2THE CITY OF Pl.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 lof7
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 Residential Values
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 2 of 7
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 $119,555 ($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)
MILLAGE RATE 4.3000 4.3000 0.00%
REAL PROPERTY TAXABLE VALUE 1,624,995,959 1,727,378,539 6.30%
PERSONAL PROPERTY TAXABLE VALUE 67,414,269 65,832,273 -2.35%
TOTAL TAXABLE VALUE (REAL AND I ,692,41 0,228 1,793,210,812 5.96% PERSONAL PROPERTY)
AD VALOREM 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)
DEDICATED TAX INCREMENT AMOUNT -631,530 -683,322 51,792
MILLAGE CALCULATION (ROLLED-BACK)
====~~ ~====~~~====~
MILLAGE RATE 4.3000 4.0271 -6.78%
REAL PROPERTY TAXABLE VALUE 1,624,995,959 1,727,378,539 6.30%
PERSONAL PROPERTY TAXABLE VALUE 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 -55,925
95% OF TAXABLE VALUE (TO ALLOW 6,913,496 6,860,367 -53,128 FOR DELETIONS & DELINQUENCIES)
DEDICATED TAX INCREMENT AMOUNT -631,530 -639,149 7,619
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 ° 53 921,756
OTHER PROPERTIES II 797,468 13 1,788,718
REAL ESTATE 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 possible 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 6 of 7
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 Worl<shop 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 ofthis 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)
-2017 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 7 of 7
1 RESOLUTION NUMBER: _____ _
2 A Resolution of the City of South Miami, Florida, relating to the City's
3 2017/2018 fiscal year budget; advising the Miami-Dade County Property
4 Appraiser of its proposed millage rate of 4.3000 mills; its rolled-back rate of
5 4.0271 mills, and announcing the dates of public hearing to consider the
6 proposed millage rate and tentative budget.
7 WHEREAS, Florida Statute 200.065 requires that within 35 days of receiving
8 the Certificate of Value, each taxing authority shall advise the property appraiser of its
9 proposed millage rate, its rolled-back rate computed pursuant to sub-section (I) and of
10 the date, time and place when a public hearing will be held to consider the proposed
11 millage rate and tentative budget; and
12 WHEREAS, the Certification of Value was made on June 30, 2017; and
13 WHEREAS, the City's Administration computed the proposed millage rate
14 and the rolled-back rate; and
15 WHEREAS, the Mayor and City Commission wish to comply with the
16 aforesaid Statute.
17 NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND
18 CITY COMMISSION OF TH,E CITY OF SOUTH MIAMI, FLORIDA THAT:
19 Section I. The City Administration shall advise the property appraiser that
20 the proposed millage rate of the City of South Miami, Florida for the 2017/2018 fiscal
21 year budget is 4.3000 mills which is a 6.78% increase over the rolled back rate and that
22 the rolled-back rate computed pursuant to sub-section (I) of Florida Statute 200.065 is
23 4.0271 mills.
24 Section 2. The date, time, and place of the first and second public budget
25 hearings shall be held to consider the proposed millage rate and budget are as follows:
26 First Budget Hearing, September 13, 2017 at 7:00 p.m., in the City Commission
27 Chambers, 6130 Sunset Drive, South Miami, Florida ..
28 Second Budget Hearing, September 20, 2017 at 7:00 p.m., in the City
29 Commission Chambers, 6130 Sunset Drive, South Miami, Florida.
30 Section 3. Severability. If any section clause, sentence, or phrase of this
31 resolution is for any reason held invalid or unconstitutional by a court of competent
32 jurisdiction, the holding shall not affect the validity of the remaining portions of this
33 resolution.
34
35 Section 4. Effective Date. This resolution shall become effective
36 immediately upon adoption by vote of the City Commission.
