicable:
. DR-420TIF,ITax Increment Adjustment Worksheet
. . DR-420DEBT, Certification of Voted Debt Millage
. DR-420MMt, Maximum Millage Levy Calculation -Preliminary Disclosure
Section I: Property Appraiser i Section II: Taxing Authority
DR-420
R. 5/12
Page 3
Use this DR-420 form for all taxin~ authorities except school Complete Section II. Keep one copy, return the original and
districts. Complete Section I, Line$ 1 through 9, for each county, one copy to your propertY appraiser with the applicable
municipali~y, independent special ~istrict, dependent special DR-420TIF, DR-420DEBT, and DR-420MM-P within 35 days
district, MSTU, and multicounty taXing authority. Enter only of certification. Send one copy to the tax collector. "Dependent
taxable values that apply to the ta~ing authority indicated. Use a special district" (ss. 200.001 (8)(d) and 189.403(2), F .S.)
separate form for the principal autporityand each dependent means a special district that meets at least one of the
district, MSTU and water managerent district basin. following criteria:
Line 8 I • The membership of its governing body is identical to that of
Complete a DR-420TIF for each ~axing authority making the governing body of a single county or a single
payments to a redevelopment tru~t fund under Section 163.387 municipality.
(2)(a), Florida Statutes or by an orpinance, resolution or • All members of its governing body are appointed by the
agreell1ent to fund a projector to ~nance essential infrastructure. governing body ota single county or a Single
I municipality. Check "Yes" if the taxing authoritYj makes payments to a
redevelopment trust fund. Enter t~e number of DR-420TIF forms
attached for the taxing authority on Line 8. Enter 0 if none.
Li~9 I
I
. Complete a DR-420DEBT for each taxing authority levying either
a. voted debt service millage (s.121 Article VII, State Constitution)
or a levy voted for two years or less (s. 9(b), ArticleVII, State
Constitution). !
Check ·Yes" ifthe taxing authority! levies either a voted debt
service 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 ~ot required by the State
Constitution. Complete and attac~ DR-420DEBT. Do not
complete a separate DR-420 for t"" ese levies.
• 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 disti'ict as defined above. A district that indudes 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
Send a copy to each taxing autho~ity and keep a copy. When the millage" in s. 200.001 (8)(f), F.S.
taxing authority returns the DR-42*O and the accompanying forms,
immediately send the ori~inal to: Lines 12 and 14
Florida Department of Rev nue
Property Tax Oversight -T . 1M Section
P. O. Box 3000 I
Tallahassee, Florida 323113000
Adjust the 'calculation of the roUed-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
I t
. J
FLORIDA
Year:
Principal Authority :
2017
CITY OF SOUTH MIAMI
Community Redevelopment
SOUTH MIAMI CRA
It;i)::~~~i~'1f~Mu}F:'iI It;~T~jRti6!·~~Jin;\':;:1
AX INCREMENT ADJUSTMENT WORKSHEET
county: MIAMI-DADE
Taxing Authority :
CITY OF SOUTH MIAMI
Base Year:
1998
DR-420TIF
R.6/10
Rule 1 2D-16.002
Florida Administrative Code
Effective 11/12
SECTION I: COMPLETED BY PRC)PEIRTYAPPRAISER
1.
2.
3.
·4. Prior year Final taxable
5.
SIGN
HERE
$ 392,170,034 (1 )
tax increment area $ 68,437,390 (2)
lue(Line 1 minus Line 2) $ 323,732,644 (3)
in the tax increment area $ 365,384,471 (4)
$ 296,947,081 (5)
I certify the taxable values above correct to the best of my knowledge.
Date:
redevelopment trust fund IS BASED on a specific proportion of the tax increment value:
50.00 % (6a)
$ 161,866,322 (6b)
,:",,'lnr'm,:on1" trust fund in prior year $ 631,530 (6c)
redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value:
of payment to rea[eVI~IO[Dmem trust fund in prior year $ 0 (7a)
levy from Form DR-420, Line 10
taxes levied on increment value
mlJlflolleoby 100)
0.0000
$
per $1,000 (7 b)
0 (7c)
0.00 % (7d)
3 multiplied by the percentage on Line 7d) $
zero, then enter zero on Line 7e . 0 (7e)
S
I
G Title:
N STEVEN ALEXANDER,
H
E
R
E
Mailing Address:
6130 SUNSET DR
City, State, Zip:
SOUTH MIAMI, FL331
I certify the millages and are correct to the best of my knowledge.
