_BaAgenda Item No:Ba.
City Commission Agenda Item Report
Meeting Date: July 17, 2018
Submitted by: Alfredo Riverol
Submitting Department: Finance Department
Item Type: Resolution
Agenda Section: ADD-ON ITEM(S)
Subject:
A Resolution of the City of South Miami, Florida, relating to the City’s 2018/2019 fiscal year budget; advising the
Miami-Dade County Property Appraiser of its proposed millage rate of 4.3000 mills; its rolled-back rate of
4.0302 mills, and announcing the dates of public hearing to consider the proposed millage rate and tentative
budget. 3/5 (City Manager-Finance Dept.)
Suggested Action:
Attachments:
Millage Memo FY 19 FINAL.docx
2018-2019 Reso re notice to appraiser within 35 daysCArev W#s.docx
TRIM (420, 420TIF, 420MM-P).pdf
2018-preliminary-roll-change-by-property-type.pdf
2018-year-to-year-comparison.pdf
2018-preliminary-roll-by-taxing-authority.pdf
2018-preliminary-senior-exemptions.pdf
2018-average-and-median-homestead-residential-values.pdf
2016 Fiscal Impact of Extending Homestead Banding Between 100k and 125k.pdf
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CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM
To:The Honorable Mayor & Members of the City Commission
From:Steven Alexander, City Manager
Copy:Alfredo Riverol, CPA, CRFAC, CGFM, CGMA, Chief Financial Officer
Date:July 17, 2018 Agenda Item: ______
Subject:Tentative Millage Rate for FY 2018-2019
Request:A Resolution of the City of South Miami, Florida,
relating to the City’s 2018/2019 fiscal year budget;
advising the Miami-Dade County Property Appraiser of
its proposed millage rate of 4.3000 mills; its rolled-back
rate of 4.0302 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 $1,918,166,785. This valuation represents a 7% increase from the FY
2017-18 level of $1,793,210,812 before the effects of inflation are factored into the
calculation. When the increase in ad valorem revenues is considered in conjunction
with the increase in inflation or CPI, the net increase in revenues to the City as
projected at the current and proposed millage rate is $256,167.
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 set by the City of South Miami. The amount of taxes paid by a property owner is
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determined by multiplying the millage rate, times each $1,000 of assessable property
taxable value.
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 29, 2018) each taxing authority shall advise the property
appraiser of its proposed millage rate, its rolled-back rate computed pursuant to sub-
section (1) 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, and 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
$329,733, 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 $164,867. As per Miami-Dade County’s 2018
preliminary average taxable homestead residential value report, the average taxable
homestead residential value for South Miami is $250,927.
During the FY 2019 budget process, newly recommended and discussed budget items
such as much needed parks improvements and new acquisitions will require additional
funds over last year’s approved budget and the Mayor and Commission may request
special projects, new funding for educational alliances, the purchase and or
refurbishment of 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. Securing the funds necessary for such
improvements may be attained by an increase in the millage rate.
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Hypothetical Millage Rate Increase
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 $155.47 annually, which equals .43 cents a day, on their 2018 annual tax bill
when compared to their 2017 annual tax bill. Therefore, at the hypothetical millage rate
example of 4.5000, an increase of $784,611 to City revenues only costs the average
homeowner 43 cents a day more than what the homeowner paid for FY 2018.
TAXING AGENCY
FY 2018
MILLAGE
FY 2019
MILLAGE
City of South Miami 4.3000 4.5000
FY 2018 FY 2019
Average Taxable Amount $226,443 $250,927
FY 2018 FY 2019 Diff
City of South Miami $974 $1,129 $155.47
PROJECTED REVENUE CONCERNS
Parking Revenues
Currently, Parking Revenues are the second largest revenue source (behind property
tax) in our City budget. Currently the Parking Franchise Revenue is budgeted amount
at $1,840,000. That amount represents a reduction of approximately 15% less than
what was budgeted in the previous year. The reduction of the projected revenue from
parking ($2,167,200) was due to several factors.
The City believes that the primary reasons for the reduction and continuous downward
trend in parking revenue can be attributed to several factors including;
1.Ride-sharing programs (i.e. Uber, Lyft).
On May of 2016, Miami-Dade County approved the use of Ride Sharing
Services, which has increased the public’s use of Uber and Lyft. The rising
popularity of ride-hail companies like Uber and Lyft in South Miami is causing
fewer drivers to park in South Miami, Miami-Dade County, and around the
entire Country. Not only has parking been affected, but all public transit has
been impacted. As stated in the New Times article on August 18, 2017,
“People have begun to switch to Uber and Lyft, preferring the comparably
priced, comfortable options to public transit.” Parking systems, such as
South Miami’s, are beginning to see the major impacts on Parking Revenues
from ride sharing programs. We project that there is going to be continued
negative impacts related to parking revenues as ride-hailing services and self-
driving cars gain popularity around the country.
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2.The closing of key businesses, and more importantly, the delay in reopening
of previously existing major commercial entities.
Although many shopping areas nationally are experiencing significant retail
closures due to the increasing competition of the internet and new efforts
from companies such as Amazon, South Miami is undergoing an exaggerated
difficult period as it awaits the anticipated reincarnation of the Shops at
Sunset.
3.Reductions in overall consumer traffic in the downtown area, which are in
part due to the delayed metamorphosis that the Shops at Sunset, the “heart”
of the commercial ecosystem in the downtown area, has amplified.
As mentioned previously, businesses periodically close in the normal retail
environment and is to be expected, however, when commercial locations
remain vacant for a long period, then there is heightened concern and cause
for developing and implementing alternative strategies.
It is important that the City prepare for future reductions in parking revenues
generated by its retail facilities and look for other ways to generate revenues.
Florida Homestead Exemption Increase Amendment
The Florida Homestead Exemption Increase Amendment is on the ballot November 6,
2018 as a legislatively referred constitutional amendment. A "yes" vote supporting this
amendment will exempt the portion of home values between $100,000 and $125,000
from property taxes other than school taxes. The measure would provide for a
homestead exemption on the portion of home values between $100,000 and $125,000,
meaning the $25,000 between $100,000 and $125,000 of a home's value would be
exempted from property taxes other than school district taxes. As of 2017, Section 6(a)
of Article VII of the Florida Constitution provides for a homestead exemption on the
portion of home values between (a) $0 and $25,000 and (b) $50,000 and $75,000.
Should this amendment pass, which is expected to pass, the City estimates
that we will experience an initial revenue loss amount of approximately
$222,513, which would take effect in Fiscal Year 2019-20.
The continuing loss of parking revenues and the expected continuous loss of
the Homestead Exemption revenues project a mounting and continuing
revenue concern for the City, which needs to be planned for now so that
unexpected and unfortunate actions need to occur in the near future.
Adopting the current FY 2018 millage rate of 4.3000 as the FY 2019 millage rate would
provide the City an estimated Ad Valorem revenue increase of $454,878, based on the
increase in taxable value of property in the City before the effects of inflation are
factored into the calculation.
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Rolled-back Millage Rate
Cities are also required by State Law to calculate what is known as the "Rolled-back
Millage Rate.” This is the calculated tax rate at which the City would receive the same
ad valorem revenue as in the previous year, excluding current year new taxable values
(New Construction, additions, etc.). The rolled-back millage rate for the City of South
Miami is 4.0302. The City’s current millage rate of 4.3000 represents a 6.69% increase
over the rolled-back rate. If the City were to adopt the rolled-back rate of 4.0302, the
City’s estimated Ad Valorem revenue would decrease by an estimated
$444,810 when compared to the City’s proposed FY 2018 Ad Valorem
revenue estimate.
For 2017, the annual average Consumer Price Index (CPI)was 2.8%, hence, when
taken into account with the annual average CPI from last year of 2.8%, the effective
decrease in revenues is approximately $198,711 ($7,096,822 x 2.8%) which jumps the
City to a total decrease of $643,521 ($444,810 + $198,711).