37
Page I of 2
38 PASSED AND ADOPTED this __ day of ,2017.
39
40
41 ATTEST: APPROVED:
42
43
44
45 CITY CLERK MAYOR
46
47 READ AND APPROVED AS TO FORM, COMMISSION VOTE:
48 LANGUAGE, LEGALITY AND Mayor Stoddard:
49 EXECUTION THEREOF Vice Mayor Welsh:
50 Commissioner Edmond:
51 Commissioner Harris:
52 CITY ATTORNEY Commissioner Liebman:
Page 2 of 2
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2017 ASSESSMENT ROLL CHANGE BY PROPERTY TYPE
JULY 1, 20.17
2017 City of South Miami Preliminary Assessment Roll Values and 2016 Comparison
2o.ll -2o.~6~NARY_VALU£S 2017~lMJ.NP.RY.-VALU£S TAXABLE
PROPERTY TYPE COUNT JUST VALUE TAXABLE VALUE JUST VALUE TAXABLE VALUE VALUE DIFF PCT NEW CONS
SINGLE FAMILY 2,849 1,288,819,139 733,610,489 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 2,642,387,80.1 1,727,378,539 10.2,382,580. 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 10.0.,80.0.,584 6.0.% 9,172,225
MIAMI-DADE COUNTY
PROPERTY APPRAISER • ' ,
2017 AND 2016 PRELIMINARY ROLL COMPARIS/ON ~."
JULY 1, 2017
2017 PRELIMINARY ASSESSMENT ROLL VALUES 2016 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 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%
CITY 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 __ 1_4,~~453 328,~637 ~ 172,014,090 14,091,791,819 297,~793 ~~ng,612 782&1:11.478 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 3,838,375,248 368,351,942 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%
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%
MIAMI·DADE COUNTY
PROPERTY APPRAISER
2017 Preliminary Taxable
2017
NORTH MIAMI
NORTH MIAMI BEACH
SOUTH MIAMI
10 HOMESTEAD
11 MIAMI SHORES
12 BAL HARBOUR
13 BAY HARBOR ISLANDS
14 SURFSIDE
15 WEST MIAMI
16 FLORIDA CITY
17 BISCAYNE PARK
18 EL PORTAL
19 GOLDEN BEACH
20 PINECREST
21 INDIAN CREEK
22 MEDLEY
23 N. BAY VILLAGE
24 KEY BISCAYNE
25 SWEETWATER
26 VIRGINIA GARDENS
27 HIALEAH GARDENS
28 AVENTURA
30 UNINCORPORATED
31 SUNNY ISLES BEACH
32 MIAMI LAKES
33 PALMETTO BAY
34 MIAMI GARDENS
35DORAL
36 CUTLER BAY
COUNTY·WIDE
FIRE AND RESCUE
LIBRARY
SCHOOL BOARD
S FL WATER MNGT DIST
by Taxing Authority
4.6%
8.7%
2,831,741,678
2,330,919,734 2,524,630,301
751,530,607 804,043,187
1,692,410,228 1,784,038,587
2,492,204,263
1,049,426,636
4,503,997,703
1,017,289,365
1,785,136,738
419,267,697
464,128,422
193,858,549
146,924,439
1,029,801,530
4,550,771,860
570,290,926
2,077,732,381 5.4%
1,033,057,949 8.1%
8,624,757,969 3.7%
1,635,587,576 6.9%
261,956,480 7.8%
1,151,409,215 6
10,091,623,636 2.0%
70,622,874,508 7.6%
10,299,485,811 9.8%
3,003,461,434 7.4%
2,802,817,500 5.6%
4,067,707,040 9.5%
11,588,752,077 8.5%
2,364,732,533 6.1%
264,278,928,337 8.4%
148,278,752,405 8.1%
242,518,770,553 5.0% 8.0%
296,966,698,160 4.3% 7.1%
266,516,499,184 5.2% 8.4%
5.2% 8.4%
184 5.2% 8.4%
MIAMI-DADE COUNTYI
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
14 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 2,175,835 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 429 18,837,779 136 1,915,744