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
TA INCREMENT ADJUSTMENT WORKSHEET
DR-420TIF
R.6/10
Page 2
INSTRUCTIONS
Property appraisers must com lete and sign Section lof
this worksheet and provide it w,th form DR-420,
Certification of Taxable Value, ~o all taxing authorities who
make payments to a redevelopment trust fund under:
• s. 163.387(2)(a), Florida Statutes, or
• An ordinance, resolutio~, or agreement to fund a
project or to finance es~ential infrastructure.
"Tax increment value" is the cu1mulative increase in
taxable value from the base ye~1 r to the current year within
the defined geographic area. It is used to determine the
payment to a redevelopment tr st fund under: . .. I
• s. 163.387(1), F.S. or I
• An ordinance, resolutioh, or agreement to fund a
project or finance esse~tial infrastructure. In this
case, the taxing author~ty must certify the
boundaries and beginning date to the property
appraiser.
"Dedicated increment valu.e" is the portion of the tax
increment value used t6 determine the payment to the
redevelopment trust fund. (Se~ s. 200.001 (8)(h), F.S.) Calcul~de the dedicated incren1ent value on this form and
enter on either Line 6b or Line reo
"Specific proportion," used. to d~termine whether to
complete Line 6 or Line 7, refers to the calculation of the
tax increment payment. Exam~les: .
• Example 1.
Section.163.387(1), F.S., states the payment
made by the taxing autho ity should equal 95% of
. the r:nillage levied times e tax increment value.
The sp~cific proportion in this case is 95%. The
ordinance providing for th payment may set a
percentage lower than 95 Yo. In these cases, the
lower percentage WOUld~tle the specific proportion.·
• Example 2.
Some required tax incre ent payments are not
directly related to the tax ~ncrement value. A
constant dollar payment is a payment not based
on a specific proportion of the tax increment value.
Line 7 converts these paYt~ments into a proportion
based on the prior year's ayment and tax
increment value to reach he current year's
dedicated increment valu¢. .
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 fun.d 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. 0, 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 TRlr forms for taxing authorities are available on our website at I http://dor .myflorida.comJdor/property/trim
!
I
-I-! 1
FLORIDA
Year: 2017
Principal Authority:
CITY OF SOUTH MIAMI
1.
1!:;;:J~f~e(rorifJ:.-,;;, I
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
For municipal governments, counties, and special districts
County: MIAMI-DADE
Taxing Authority:
CITY OF SOUTH MIAMI
or independent special district that has levied
n':::PiirWF9rrfj_-~1
DR-420MM-P
R.s/12
Rule 12D-16.002
Florida Administrative Code
Effective 11112
[Zl No_ (1)
STOP HERE. SIGN AND SUBMIT, You are not subject to a millage limitation.
4.0271 per $1 ,000 (2)
rate with a majority vote from 2016 Form DR-420MM, Line 13 5.2506 per $1,000 (3)
-b. Two-thirds vote o maximum millage rate
c. nanimous vote o The maximum millage
o d. Referendum: The
selection on Line 16
1 7. (Enter rate indicated by
18. year gross taxable :
based on prior year majority-vote maximum millage rate
year as a consequence of an obligation
valuefrom Current Year Form DR-420 Line 12
proceeds with majority vote (Line 6 minus Line 7)
value from Current Year formDR-420 Line 15
rate (Line 8 divided by Line 9, multiplied by 1,000)
um millage levy calculation
enter Line 2)
capita Florida personal income (See Line 12 Instructions)
rate allowed (Line 11 multiplied by Lil.1e 12)
Ilage rate allowed (Multiply Line 13 by 1.10)
$
$
$
$
$
1,666,093,662 (5)
8,747,991 (6)
631,530 (7)
8,116,461 (8)
1,622,172,265 (9)
5.0035 per $1,000 (10)
5.0035 per $1,000 (11)
1.0311 (12)
5.1591 per $1,000 (13)
5.6750 per $1,000 (14)
4.3000 per $1,000 (15)
(16)
maximum millage rate is equa
if Line 15 is greater 4.
millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
a maximum millage rate of
onLine 16)
Continued on page 2
$
5.1591 per $1,000 (17)
1,793,210,812 (18)
24.