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Please find the Millage Calculation table below.
MILLAGE CALCULATION COMPARISON (PROPOSED)
ACCOUNT CLASSIFICATION
ADOPTED
MILLAGE
FY 2017-2018
PROPOSED
MILLAGE
FY 2018-2019
EST.
DIFF
MILLAGE RATE 4.3000 4.3000 0.00%
REAL PROPERTY TAXABLE VALUE 1,727,378,539 1,843,032,750 6.70%
PERSONAL PROPERTY TAXABLE VALUE 65,832,273 75,134,035 14.13%
TOTAL TAXABLE VALUE (REAL AND
PERSONAL PROPERTY)1,793,210,812 1,918,166,785 6.97%
AD VALOREM REVENUE 7,710,806 8,248,117 537,311
95% OF TAXABLE VALUE (TO ALLOW FOR
DELETIONS & DELINQUENCIES)7,325,266 7,835,711 510,445
DEDICATED TAX INCREMENT AMOUNT -683,322 -738,889 55,567
AD VALOREM BUDGET ESTIMATE 6,641,944 7,096,822 454,878
MILLAGE CALCULATION (ROLLED-BACK)
ACCOUNT CLASSIFICATION
ROLLED-
BACK
MILLAGE
FY 2017-2018
ROLLED-
BACK
MILLAGE
FY 2017-2018
EST.
DIFF
MILLAGE RATE 4.3000 4.0302 -6.69%
REAL PROPERTY TAXABLE VALUE 1,727,378,539 1,843,032,750 6.70%
PERSONAL PROPERTY TAXABLE VALUE 65,832,273 75,134,035 14.13%
TOTAL TAXABLE VALUE (REAL AND
PERSONAL PROPERTY)1,793,210,812 1,918,166,785 6.97%
AD VALOREM REVENUE 7,710,806 7,730,596 19,789
95% OF TAXABLE VALUE (TO ALLOW FOR
DELETIONS & DELINQUENCIES)7,325,266 7,344,066 $18,800
DEDICATED TAX INCREMENT AMOUNT -683,322 -692,054 8,732
AD VALOREM BUDGET ESTIMATE 6,641,944 6,652,012 10,068
DIFFERENCE -444,810
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Below please find a detail breakdown of the City’s 2018 taxable values and 2017 taxable
values by property type.
PROPERTY TYPE
2018
COUNT
2018
TAXABLE
VALUE
2017
COUNT
2017
TAXABLE
VALUE
SINGLE FAMILY 2,855 869,649,486 2,849 795,402,785
CONDOMINIUM 781 119,166,685 781 109,974,035
MULTI FAMILY 92 163,371,127 91 147,833,436
COMMERCIAL 640 613,482,777 638 596,737,867
INDUSTRIAL 27 11,771,665 27 10,866,991
AGRICULTURE 1 628,229 1 614,356
VACANT LAND 224 54,981,660 233 55,076,842
INSTITUTIONAL 35 9,183,745 36 10,074,759
GOVERNMENTAL 51 0 51 0
OTHER PROPERTIES 11 797,376 11 797,468
REAL ESTATE PARCELS 4,717 1,843,032,750 4,718 1,727,378,539
PERS PROP & CENT ASSD 75,134,035 65,823,326
ALL ASSESSED PROPERTY 1,918,166,785 1,793,201,865
This increase is attributable to continued signs of the economy stabilizing. The City
experienced an overall assessed real property value increase of $115,654,211 or 6.70%.
This total is the actual assessed taxable value for 2018.
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 increased by $9,310,709 or 14.14% when comparing the
assessed value of FY 2018-19 and FY 2017-18.
The increase in property valuations specifically from construction within the current
2018 year is $2,393,5936 , which represents an increase from the previous year of
$9,172,225 or 160.96%.
RECOMMENDATION
The Administration is proposing a millage rate of 4.3000 mills for FY 2018-
19, which is equivalent to the City’s FY 2017-18 existing millage rate.
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When the increase in ad valorem revenues is considered in conjunction with the
increase in inflation or CPI, the net increase in revenues to the City as projected
at the current and proposed millage rate is $256,167. Additionally, the possible
continuation of revenue slippage from parking revenues, and 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
18-19 budget hearings in September of 2018 only for rates lower than what is set
tonight by the attached Resolution.
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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 13,2018
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 Thursday,September 13, 2018
7:00 PM
City of South Miami City Hall
Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
Second Budget Hearing Wednesday, September 26, 2018
7:00 PM
City of South Miami City Hall
Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
NOTE:
Pertinent meetings scheduled as of this date include:
Miami-Dade County Budget Hearings: 9-06-18 and 9-12-18
and
Miami-Dade County School Board Budget Hearings: 7-25-18 and 9-05-18
Attachments
Proposed Resolution
DR-420, 420TIF, & 420MM-P (DRAFTS)
2018 Tax Roll by Property Type
2018 Year-to-Year-Comparison
2018 Preliminary Tax Roll by Taxing Authority
2018 Preliminary Senior Exemption
Miami-Dade County Preliminary Average Taxable Homestead Residential Value
2016 Fiscal Impact of Extending Homestead Banding Between 100k and 125k 10
Page 1 of 2
RESOLUTION NUMBER: 1
A Resolution of the City of South Miami, Florida, relating to the2
City’s 2018/2019 fiscal year budget; advising the Miami-Dade3
County Property Appraiser of its proposed millage rate of4
4.3000 mills; its rolled-back rate of 4.0302 mills, and announcing5
the date, time and place of public hearing to consider the6
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 (1) 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; and12
WHEREAS,the Certification of Value was made on June 29, 13
2018; and 14
WHEREAS,the City’s Administration computed the proposed millage rate and 15
the rolled-back rate; and16
WHEREAS,the Mayor and City Commission wish to comply with the aforesaid 17
Statute.18
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY 19
COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT:20
Section 1.The City Administration shall advise the property appraiser that 21
the proposed millage rate of the City of South Miami, Florida for the 2018/2019 fiscal 22
year budget is 4.3000 mills which is a 6.69% increase over the rolled back rate and that 23
the rolled-back rate, computed pursuant to sub-section (1) of Florida Statute 200.065, is 24
4.0302 mills.25
Section 2.The date, time, and place of the first and second public budget 26
hearings shall be held to consider the proposed millage rate and budget are as follows:27
First Budget Hearing, September 13, 2018 at 7:00 p.m., in the City Commission 28
Chambers, 6130 Sunset Drive, South Miami, Florida.29
Second Budget Hearing, September 26, 2018 at 7:00 p.m., in the City Commission 30
Chambers, 6130 Sunset Drive, South Miami, Florida.31
Section 3. Severability. If any section clause, sentence, or phrase of this 32
resolution is for any reason held invalid or unconstitutional by a court of competent 33
jurisdiction, the holding shall not affect the validity of the remaining portions of this 34
resolution.35
36
Section 4. Effective Date. This resolution shall become effective immediately 37 11
Page 2 of 2
upon adoption by vote of the City Commission.38
39
PASSED AND ADOPTED this ____ day of _____________, 2018.40
41
42
ATTEST:APPROVED:43
44
45
___________________________________________46
CITY CLERK MAYOR47
48
READ AND APPROVED AS TO FORM,COMMISSION VOTE:49
LANGUAGE, LEGALITY AND Mayor Stoddard:50
EXECUTION THEREOF Vice Mayor Harris: 51
Commissioner Gil:52
_____________________________Commissioner Liebman:53
CITY ATTORNEY Commissioner Welsh:54
12
CERTIFICATION OF TAXABLE VALUE DR-420
R. 5/12
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
Year :County :
Principal Authority :Taxing Authority :
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.Current year taxable value of real property for operating purposes $(1)
2.Current year taxable value of personal property for operating purposes $(2)
3.(3)Current year taxable value of centrally assessed property for operating purposes $
4.(4)Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3)$
5.(5)
Current year net new taxable value (Add new construction, additions, rehabilitative
improvements increasing assessed value by at least 100%, annexations, and tangible
personal property value over 115% of the previous year's value. Subtract deletions.)