County 43,007 1,708,238,192 15,496 318,734,217
MIAMI-DADE COUNTY I
~~~:~~~~~~~~I;:R~GE AND MEDIAN HOMESTEAD RESIDENTIAL VALUES
JULY 1,2017 I
Municipality
01 CITY OF MIAMI
02 CITY OF MIAMI BEACH
03 CITY OF CORAL GABLES
04 CITY OF HIALEAH
05 CITY OF MIAMI SPRINGS
06 CITY OF NORTH MIAMI
07 CITY OF NORTH MIAMI BEACH
08 CITY OF OPA-LOCKA
09 CITY OF SOUTH MIAMI
10 CITY OF HOMESTEAD
11 MIAMI SHORES VILLAGE
12 BAL HARBOUR VILLAGE
13 TOWN OF BAY HARBOR ISLANDS
14 TOWN OF SURFSIDE I
15 CITY OF WEST MIAMI
16 CITY OF FLORIDA CITY
17 VILLAGE OF BISCAYNE PARK
18 VILLAGE OF EL PORTAL
19 TOWN OF GOLDEN BEACH
20 VILLAGE OF PINECREST
21 VILLAGE OF INDIAN CREEK
22 TOWN OF MEDLEY
23 CITY OF NORTH BAY VILLAGE
24 VILLAGE OF KEY BISCAYNE ,
25 CITY OF SWEETWATER r
26 VILLAGE OF VIRGINIA GARDEN
27 CITY OF HIALEAH GARDENS
28 CITY OF AVENTURA
30 MUNICIPAL SERVICE AREA :
31 CITY OF SUNNY ISLES BEACH I
32 TOWN OF MIAMI LAKES
33 VILLAGE OF PALMETTO BAY
34 CITY OF MIAMI GARDENS !
35 CITY OF DORAL I
36 TOWN OF CUTLER BAY
MIAMI-DADE COUNTYWIDE
Other Taxing Authorities
BOARD OF PUBLIC INSTRUCTlqN
SO FLORIDA WATER MANAGE~ENT DIST
FLORIDA INLAND NAVIGATION DISTRICT
THE CHILDRENS' TRUST I
Average Values
Count Just Assessed Taxable
37,012 366,383 223,207 170,718
13,213 979,385 517,437 463,617
10,305 1,036,722 674,741 621,277
31,543 184,028 114,144 58,830
2,951 328,769 208,513 154,708
7,680 231,128 132,558 85,574
6,336 204,198 125,471 76,868
1,411 114,805 61,313 23,783
2,373 480,493 279,173 226,443
7,572 158,802 113,123 66,395
2,846 465,472 266,978 217,085
680 1,714,505 1,011,705 960,195
1,022 616,748 326,680 274,687
1,269 654,161 357,607 303,077
1,127 289,091 164,965 103,995
758 107,484 52,525 21,419
708 346,036 203,378 150,627
543 324,086 166,186 113,091
239 3,684,483 1,941,399 1,890,172
4,427 964,204 675,634 622,946
15 21,907,530 10,581,399 10,516,104
52 116,996 75,352 32,208
1,034 344,708 210,779 160,408
2,586 1,575,860 981,858 928,364
1,755 177,561 107,636 53,906
410 239,151 149,707 93,476
3,890 189,212 119,217 68,514
8,353 399,037 298,584 247,523
203,880 249,790 164,471 112,143
3,744 573,470 386,044 329,840
6,478 330,079 232,453 178,893
6,270 454,456 323,612 271,419
18,956 158,717 96,046 46,751
6,722 327,582 260,055 208,290
9,476 224,660 154,844 102,625
407,636
407,636
407,636
407,636
407,636
328,990
328,990
328,990
328,990
328,990
209,777
209,792
209,777
209,777
209,777
157,509
184,061
162,141
162,141
162,141
Median Values
Just Assessed Taxable
243,830 136,915 80,557
417,573 236,103 182,343
694,505 429,395 377,738
185,343 112,528 45,957
310,335 190,754 138,684
140,215 85,741 32,937
148,810 87,077 34,882
111,787 56,293 25,000
412,430 229,636 175,908
154,301 109,342 57,203
408,147 227,911 177,372
1,369,209 621,613 571,613
278,113 158,564 107,445
543,828 292,943 238,796
281,541 145,730 90,589
100,509 45,862 20,695
315,416 174,194 123,138
301,673 140,350 89,616
2,875,331 1,265,739 1,215,739
786,726 501,802 450,133
22,685,574 8,637,869 8,587,869
107,097 64,799 24,750
244,727 154,683 102,224
1,122,424 591,413 537,581
155,000 90,673 36,887
228,770 135,763 84,631
188,077 106,869 52,694
276,720 202,975 151,348
220,871 140,133 85,118
301,171 190,757 133,125
305,025 210,742 159,237
440,793 301,632 250,974
155,983 90,325 37,569
293,900 232,607 181,567
210,724 138,837 87,261
223,240
223,240
223,240
223,240
223,240
140,160
140,169
140,160
140,160
140,160
85,341
114,596
89,591
89,591
89,591
•
\[", ResetF6rllri \r.'i>rinti=6nn,', J
DR-420
CERTIFICATION 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 )
I
2. Current year taxable va1lue of personal property for operating purposes $ 65,832,273 (2)
3.
I
Current year taxable va1lue of centrally assessed property for operating purposes $ 0 (3)
4. Current year gross taxa Ie 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) 5. improvements increasipg assessed value by at least 100%, annexations, and tangible 9,172,225
personal property value over 115% of the previous year's value. Subtract deletions.)