S
I
G
N
Title:
(Line 15 multiplied by Line 78, divided by I,OOO) $ 7,710,806
n:t millage rate (Line 77 multiplied by Line 78, divided $
taxes of all dependent special districts & MSTUs levying
0 19 from each district's.Form DR-420MM-P)
$ 7,710,806
lage of all dependent special districts & MSTUs $ 0 20 from each district's Form DR-420MM-P)
$ 9,251,354
[{] YES D NO
I certify .the millages and rates are correct to the best of my knowledge.The millages
comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s.
200.081, F.S.
Date:
Contact Name and Contact Title:
(22)
(23)
(24)
(25)
H STEVEN ALEXANDER,; MANAGER ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
E
R Mailing Address:
E 6130 SUNSET DR
City, State, Zip:
SOUTH MIAMI, FL 331
Complete and submit this
your
Physical Address:
6130 SUNSET DRIVE
Phone Number:
305-663-6343
Fax Number:
305-663-6346
DR-420MM-P, Maximum Millage Levy Calculation-Preliminary Disclosure, to
appraiser with the form DR-420,Certification of Taxable Value.
Instructions on page 3
l
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
DR-420MM-P
R. 5/12
Page 3
. General Instructions
Each of the following taxing a thorities must
complete a DR-:A20MM-P.
• County
• Municipality
• Special district dependent 0 a county or
municipality
• County MSTU
, Independent speCial distri t, including water
management districts
• Water management distric basin
Voting requ!rements for milla1es adopted by a
two-thirds or a unanimous vo e are based on the
full membership ofthe gover ing body, not on
the number of members present at the time of
thevote.
This form calculates the maxin;lUm tax levy for
2017 allowed under s. 200.065;(5), F.5. Counties
and municipalities, including gependent special
. districts and MSTUs, which adfPt a tax levy at the
final hearing higher than allowed under s.
200.065, F.5., may be subject tb the loss of their
half-cent sales tax distributionl
. INSTRUCTIONS
Line Instructions
Lines 5-10
9nlytaxing authorities that levied a 2016 millage rate less
than their maxim\Jm majority vote rate must complete these
lines. The adjusted rolled-back rate on Line 10 is the rate
that would have been levied if the maximum vote rate for
2016 had been adopted. Ifthese 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)(0, 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 of the full membership of the
governing body. With a unanimous vote of the full
membership (three-fourths vote of the 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.
DR-420MM-P sho)Ns the prelifinary maximum
millages and taxes levied based on your
proposed adoption vote. Eachltaxing authority
must complete, sign, and subrpit this form to
their property appraiser with their completed
DR-420, Certification of Taxabr1e Value. Line 17
Enter the millage rate indicated by the box checked in Line
The vote at the final hearing apd the resulting 16; If the proposed millage rate is equal to or lessthanthe
maximum may change. After ~he final hearing, majority vote maximum millage rate, enter the majority vote
each taxing authority will file J final Form· maximum. If a two-thirds vote, a unanimous vote, or a
DR-420MM, Maximum MillagJI Levy Calculation referendum is required, enter the proposed millage rate. For
Final Disclosure, with Form D~-487, Certification a millage requiring more than a majority vote, the proposed
of Compliance, with the Department of Revenue. millage rate must be entered on Line 17, rather than the
I maximum rate, so that the comparisons on Lines 21 through
Specific tax year references in this form are 25 are accurate.
updated each year by the DeJrrtment. . .
All T 1M forms for taxing authorities are available on our website at
http://floridarevenue.com/property/Pages/TRIM.aspx