$
6.(6)Current year adjusted taxable value (Line 4 minus Line 5)$
7.(7)$Prior year FINAL gross taxable value from prior year applicable Form DR-403 series
8.(8)Does the taxing authority include tax increment financing areas? If yes, enter number
of worksheets (DR-420TIF) attached. If none, enter 0
Number
9.(9)
NumberDoes the taxing authority levy a voted debt service millage or a millage voted for 2
years or less under s. 9(b), Article VII, State Constitution? If yes, enter the number of
DR-420DEBT, Certification of Voted Debt Millage forms attached. If none, enter 0
SIGN
HERE
Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge.
Date :
SECTION II : COMPLETED BY TAXING AUTHORITY
If this portion of the form is not completed in FULL your taxing authority will be denied TRIM certification and
possibly lose its millage levy privilege for the tax year. If any line is not applicable, enter -0-.
10.Prior year operating millage levy (If prior year millage was adjusted then use adjusted
millage from Form DR-422) (10)per $1,000
11.(11)Prior year ad valorem proceeds (Line 7 multiplied by Line 10, divided by 1,000)$
12.(12)$Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a
dedicated increment value (Sum of either Lines 6c or Line 7a for all DR-420TIF forms)
13.
14.
(13)
(14)
Adjusted prior year ad valorem proceeds (Line 11 minus Line 12)$
$Dedicated increment value, if any (Sum of either Line 6b or Line 7e for all DR-420TIF forms)
15.(15)$Adjusted current year taxable value (Line 6 minus Line 14)
16.Current year rolled-back rate (Line 13 divided by Line 15, multiplied by 1,000) per $1000 (16)
17.(17)per $1000Current year proposed operating millage rate
18.(18)
$
Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided
by 1,000)
Continued on page 2
YES NO
YES NO
Signature of Property Appraiser:
MIAMI-DADE
6,934,465
1,894,230,849
4.3000
0
23,935,936
2018
Print Form
4.0302
Electronically Certified by Property Appraiser
CITY OF SOUTH MIAMI
8,248,117
0
6/28/2018 11:47 AM
75,134,035
683,322
1,843,032,750
1,771,578,277
1,720,637,733
CITY OF SOUTH MIAMI
1
7,617,787
4
4.3000
1,918,166,785
173,593,116
4
Reset Form
13
DR-420
R. 5/12
Page 2
19.TYPE of principal authority (check one)County Independent Special District
(19)
Municipality Water Management District
(20)20.
Applicable taxing authority (check one)Principal Authority Dependent Special District
MSTU Water Management District Basin
21.(21)Is millage levied in more than one county? (check one)Yes No
DEPENDENT SPECIAL DISTRICTS AND MSTUs STOP HERE - SIGN AND SUBMIT
22.
(22)$
Enter the total adjusted prior year ad valorem proceeds of the principal authority, all
dependent special districts, and MSTUs levying a millage. (The sum of Line 13 from all DR-420
forms)
23.Current year aggregate rolled-back rate (Line 22 divided by Line 15, multiplied by 1,000)(23)per $1,000
24.(24)$Current year aggregate rolled-back taxes (Line 4 multiplied by Line 23, divided by 1,000)
25.(25)$
Enter total of all operating ad valorem taxes proposed to be levied by the principal
taxing authority, all dependent districts, and MSTUs, if any. (The sum of Line 18 from all
DR-420 forms)
(26)Current year proposed aggregate millage rate (Line 25 divided by Line 4, multiplied
by 1,000)per $1,000
(27)Current year proposed rate as a percent change of rolled-back rate (Line 26 divided by
Line 23, minus 1, multiplied by 100)%
S
I
G
N
H
E
R
E
Taxing Authority 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
either s. 200.071 or s. 200.081, F.S.
Date :
Title :Contact Name and Contact Title :
Mailing Address :Physical Address :
City, State, Zip :Phone Number :Fax Number :
Instructions on page 3
First public
budget hearing
Date :Time :Place :
27.
26.
Signature of Chief Administrative Officer :
6.69
7:00 PM EST
STEVEN ALEXANDER, CITY MANAGER
SOUTH MIAMI, FL 33143
4.3000
4
6130 SUNSET DRIVE
8,248,117
6,934,465
9/13/2018
4
305-663-6343
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
7,730,596
305-663-6346
6130 SUNSET DR
6130 Sunset Drive, South Miami, FL 33143
4
4.0302
14
DR-420
R. 5/12
Page 3
CERTIFICATION OF TAXABLE VALUE
INSTRUCTIONS
“Principal Authority” is a county, municipality, or independent special district (including water management districts).
“Taxing Authority” is the entity levying the millage. This includes the principal authority, any special district dependent to the
principal authority, any county municipal 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-420MM-P, Maximum Millage Levy Calculation - Preliminary Disclosure
Section I: Property Appraiser
Use this DR-420 form for all taxing authorities except school
districts. Complete Section I, Lines 1 through 9, for each county,
municipality, independent special district, dependent special
district, MSTU, and multicounty taxing authority. Enter only
taxable values that apply to the taxing authority indicated. Use a
separate form for the principal authority and each dependent
district, MSTU and water management district basin.
Line 8
Complete a DR-420TIF for each taxing authority making
payments to a redevelopment trust fund under Section 163.387
(2)(a), Florida Statutes or by an ordinance, resolution or
agreement to fund a project or to finance essential infrastructure.
Check "Yes" if the taxing authority makes payments to a
redevelopment trust fund. Enter the number of DR-420TIF forms
attached for the taxing authority on Line 8. Enter 0 if none.
Line 9
Complete a DR-420DEBT for each taxing authority levying either
a voted debt service millage (s.12, Article VII, State Constitution)
or a levy voted for two years or less (s. 9(b), Article VII, State
Constitution).
Check “Yes” if the taxing authority levies either a voted debt
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 not required by the State
Constitution. Complete and attach DR-420DEBT. Do not
complete a separate DR-420 for these levies.
Send a copy to each taxing authority and keep a copy. When the
taxing authority returns the DR-420 and the accompanying forms,
immediately send the original to:
Florida Department of Revenue
Property Tax Oversight - TRIM Section
P. O. Box 3000
Tallahassee, Florida 32315-3000
Section II: Taxing Authority
Complete Section II. Keep one copy, return the original and
one copy to your property appraiser with the applicable
DR-420TIF, DR-420DEBT, and DR-420MM-P within 35 days
of certification. Send one copy to the tax collector. “Dependent
special district” (ss. 200.001(8)(d) and 189.403(2), F.S.)
means a special district that meets at least one of the
following criteria:
l The membership of its governing body is identical to that of
the governing body of a single county or a single
municipality.
l All members of its governing body are appointed by the
governing body of a single county or a single
municipality.
l 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.
l 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
15
MAXIMUM MILLAGE LEVY CALCULATION
FINAL DISCLOSURE
For municipal governments, counties, and special districts
DR-420MM
R. 5/12
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
Year :County :
Principal Authority :Taxing Authority :
1.(1)Is your taxing authority a municipality or independent special district that has levied
ad valorem taxes for less than 5 years?Yes No
IF YES, STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation.
2.(2)per $1,000Current year rolled-back rate from Current Year Form DR-420, Line 16
3.Prior year maximum millage rate with a majority vote from 2016, Form DR-420MM, Line 13 per $1,000 (3)
4.(4)per $1,000Prior year operating millage rate from Current Year Form DR-420, Line 10
If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, continue to Line 5.