I
6. Current year adjusted trxable value (Line 4 minus Line 5) $ 1,784,038,587 (6)
7. Prior year FINAL gross trxable 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 [(]YES 0 NO Number (8) of worksheets (DR-420rIF) attached. If none, enter 0 1
Does the taxing author~y 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 Apprais~r Certification II certify the taxable values above are correct to the best of my knowledge.
SIGN I Date:
HERE
Signature of Property iPpraiser:
Electronically Certifie~ by Property Appraiser 6/30/20173:19 PM
SECTION II : COMPLEtED BY TAXING AUTHORITY
Ifthis portion of th'e form is not completed in FULL your taxing authority will be denied TRIM certification and
possibly I~se its millage levy privilege for the tax year. If any line is not applicable, enter -0-.
10. Prior year operating mi~age levy (If prior-year millage was adjusted then use adjusted
millage from Form DR-41 2) , 4.3000 per $1,000 (10)
11. Prior year ad valorem p:roceeds (Line 7 multiplied by Line 10, divided by 1,000) $ 7,164,203 (11 )
12. Amount, if any, paid or apblied in prior year as a consequence of an obligation measured by a
dedicated increment va,uf (Sum of either Lines 6c or Line 70 for all DR-420TlF forms) $ 631,530 (12)
13. Adjusted prior year ad yalorem proceeds (Line 11 minus Line 12) $ 6,532,673 (13)
14. Dedicated increment valu:e, if any (Sum of either Line 6b or Line 7e for all DR-420TIF forms) $ 161,866,322 (14)
15. Adjusted current year trxable value (Line 6 minus Line 14) $ 1,622,172,265 (15)
16. Current year rolled-bac~ rate (Line 13 divided by Line 15, multiplied by 1,000) 4.0271 per$1000 (16)
17. Current year proposed fperating 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 a 'f"h,('wllr\l (check one) D County D Independent Special District
19.
[{] Municipality D Water Management District
Applicable taxing [{] Principal Authority D Dependent Special District
20.
D MSTU D Water Management District Basin
21. Is millage levied in than one county? (check one) DYes [{] No
year ad valorem proceeds of the principal authority, all
d MSTUs levying a millage. (The sum of Line 73 from all DR-420 $
nt year aggregate rolleQ-'na(:K rate (Line 22 divided by Line 75, multiplied by 7,000)
24. Current year aggregate taxes (Line 4 multiplied by Line 23, divided by 7,000) $
Enter total of all ' ad valorem taxes proposed to be levied by the principal
25. taxing authority, all districts, and MSTUs, if any. (The sum of Line 18 from all $
DR-420 forms)
26. Current year proposed ::lrfrlrp,(',::lrp, millage rate (Line 25 divided by Line 4, multiplied
7,000)
27, Currentye~r proposed
Line 23, mmus 1 r
First public
budget hearing
as a percent change of rolled-back rate (Line 26 divided by
by 100)
Time: Place:
6,532,673
4.0271 per $1,000
7,221,439
7,710,806
4.3000 per $1,000
6,78 %
DR-420
R. 5/12
Page2
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
ce ages a rates are correct to my knowledge.
S
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E
Taxing ,Tn,nor"'" Certification
I
The millages comply with the provisions of s. 200.065 and the provisions of
either s. 200.071 or s. 200.081, F.5.
Signature of Chief nistrative Officer: Date:
Title: I
STEVEN '-"_1..,,,,,,,-.11..1 CITY MANAGER
Mailing Address:
6130 SUNSET DR
City, State, Zip:
SOUTH MIAMI, FL 3 143
Contact Name and Contact Title:
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
Physical Address:
6130 SUNSET DRIVE
Phone Number:
305-663-6343
I nstructions on page 3
Fax Number:
305-663-6346
CERTIFICATION OF TAXABLE VALUE
INSTRUCTIONS
DR-420
R. 5/12
Page 3
"Principal Authority" is a county, jUniCiPality , 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 murl icipal service 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-420MMlp, 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, Line~ 1 through 9, for each county,
municipality, independent special ~istrict, dependent special
district, MSTU, and multicounty taxing authority. Enter only
taxable values that apply to the ta¥ing authority indicated. Use a
separate form for the principal autrority and each dependent
district, MSTU and water managem
l
ent district basin.