Adjust rolled-back rate based on prior year majority-vote maximum millage rate
5.(5)Prior year final gross taxable value from Current Year Form DR-420, Line 7 $
6.(6)$Prior year maximum ad valorem proceeds with majority vote
(Line 3 multiplied by Line 5 divided by 1,000)
7.(7)$Amount, if any, paid or applied in prior year as a consequence of an obligation
measured by a dedicated increment value from Current Year Form DR-420 Line 12
8.(8)Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7)$
9.Adjusted current year taxable value from Current Year form DR-420 Line 15 $(9)
10.Adjusted current year rolled-back rate (Line 8 divided by Line 9, multiplied by 1,000)per $1,000 (10)
Calculate maximum millage levy
11.(11)Rolled-back rate to be used for maximum millage levy calculation
(Enter Line 10 if adjusted or else enter Line 2)per $1,000
12.Adjustment for change in per capita Florida personal income (See Line 12 Instructions) (12)
13.Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12)(13)per $1,000
14.Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10)per $1,000 (14)
15.Current year adopted millage rate per $1,000 (15)
16.(16)Minimum vote required to levy adopted millage: (Check one)
a. Majority vote of the governing body: Check here if Line 15 is less than or equal to Line 13. The maximum millage rate is equal
to the majority vote maximum rate. Enter Line 13 on Line 17.
b. Two-thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The
maximum millage rate is equal to adopted rate. Enter Line 15 on Line 17.
c. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14.
The maximum millage rate is equal to the adopted rate. Enter Line 15 on Line 17.
d. Referendum: The maximum millage rate is equal to the adopted rate. Enter Line 15 on Line 17.
17.The selection on Line 16 allows a maximum millage rate of
(Enter rate indicated by choice on Line 16).(17)
18.(18)Current year gross taxable value from Current Year Form DR-420, Line 4 $
Continued on page 2
per $1,000
683,322
4.3000
2018
9,139,749
4.9869
MIAMI-DADE
4.0302
1,720,637,733
8,456,427
5.4856
4.9869
Print Form
5.1591
0.0000
4.9147
CITY OF SOUTH MIAMI
1,918,166,785
1.0147
4
CITY OF SOUTH MIAMI
4.9147
1,771,578,277
Reset Form
16
DR-420MM
R. 5/12
Page 2
19.Current year adopted taxes (Line 15 multiplied by Line 18, divided by 1,000).(19)$
20.(20)Total taxes levied at the maximum millage rate (Line 17 multiplied by Line 18, divided
by 1,000).$
DEPENDENT SPECIAL DISTRICTS AND MSTUs STOP HERE. SIGN AND SUBMIT.
21.Enter the current year adopted taxes of all dependent special districts & MSTUs levying
a millage . (The sum of all Lines 19 from each district's Form DR-420MM)$(21)
22.Total current year adopted taxes (Line 19 plus Line 21).(22)$
Total Maximum Taxes
23.(23)Enter the taxes at the maximum millage of all dependent special districts & MSTUs
levying a millage (The sum of all Lines 20 from each district's Form DR-420MM).$
24.Total taxes at maximum millage rate (Line 20 plus Line 23).(24)$
Total Maximum Versus Total Taxes Levied
25.Are total current year adopted taxes on Line 22 equal to or less than total taxes at the
maximum millage rate on Line 24? (Check one)YES NO (25)
S
I
G
N
H
E
R
E
Taxing Authority 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 either s. 200.071 or s.
200.081, F.S.
Signature of Chief Administrative Officer :Date :
Title :Contact Name and Contact Title :
Mailing Address :Physical Address :
City, State, Zip :Phone Number :Fax Number :
Complete and submit this form to the Department of Revenue with the completed
DR-487, Certification of Compliance, within 30 days of the final hearing.
Instructions on page 3
Taxing Authority :
0
9,565,706
6130 SUNSET DR 6130 SUNSET DRIVE
9,565,706
4
0
305-663-6346
0
305-663-6343
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
SOUTH MIAMI, FL 33143
0
STEVEN ALEXANDER, CITY MANAGER
17
DR-420MM
R. 5/12
Page 3
MAXIMUM MILLAGE LEVY CALCULATION
FINAL DISCLOSURE
INSTRUCTIONS
General Instructions
Each of the following taxing authorities must
complete a DR-420MM.
• County
• Municipality
• Special district dependent to a county or
municipality
• County MSTU
• Independent special district, including water
management districts
• Water management district basin
Voting requirements for millages adopted by a
two-thirds or a unanimous vote are based on the
full membership of the governing body, not on
the number of members present at the time of
the vote.
This form calculates the maximum tax levy for
2017 allowed under s. 200.065(5), F.S. Counties
and municipalities, including dependent special
districts and MSTUs, which adopt a tax levy at the
final hearing higher than allowed under s.
200.065, F.S., may be subject to the loss of their
half-cent sales tax distribution.
DR-420MM shows the maximum millages and
taxes levied based on your adoption vote. Each
taxing authority must complete, sign, and submit
this form to the Department of Revenue with
their completed DR-487, Certification of
Compliance, within 30 days of their final hearing.
Taxing authorities must also submit DR-487V,
Vote Record for Final Adoption of Millage Levy. This
form certifies to the Department of Revenue the
vote on the resolution or ordinance stating the
millage rate adopted at the final hearing.
Specific tax year references in this form are
updated each year by the Department.
Line Instructions
Lines 5-10
Only taxing authorities that levied a 2016 millage rate less
than their maximum 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. 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.S.), 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.
Line 17
Enter the millage rate indicated by the box checked in
Line 16. If the adopted millage rate is equal to or less than
the majority vote maximum millage rate, enter the
majority vote maximum. If a two-thirds vote, a unanimous
vote, or a referendum is required, enter the adopted
millage rate. For a millage requiring more than a majority
vote, the adopted millage rate must be entered on Line 17,
rather than the maximum rate, so that the comparisons on
Lines 21 through 25 are accurate.
All TRIM forms for taxing authorities are available on our website at
http://floridarevenue.com/property/Pages/TRIM.aspx
18
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
For municipal governments, counties, and special districts
DR-420MM-P
R. 5/12
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
Year:County:
Principal Authority :Taxing Authority:
1.(1)Is your taxing authority a municipality or independent special district that has levied
ad valorem taxes for less than 5 years?Yes No
IF YES, STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation.
2.(2)per $1,000Current year rolled-back rate from Current Year Form DR-420, Line 16
3.Prior year maximum millage rate with a majority vote from 2016 Form DR-420MM, Line 13 per $1,000 (3)
4.(4)per $1,000Prior year operating millage rate from Current Year Form DR-420, Line 10
If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, continue to Line 5.
Adjust rolled-back rate based on prior year majority-vote maximum millage rate
5.(5)Prior year final gross taxable value from Current Year Form DR-420, Line 7 $
6.(6)$Prior year maximum ad valorem proceeds with majority vote
(Line 3 multiplied by Line 5 divided by 1,000)
7.(7)$Amount, if any, paid or applied in prior year as a consequence of an obligation
measured by a dedicated increment value from Current Year Form DR-420 Line 12
8.(8)Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7)$
9.Adjusted current year taxable value from Current Year form DR-420 Line 15 $(9)
10.Adjusted current year rolled-back rate (Line 8 divided by Line 9, multiplied by 1,000)per $1,000 (10)
Calculate maximum millage levy
11.(11)Rolled-back rate to be used for maximum millage levy calculation
(Enter Line 10 if adjusted or else enter Line 2)per $1,000
12.Adjustment for change in per capita Florida personal income (See Line 12 Instructions) (12)
13.Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12)(13)per $1,000
14.Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10)per $1,000 (14)
15.Current year proposed millage rate per $1,000 (15)
16.(16)Minimum vote required to levy proposed millage: (Check one)
a. Majority vote of the governing body: Check here if Line 15 is less than or equal to Line 13. The maximum millage rate is equal
to the majority vote maximum rate. Enter Line 13 on Line 17.
b. Two-thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The
maximum millage rate is equal to proposed rate. Enter Line 15 on Line 17.
c. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14.
The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
17.The selection on Line 16 allows a maximum millage rate of
(Enter rate indicated by choice on Line 16)(17)per $1,000
18.(18)Current year gross taxable value from Current Year Form DR-420, Line 4 $
Continued on page 2
MIAMI-DADE2018
1,771,578,277
5.1591
4
683,322
4
4.3000
9,139,749
Print Form
4.3000
1,918,166,785
1.0147
8,456,427
4.9147
CITY OF SOUTH MIAMI
1,720,637,733
5.4856
CITY OF SOUTH MIAMI
4.9147
4.9869
4.9869
Reset Form
4.0302
19
DR-420MM-P
R. 5/12
Page 2
19.Current year proposed taxes (Line 15 multiplied by Line 18, divided by 1,000)(19)$
20.(20)Total taxes levied at the maximum millage rate (Line 17 multiplied by Line 18, divided
by 1,000)$
DEPENDENT SPECIAL DISTRICTS AND MSTUs STOP HERE. SIGN AND SUBMIT.
21.Enter the current year proposed taxes of all dependent special districts & MSTUs levying
a millage . (The sum of all Lines 19 from each district's Form DR-420MM-P)$(21)
22.Total current year proposed taxes (Line 19 plus Line 21)(22)$
Total Maximum Taxes
23.(23)Enter the taxes at the maximum millage of all dependent special districts & MSTUs
levying a millage (The sum of all Lines 20 from each district's Form DR-420MM-P)$
24.Total taxes at maximum millage rate (Line 20 plus Line 23)(24)$
Total Maximum Versus Total Taxes Levied
25.Are total current year proposed taxes on Line 22 equal to or less than total taxes at the
maximum millage rate on Line 24? (Check one)YES NO (25)
S
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Taxing Authority 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 either s. 200.071 or s.
200.081, F.S.
Signature of Chief Administrative Officer :Date :
Title :Contact Name and Contact Title :
Mailing Address :Physical Address :
City, State, Zip :Phone Number :Fax Number :
Complete and submit this form DR-420MM-P, Maximum Millage Levy Calculation-Preliminary Disclosure, to
your property appraiser with the form DR-420, Certification of Taxable Value.
Instructions on page 3
Taxing Authority :
9,565,706
0
CITY OF SOUTH MIAMI
6130 SUNSET DRIVE
0
SOUTH MIAMI, FL 33143
8,248,117
4
8,248,117
9,565,706
STEVEN ALEXANDER, CITY MANAGER
6130 SUNSET DR
305-663-6343 305-663-6346
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
20
DR-420MM-P
R. 5/12
Page 3
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
INSTRUCTIONS
General Instructions
Each of the following taxing authorities must
complete a DR-420MM-P.
• County
• Municipality
• Special district dependent to a county or
municipality
• County MSTU
• Independent special district, including water
management districts
• Water management district basin
Voting requirements for millages adopted by a
two-thirds or a unanimous vote are based on the
full membership of the governing body, not on
the number of members present at the time of
the vote.
This form calculates the maximum tax levy for
2017 allowed under s. 200.065(5), F.S. Counties
and municipalities, including dependent special
districts and MSTUs, which adopt a tax levy at the
final hearing higher than allowed under s.
200.065, F.S., may be subject to the loss of their
half-cent sales tax distribution.
DR-420MM-P shows the preliminary maximum
millages and taxes levied based on your
proposed adoption vote. Each taxing authority
must complete, sign, and submit this form to
their property appraiser with their completed
DR-420, Certification of Taxable Value.
The vote at the final hearing and the resulting
maximum may change. After the final hearing,
each taxing authority will file a final Form
DR-420MM, Maximum Millage Levy Calculation
Final Disclosure, with Form DR-487, Certification
of Compliance, with the Department of Revenue.
Specific tax year references in this form are
updated each year by the Department.
Line Instructions
Lines 5-10
Only taxing authorities that levied a 2016 millage rate less
than their maximum 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. 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.S.), 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.
Line 17
Enter the millage rate indicated by the box checked in Line
16. If the proposed millage rate is equal to or less than the
majority vote maximum millage rate, enter the majority vote
maximum. If a two-thirds vote, a unanimous vote, or a
referendum is required, enter the proposed millage rate. For
a millage requiring more than a majority vote, the proposed
millage rate must be entered on Line 17, rather than the
maximum rate, so that the comparisons on Lines 21 through
25 are accurate.
All TRIM forms for taxing authorities are available on our website at
http://floridarevenue.com/property/Pages/TRIM.aspx
21
TAX INCREMENT ADJUSTMENT WORKSHEET
DR-420TIF
R. 6/10
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
Year :County :
Principal Authority :Taxing Authority :
Community Redevelopment Area : Base Year :
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.Current year taxable value in the tax increment area (1)$
2.(2)$Base year taxable value in the tax increment area
3.(3)$Current year tax increment value (Line 1 minus Line 2)
4.(4)$Prior year Final taxable value in the tax increment area
5.Prior year tax increment value (Line 4 minus Line 2)$(5)
SIGN
HERE
Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge.
Signature of Property Appraiser :Date :
SECTION II: COMPLETED BY TAXING AUTHORITY Complete EITHER line 6 or line 7 as applicable. Do NOT complete both.
6. If the amount to be paid to the redevelopment trust fund IS BASED on a specific proportion of the tax increment value:
6a.(6a)Enter the proportion on which the payment is based. %
6b.Dedicated increment value (Line 3 multiplied by the percentage on Line 6a)
If value is zero or less than zero, then enter zero on Line 6b $(6b)
6c.Amount of payment to redevelopment trust fund in prior year $(6c)
7. If the amount to be paid to the redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value:
7a.Amount of payment to redevelopment trust fund in prior year $(7a)
7b.Prior year operating millage levy from Form DR-420, Line 10 per $1,000 (7b)
7c.Taxes levied on prior year tax increment value
(Line 5 multiplied by Line 7b, divided by 1,000)$(7c)
7d.Prior year payment as proportion of taxes levied on increment value
(Line 7a divided by Line 7c, multiplied by 100)%(7d)
7e.(7e)$Dedicated increment value (Line 3 multiplied by the percentage on Line 7d)
If value is zero or less than zero, then enter zero on Line 7e
Taxing Authority Certification I certify the calculations, millages and rates are correct to the best of my knowledge.
Signature of Chief Administrative Officer :Date :
Title :Contact Name and Contact Title :
Mailing Address :Physical Address :
City, State, Zip :Phone Number :Fax Number :
S
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MIAMI-DADE
173,593,116
2018
0
305-663-6343
385,681,445
683,322
SOUTH MIAMI, FL 33143
347,186,232
SOUTH MIAMI CRA
68,437,390
Print Form
Electronically Certified by Property Appraiser
CITY OF SOUTH MIAMI
6/28/2018 11:47 AM
305-663-6346
0.00
317,244,055
STEVEN ALEXANDER, CITY MANAGER ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
CITY OF SOUTH MIAMI
0
0
6130 SUNSET DRIVE
1998
6130 SUNSET DR
0.0000
415,623,622
Reset Form
50.00
22
DR-420TIF
R. 6/10
Page 2TAX INCREMENT ADJUSTMENT WORKSHEET
INSTRUCTIONS
Property appraisers must complete and sign Section I of
this worksheet and provide it with form DR-420,
Certification of Taxable Value, to all taxing authorities who
make payments to a redevelopment trust fund under:
· s. 163.387(2)(a), Florida Statutes, or
· An ordinance, resolution, or agreement to fund a
project or to finance essential infrastructure.