Line 8
Complete a DR-420TIF for each faxing authority making
payments to a redevelopment tru~t fund under Section 163.387
(2)(a), Florida Statutes or by an orldinance, resolution or
agreement to fund a project or to finance essential infrastructure.
Check "Yes" if the taxing authorit~ 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.
Line 9 I
Complete a DR-420DEBT for each taxing authority levying either
a voted debt service millage (s.12j Article VII, State Constitution)
or a levy voted for two years or less (s. 9(b), Article VII, State
Constitution). I
Check "Yes" if the taxing authoritYllleVies 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 nbt required by the State
Constitution. Complete and attac~: DR-420DEBT. Do not
complete a separate DR-420 for tiese levies.
Send a copy to each taxing autho1ity and keep a copy. When the
taxing authority returns the DR-42*O and the accompanying forms,
immediately send the original to:
Florida Department of Rev nue
Property Tax Oversight -T 1M Section
P. O. Box 3000 I
Tallahassee, Florida 3231,-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)(f), F.S.
Lines 12 and 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
• FLORIDA
Year: 2017
Principal Authority:
CITY OF SOUTH MIAMI
Community Redevelopment
SOUTH MIAMI CRA
SECTION I: COMPLETED BY
1. rrent year taxable value I
2.
3. rrent year tax increment I
AX INCREMENT ADJUSTMENT WORK$HEET
County: MIAMI-DADE
Taxing Authority:
CITY OF SOUTH MIAMI
Base Year:
1998
APPRAISER
$
$
$
DR-420TIF
R.6/10
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
392,170,034 (1 )
68,437,390 (2)
323,732,644 (3)
4. Prior year Final taxable valu l in the tax increment area $ 365,384,471 (4)
5. $ 296,947,081 (5)
I certify the taxable values above are correct to the best of my knowledge.
SIGN
HERE Date:
6. If the amount to be paid to I redevelopment trust fund IS BASED on a specific proportion of the tax increment value:
• I 6a. Enter the proportion on wh, 50.00 % (6a)
IUe!alC:aIE!a increment value I (Line 3 multiplied by the percentage on Line 6a) $ 6b. . 161,866,322 (6b) If value is zero or less zero, then enter zero on Line 6b
6c. of payment to I trust fund in prior year $ 631,530 (6c)
7. If the amount to be paid to th
l
redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value:
s
I I
G Title: I N STEVEN ALEXANDER, I
H Mailing Address:
E 6130 SUNSET DR
R
E City, State, Zip:
SOUTH MIAMI, FL 331
$ 0 (7a)
0.0000 per $1,000 (7b)
$ 0 (7c)
of taxes levied on increment value % (7d)
by 100) 0.00
$ 0 (7e)
I certify the calculations, millages and rates 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
TAX INCREMENT ADJUSTMENT WORKSHEET
1
INSTRUCTIONS
DR-420TIF
R. 6/1 0
Page 2
Property appraisers must com ·Iete and sign Section lof Section I: Property Appraiser
this worksheet and provide it with form DR-420,
Certification of Taxable Value, to all taxing authorities who
make payments to a redevelop:ment trust fund under:
• s. 163.387(2)(a), Florida Statutes, or
• An ordinance, resolutior, or agreement to fund a
project or to finance esrential infrastructure.
"Tax increment value" is the cumulative increase in
taxable value from the base ye~r to the current year within
the defined geographic area. It I is used to determine the
payment to a redevelopment trLst fund under:
• s. 163.387(1), F.S. or I '
• An ordinance, resolution, or agreement to fund a
project or finance esse~tial 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. (se~ s. 200.001 (8)(h), F.S.)
Calculate the dedicated increITIent value on this form and
enter on either Line 6b or Line reo
"Specific proportion," used to drtermine 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 millage levied times t e tax increment value.
The specific proportion in this case is 95%. The
ordinance providing for thf3 payment may set a
percentage lower than 95rlo. In these cases, the
lower percentage would I:)le the specific proportion.
• Example 2.
Some required tax increITJent 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 pa~Ftments into a proportion
based on the prior year's ayment and tax
increment value to reach he current year's
I
dedicated increment valu~.
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 coll.ector.
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
Ij
FLORIDA
Year: 2017
Principal Authority:
CITY OF SOUTH MIAMI
Is your taxing authority a
1. ad valorem taxes for less
IF YES,
2.