“Tax increment value” is the cumulative increase in
taxable value from the base year to the current year within
the defined geographic area. It is used to determine the
payment to a redevelopment trust fund under:
· s. 163.387(1), F.S. or
· An ordinance, resolution, or agreement to fund a
project or finance essential infrastructure. In this
case, the taxing authority must certify the
boundaries and beginning date to the property
appraiser.
“Dedicated increment value” is the portion of the tax
increment value used to determine the payment to the
redevelopment trust fund. (See s. 200.001(8)(h), F.S.)
Calculate the dedicated increment value on this form and
enter on either Line 6b or Line 7e.
“Specific proportion,” used to determine whether to
complete Line 6 or Line 7, refers to the calculation of the
tax increment payment. Examples:
· Example 1.
Section.163.387(1), F.S., states the payment
made by the taxing authority should equal 95% of
the millage levied times the tax increment value.
The specific proportion in this case is 95%. The
ordinance providing for the payment may set a
percentage lower than 95%. In these cases, the
lower percentage would be the specific proportion.
· Example 2.
Some required tax increment payments are not
directly related to the tax increment value. A
constant dollar payment is a payment not based
on a specific proportion of the tax increment value.
Line 7 converts these payments into a proportion
based on the prior year's payment and tax
increment value to reach the current year's
dedicated increment value.
Section I: Property Appraiser
A. Complete Section I of this form for each county,
municipality, independent special district, dependent
special district, and MSTU that:
· Has a tax increment value and
· Is not exempted from making payments to a
community redevelopment trust fund based on
tax increments (s. 163.387(2)(c), F.S.).
If a taxing authority has more than one tax increment
value, they must complete a separate form for each tax
increment value. Send a copy to each taxing authority
with the DR-420 and keep a copy. When the taxing
authority returns the completed forms, immediately send
the original to:
Florida Department of Revenue
Property Tax Oversight Program - TRIM Section
P. O. Box 3000
Tallahassee, Florida 32315-3000
B. Enter only tax increment values that apply to the
value located within the taxing authority indicated.
Section II: Taxing Authority
Complete Section II of the form, keep one copy, and
return the original and one copy to your property
appraiser with DR-420 within 35 days of certification.
Send one copy to your tax collector.
Additional Instructions for Lines 6 and 7
Complete Line 6 if the payment into the redevelopment
trust fund is a specific proportion of the tax increment
value.
Complete Line 7 if the payment is based on a calculation
other than a specific proportion. Do not complete both
Lines 6 and 7.
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/property/trim
23
CERTIFICATION OF FINAL TAXABLE VALUE DR-422
R. 5/13
Rule 12D-16.002
Florida Administrative Code
Effective 5/13
Provisional
Year :County :Is VAB still in session? Yes No
Principal Authority :Check type :
County School District Municipality
Independent Special District Water Management District
Taxing Authority :Check type :
Principal Authority MSTU
Dependent Special District Water Management District Basin
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.Current year gross taxable value from Line 4, Form DR-420 $(1)
2.Final current year gross taxable value from Form DR-403 Series $(2)
3.Percentage of change in taxable value (Line 2 divided by Line 1, minus 1, multiplied by 100)%(3)
The taxing authority must complete this form and return it to the property appraiser by time date
SIGN
HERE
Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge.
Signature of Property Appraiser :Date :
SECTION II : COMPLETED BY TAXING AUTHORITY
MILLAGE RATE ADOPTED BY RESOLUTION OR ORDINANCE AT FINAL BUDGET HEARING UNDER s. 200.065(2)(d), F.S.
If this portion of the form is not completed in full your taxing authority will be denied TRIM certification and possibly lose its millage
levy privilege for the tax year. If any line is inapplicable, enter N/A or -0-.
Non-Voted Operating Millage Rate (from resolution or ordinance)
4a.(4a)County or municipal principal taxing authority per $1,000
4b. (4b)Dependent special district per $1,000
4c.Municipal service taxing unit (MSTU) (4c)per $1,000
4e.School district Required Local Effort (4e)per $1,000
Capital Outlay per $1,000
Discretionary Operating per $1,000
Discretionary Capital Improvement per $1,000
Additional Voted Millage per $1,000
4f.Water management district District Levy (4f)per $1,000
Basin per $1,000
Are you going to adjust adopted millage ? YES NO If No, STOP HERE, Sign and Submit.
Continued on page 2
4d.Independent Special District per $1,000 (4d)
MIAMI-DADE2018
1,918,166,785
4
0.0000
0.0000
0.0000
Print Form
0.0000
CITY OF SOUTH MIAMI
0.0000
0.0000
CITY OF SOUTH MIAMI
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0
-100.00
4
Reset Form
24
DR-422
R. 5/13
Page 2
Taxing Authority :
COUNTIES, MUNICIPALITIES, SCHOOLS, and WATER MANAGEMENT DISTRICTS may adjust the non-voted millage rate only if the
percentage on Line 3 is greater than plus or minus 1% . (s. 200.065(6), F.S)
5.Unadjusted gross ad valorem proceeds
(Line 1 multiplied by Line 4a, 4e, or 4f as applicable , divided by 1,000)$(5)
6.Adjusted millage rate (Only if Line 3 is greater than plus or minus 1%)
(Line 5 divided by Line 2 multiplied by 1,000)per $1000 (6)
MSTUs, DEPENDENT SPECIAL DISTRICTS , and INDEPENDENT SPECIAL DISTRICTS may adjust the non-voted millage rate only if
the percentage on Line 3 is greater than plus or minus 3% (s. 200.065(6), F.S.)
7.Unadjusted gross ad valorem proceeds
(Line 1 multiplied by Line 4b, 4c, or 4d as applicable, divided by 1,000)$(7)
8.Adjusted Millage rate (Only if Line 3 is greater than plus or minus 3%)
(Line 7 divided by Line 2, multiplied by 1,000)per $1000 (8)
S
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Taxing Authority 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 either s. 200.071 or s.
200.081, F.S.
Signature of Chief Administrative Officer :Date :
Title :Contact Name and Contact Title :
Mailing Address :Physical Address :
City, State, Zip :Phone Number :Fax Number :
INSTRUCTIONS
SECTION I: Property Appraiser
1. Initiate a separate DR-422 form for each DR-420, Certification of Taxable Value, and DR-420S, Certification of School
Taxable Value, submitted.
2. Complete Section 1 and sign.
3. Send the original to the taxing authority and keep a copy.
SECTION II: Taxing Authority
1. Complete Section II and sign.
2. Return the original to the property appraiser.
3. Keep a copy for your records.
4. Send a copy to the tax collector.
5. Send a copy with the DR-487, Certification of Compliance, to the Department of Revenue at the address below. Send
separately if the DR-487 was previously sent to the Department.
Florida Department of Revenue
Property Tax Oversight - TRIM Section
P. O. Box 3000
Tallahassee, Florida 32315 - 3000
All taxing authorities must complete Line 4, millages adopted by resolution/ordinance at final budget hearing.
Counties, municipalities, schools, and water management districts may complete Line 5 and Line 6 only when Line 3 is greater than plus or
minus 1%. (s. 200.065(6), F.S.)
MSTUs, dependent special districts, and independent special districts may adjust the non-voted millage rate only when Line 3 is greater than
plus or minus 3%. (s. 200.065(6), F.S.)
Adjusted millage rate must comply with statutes. The adjusted millage rate entered on Line 6 or Line 8 cannot exceed the rate allowed by other
provisions of law or the state constitution.
Multi-county and water management districts must complete a separate DR-422 for each county.