3. Prior year maximum
II: Reset ForrnI Ii Print Form
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
For municipal governments, counties, and special districts
County: MIAMI-DADE
Taxing Authority:
CITY OF SOUTH MIAMI
nicipality or independent special district that has levied
5 years? D Yes
DR-420MM-P
R.5/12
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
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)
onea"DaICK rate based on prior year majority-vote maximum millage rate
5.
6.
7.
8.
9.
10.
11.
12.
Amount, if any,
measured by a
usted current year
Adjusted current year
Rolled-back rate to be
(Enter Line 10 if adjusted
Adjustment for change in
s vote
maximum millage rate
D C. Una mous vote of the
The maximum millage
selection on Line 16
17. (Enter rate indicated by
18.
$ 1,66M93,662 (5)
proceeds with majority vote $ 8,747,991 (6) divided by 1,000)
in prior year as a consequence of an obligation $ (7) ment value from Current Year Form DR-420 Line 12 631,530
proceeds with majority vote (Line 6 minus Line 7) $ 8,116A61 (8)
value from Current Year form DR-420 Line 15 $ 1,622,172,265 (9)
rate (Line 8 divided by Line 9, multiplied by 1,000) 5.0035 per $1,000 (10)
levy
5.0035 per $1,000 (11 )
r capita Florida personal income (See Line 12 Instructions) 1.0311 (12)
rate allowed (Line 11 multiplied by Line 12) 5.1591 per $1,000 (13)
lIage rate allowed (Multiply Line 13 by 1.10) 5.6750 per $1,000 (14)
4.3000 per $1,000 (15)
(16)
ing body: Chec here if Line 15 is less than or equal to Line 13. The maximum
um rate. Enter Line 13 on Line 17.
greater than Line 13. e
m millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
a maximum millage rate of
on Line 16)
ue from Current Year Form DR-420, Line 4
Continued on page 2
5.1591
$
per $1,000 (17)
U93,210,812 (18)
Taxing Authority:
CITY OF SOUTH MIAMI
I (Line 15 multiplied by Line 18, divided by 1,000) $
um millage rate (Line 77 multiplied byLine 78, divided $
nrn,n""~"n taxes of all dependent special districts & MSTUs levying
19 from each district's Form DR-420MM-P)
7,710,806
o
$ 7,710,806 (22)
23 Enter the taxes at the I um millage of all dependent special districts & MSTUs
. levying a millage (The sum Lines 20 from each district's Form DR-420MM-P) $ o (23)
24. . $ 9,251,354 (24)
25 total current year taxes on Line 22 equal to or less than total taxes at the
. maximum millage ne 24? (Check one) [l] YES D NO (25)
5
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. I Authority ,crl'ITI,r"::1IT
I
of Chief Ad I
Title: I
STEVEN ALEXANDER, ; ITY MANAGER
I
Mailing Address:
6130 SUNSET DR
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.5.
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 ~frm DR-420MM-P, Maximum Millage Levy Calculation-Preliminary Disclosure, to
your proper y appraiser with the form DR-420, Certification of Taxable Value.
I
Instructions on page 3
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
INSTRUCTIONS
DR-420MM-P
R. 5/12
Page 3
. General Instructions
Each of the following taxing a[thorities must
complete a DR-420MM-P.
• County
• Municipality
• Special district dependent 0 a county or
municipality
• County MSTU
, Independent special distrilt, including water
management districts
• Water management distric basin
Voting requirements for milia, es adopted by a
two-thirds or a unanimous vo e are based on the
full membership of the gover ing body, not on
the number of members present at the time of
the vote. !
This form calculates the maxi~um tax levy for
2017 allowed under s. 200.065i(5), F.5. Counties
and municipalities, including gependent special
districts and MSTUs, which adfPt a tax levy at the
final hearing higher than allovyed under s.
200.065, F .5., may be subject tb the loss of their
half-cent sales tax distributionl
DR-420MM-P shows the preliJinary maximum
Line Instructions
Lines 5-10
9nly taxing authorities that levied a 2016 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
2016 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 of the full membership of the
governing body. With a unanimous vote ofthe 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.
millages and taxes levied base'd on your
proposed adoption vote. Eachl taxing authority
must complete, sign, and subrpit this formto
their property appraiser with their completed
DR-420, Certification of Taxabl11e 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 less thanthe
maximum may change. After the 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 Millage: 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 fhiS form are 25 are accurate.
updated each year by the Dep1artment. .
All T 1M forms for taxing authorities are available on our website at
http://floridarevenue.com/property/Pages/TRIM.aspx