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/property/trim
305-663-6346
6130 SUNSET DR
0.0000
6130 SUNSET DRIVE
0.0000
0
SOUTH MIAMI, FL 33143
0
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
305-663-6343
STEVEN ALEXANDER, CITY MANAGER
25
CERTIFICATION OF FINAL TAXABLE VALUE DR-422
R. 5/13
Rule 12D-16.002
Florida Administrative Code
Effective 5/13
Provisional
Year :County :Is VAB still in session? Yes No
Principal Authority :Check type :
County School District Municipality
Independent Special District Water Management District
Taxing Authority :Check type :
Principal Authority MSTU
Dependent Special District Water Management District Basin
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.Current year gross taxable value from Line 4, Form DR-420 $(1)
2.Final current year gross taxable value from Form DR-403 Series $(2)
3.Percentage of change in taxable value (Line 2 divided by Line 1, minus 1, multiplied by 100)%(3)
The taxing authority must complete this form and return it to the property appraiser by time date
SIGN
HERE
Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge.
Signature of Property Appraiser :Date :
SECTION II : COMPLETED BY TAXING AUTHORITY
MILLAGE RATE ADOPTED BY RESOLUTION OR ORDINANCE AT FINAL BUDGET HEARING UNDER s. 200.065(2)(d), F.S.
If this portion of the form is not completed in full your taxing authority will be denied TRIM certification and possibly lose its millage
levy privilege for the tax year. If any line is inapplicable, enter N/A or -0-.
Non-Voted Operating Millage Rate (from resolution or ordinance)
4a.(4a)County or municipal principal taxing authority per $1,000
4b. (4b)Dependent special district per $1,000
4c.Municipal service taxing unit (MSTU) (4c)per $1,000
4e.School district Required Local Effort (4e)per $1,000
Capital Outlay per $1,000
Discretionary Operating per $1,000
Discretionary Capital Improvement per $1,000
Additional Voted Millage per $1,000
4f.Water management district District Levy (4f)per $1,000
Basin per $1,000
Are you going to adjust adopted millage ? YES NO If No, STOP HERE, Sign and Submit.
Continued on page 2
4d.Independent Special District per $1,000 (4d)
MIAMI-DADE2018
1,918,166,785
4
0.0000
0.0000
0.0000
Print Form
0.0000
CITY OF SOUTH MIAMI
0.0000
0.0000
CITY OF SOUTH MIAMI
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0
-100.00
4
Reset Form
26
DR-422
R. 5/13
Page 2
Taxing Authority :
COUNTIES, MUNICIPALITIES, SCHOOLS, and WATER MANAGEMENT DISTRICTS may adjust the non-voted millage rate only if the
percentage on Line 3 is greater than plus or minus 1% . (s. 200.065(6), F.S)
5.Unadjusted gross ad valorem proceeds
(Line 1 multiplied by Line 4a, 4e, or 4f as applicable , divided by 1,000)$(5)
6.Adjusted millage rate (Only if Line 3 is greater than plus or minus 1%)
(Line 5 divided by Line 2 multiplied by 1,000)per $1000 (6)
MSTUs, DEPENDENT SPECIAL DISTRICTS , and INDEPENDENT SPECIAL DISTRICTS may adjust the non-voted millage rate only if
the percentage on Line 3 is greater than plus or minus 3% (s. 200.065(6), F.S.)
7.Unadjusted gross ad valorem proceeds
(Line 1 multiplied by Line 4b, 4c, or 4d as applicable, divided by 1,000)$(7)
8.Adjusted Millage rate (Only if Line 3 is greater than plus or minus 3%)
(Line 7 divided by Line 2, multiplied by 1,000)per $1000 (8)
S
I
G
N
H
E
R
E
Taxing Authority 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 either s. 200.071 or s.
200.081, F.S.
Signature of Chief Administrative Officer :Date :
Title :Contact Name and Contact Title :
Mailing Address :Physical Address :
City, State, Zip :Phone Number :Fax Number :
INSTRUCTIONS
SECTION I: Property Appraiser
1. Initiate a separate DR-422 form for each DR-420, Certification of Taxable Value, and DR-420S, Certification of School
Taxable Value, submitted.
2. Complete Section 1 and sign.
3. Send the original to the taxing authority and keep a copy.
SECTION II: Taxing Authority
1. Complete Section II and sign.
2. Return the original to the property appraiser.
3. Keep a copy for your records.
4. Send a copy to the tax collector.
5. Send a copy with the DR-487, Certification of Compliance, to the Department of Revenue at the address below. Send
separately if the DR-487 was previously sent to the Department.
Florida Department of Revenue
Property Tax Oversight - TRIM Section
P. O. Box 3000
Tallahassee, Florida 32315 - 3000
All taxing authorities must complete Line 4, millages adopted by resolution/ordinance at final budget hearing.
Counties, municipalities, schools, and water management districts may complete Line 5 and Line 6 only when Line 3 is greater than plus or
minus 1%. (s. 200.065(6), F.S.)
MSTUs, dependent special districts, and independent special districts may adjust the non-voted millage rate only when Line 3 is greater than
plus or minus 3%. (s. 200.065(6), F.S.)
Adjusted millage rate must comply with statutes. The adjusted millage rate entered on Line 6 or Line 8 cannot exceed the rate allowed by other
provisions of law or the state constitution.
Multi-county and water management districts must complete a separate DR-422 for each county.
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/property/trim
305-663-6346
6130 SUNSET DR
0.0000
6130 SUNSET DRIVE
0.0000
0
SOUTH MIAMI, FL 33143
0
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
305-663-6343
STEVEN ALEXANDER, CITY MANAGER
27
2018 TAXABLE PROPERTY TYPECOUNTJUST VALUETAXABLE VALUEJUST VALUETAXABLE VALUEVALUE DIFFPCTNEW CONSSINGLE FAMILY 2,855 1,403,098,332 795,402,785 1,460,601,352 869,649,486 74,246,701 9.3%23,758,734CONDOMINIUM 781 137,777,753 109,974,035 146,642,146 119,166,685 9,192,650 0.0%0MULTI FAMILY 92 156,363,306 147,833,436 171,089,836 163,371,127 15,537,691 10.5%59,086COMMERCIAL 640 646,427,327 596,737,867 676,110,856 613,482,777 16,744,910 0.0%1,651,208INDUSTRIAL 27 12,984,080 10,866,991 15,801,650 11,771,665 904,674 0.0%0AGRICULTURE 1 1,433,374 614,356 1,428,860 628,229 13,873 0.0%0VACANT LAND 224 69,608,990 55,076,842 66,377,191 54,981,660 -95,182 -0.2%-1,533,092INSTITUTIONAL35 101,642,651 10,074,759 100,511,759 9,183,745 -891,014 0.0%0GOVERNMENTAL 51 111,061,424 0 108,923,997 0 0 0.0%0OTHER PROPERTIES 11 1,990,564 797,468 1,990,472 797,376 -92 0.0%0REAL ESTATE PARCELS 4,717 2,642,387,801 1,727,378,539 2,749,478,119 1,843,032,750 115,654,211 6.7% 23,935,936PERS PROP & CENT ASSD117,746,965 65,823,326 129,460,885 75,134,0359,310,709 14.1% 0ALL ASSESSED PROPERTY2,760,134,766 1,793,201,865 2,878,939,004 1,918,166,785 124,964,9207.0%23,935,9362017 PRELIMINARY VALUES 2018 PRELIMINARY VALUESMIAMI-DADE COUNTYPROPERTY APPRAISER2018 ASSESSMENT ROLL CHANGE BY PROPERTY TYPEJUNE 28, 20182018 City of South Miami Preliminary Assessment Roll Values and 2017 Comparison28
PERS PROP GROSS PERS PROP GROSS CHANGE INTAXING AUTHORITYREAL PROPERTY& CENT ASSDTAXABLEREAL PROPERTY& CENT ASSDTAXABLEGROSS TAXABLEPCTCITY OF MIAMI 51,065,457,189 2,291,647,844 53,357,105,033 47,453,223,089 2,168,086,910 49,621,309,999 3,735,795,034 7.53%DOWNTOWN DEV AUTHORITY 18,466,846,346 1,003,057,923 19,469,904,269 17,794,480,077 987,153,511 18,781,633,588 688,270,681 3.66%CITY OF MIAMI BEACH 38,194,902,513 692,758,588 38,887,661,101 36,738,493,881 658,568,609 37,397,062,490 1,490,598,611 3.99%NORMANDY SHORES 211,910,841 194,532 212,105,373 198,157,631 4,127 198,161,758 13,943,615 7.04%CITY OF CORAL GABLES 15,669,652,415 353,724,881 16,023,377,296 14,843,019,453 328,994,637 15,172,014,090 851,363,206 5.61%CITY OF HIALEAH 9,762,587,984 618,296,732 10,380,884,716 8,928,454,641 571,894,997 9,500,349,638 880,535,078 9.27%CITY OF MIAMI SPRINGS 1,115,110,407 83,591,860 1,198,702,267 1,036,258,340 85,467,442 1,121,725,782 76,976,485 6.86%CITY OF NORTH MIAMI 2,973,808,217 127,887,835 3,101,696,052 2,731,911,700 107,931,357 2,839,843,057 261,852,995 9.22%CITY OF NORTH MIAMI BEACH 2,800,222,837 132,235,372 2,932,458,209 2,413,846,621 121,829,344 2,535,675,965 396,782,244 15.65%CITY OF OPA-LOCKA 779,648,485 107,784,240 887,432,725 696,558,420 107,064,042 803,622,462 83,810,263 10.43%CITY OF SOUTH MIAMI 1,843,032,750 75,134,035 1,918,166,785 1,727,378,539 65,832,273 1,793,210,812 124,955,973 6.97%CITY OF HOMESTEAD 2,736,415,452 121,085,602 2,857,501,054 2,499,843,223 108,789,455 2,608,632,678 248,868,376 9.54%MIAMI SHORES VILLAGE 1,095,746,087 22,286,873 1,118,032,960 1,030,605,970 21,517,371 1,052,123,341 65,909,619 6.26%BAL HARBOUR VILLAGE 5,422,566,667 76,255,422 5,498,822,089 5,242,702,989 71,503,521 5,314,206,510 184,615,579 3.47%TOWN OF BAY HARBOR ISLANDS 1,199,898,720 14,839,609 1,214,738,329 1,018,874,072 12,713,670 1,031,587,742 183,150,587 17.75%TOWN OF SURFSIDE 3,052,583,231 33,437,303 3,086,020,534 2,124,593,954 25,864,538 2,150,458,492 935,562,042 43.51%CITY OF WEST MIAMI 526,419,032 23,650,437 550,069,469 456,785,383 18,523,333 475,308,716 74,760,753 15.73%CITY OF FLORIDA CITY 477,906,110 51,529,026 529,435,136 427,748,316 38,991,071 466,739,387 62,695,749 13.43%VILLAGE OF BISCAYNE PARK 214,133,800 3,589,760 217,723,560 192,117,606 3,072,418 195,190,024 22,533,536 11.54%VILLAGE OF EL PORTAL 156,046,316 3,155,592 159,201,908 144,646,207 2,604,725 147,250,932 11,950,976 8.12%TOWN OF GOLDEN BEACH 1,094,204,971 1,560,477 1,095,765,448 1,033,758,863 1,504,558 1,035,263,421 60,502,027 5.84%VILLAGE OF PINECREST 4,760,533,992 49,951,503 4,810,485,495 4,550,031,863 45,295,995 4,595,327,858 215,157,637 4.68%VILLAGE OF INDIAN CREEK 604,760,997 3,126,811 607,887,808 567,609,072 2,772,345 570,381,417 37,506,391 6.58%TOWN OF MEDLEY 1,955,054,965 308,924,598 2,263,979,563 1,817,750,233 275,667,424 2,093,417,657 170,561,906 8.15%NORTH BAY VILLAGE 1,053,117,675 26,741,239 1,079,858,914 1,014,979,408 22,260,645 1,037,240,053 42,618,861 4.11%VILLAGE OF KEY BISCAYNE 8,482,552,944 50,072,756 8,532,625,700 8,607,702,771 39,067,113 8,646,769,884 -114,144,184 -1.32%CITY OF SWEETWATER 1,605,471,794 153,613,504 1,759,085,298 1,531,852,380 132,606,545 1,664,458,925 94,626,373 5.69%VILLAGE OF VIRGINIA GARDENS 176,451,639 92,080,132 268,531,771 167,255,640 94,656,400 261,912,040 6,619,731 2.53%CITY OF HIALEAH GARDENS 1,206,753,225 78,663,144 1,285,416,369 1,091,477,018 73,890,324 1,165,367,342 120,049,027 10.30%CITY OF AVENTURA 10,114,719,172 251,121,004 10,365,840,176 9,875,262,061 223,735,802 10,098,997,863 266,842,313 2.64%CITY OF SUNNY ISLES BEACH 11,043,156,969 77,378,616 11,120,535,585 11,031,585,535 66,307,764 11,097,893,299 22,642,286 0.20%TOWN OF MIAMI LAKES 3,043,770,942 170,107,546 3,213,878,488 2,856,633,089 160,699,265 3,017,332,354 196,546,134 6.51%VILLAGE OF PALMETTO BAY 2,865,295,617 65,416,994 2,930,712,611 2,747,315,915 61,682,645 2,808,998,560 121,714,051 4.33%CITY OF MIAMI GARDENS 4,175,917,558 401,052,032 3,838,375,248 368,449,523 4,206,824,771 -4,206,824,771 #######CITY OF DORAL 12,416,060,462 769,724,738 13,185,785,200 11,367,985,390 712,568,857 12,080,554,247 1,105,230,953 9.15%TOWN OF CUTLER BAY 2,448,718,602 68,991,390 2,517,709,992 2,302,905,010 68,285,604 2,371,190,614 146,519,378 6.18%COUNTY OPERATING275,622,043,592 14,465,094,875 290,087,138,467 258,925,831,149 13,505,868,134 272,431,699,283 17,655,439,184 6.48%MUNICIPAL SERVICE AREA 69,715,383,717 7,056,858,028 76,772,241,745 65,049,636,349 6,630,327,868 71,679,964,217 5,092,277,528 7.10%FIRE & RESCUE 152,645,100,086 10,458,594,074 163,103,694,160 142,562,605,774 9,739,255,868 152,301,861,642 10,801,832,518 7.09%LIBRARY 250,728,001,764 13,454,695,338 264,182,697,102 236,672,095,236 12,585,327,006 249,257,422,242 14,925,274,860 5.99%SO FL WATER MGMT DIST 277,872,920,821 14,465,094,875 292,338,015,696 261,169,690,689 13,505,868,134 274,675,558,823 17,662,456,873 6.43%EVERGLADES CONSTR PROJECT 277,872,920,821 14,465,094,875 292,338,015,696 261,169,690,689 13,505,868,134 274,675,558,823 17,662,456,8736.43%OKEECHOBEE BASIN 277,872,920,821 14,465,094,875 292,338,015,696 261,169,690,689 13,505,868,134 274,675,558,823 17,662,456,873 6.43%FL INLAND NAVIGATION DIST 277,872,920,821 14,465,094,875 292,338,015,696 261,169,690,689 13,505,868,134 274,675,558,823 17,662,456,8736.43%CHILDREN'S TRUST 277,872,920,821 14,465,094,875 292,338,015,696 261,169,690,689 13,505,868,134 274,675,558,823 17,662,456,873 6.43%BOARD OF PUBLIC INSTRUCTION 307,727,920,212 14,465,094,875 322,193,015,087 291,619,889,665 13,505,868,134 305,125,757,799 17,067,257,288 5.59%2018 PRELIMINARY ASSESSMENT ROLL VALUES 2017 PRELIMINARY ASSESSMENT ROLL VALUESMIAMI-DADE COUNTYPROPERTY APPRAISERJUNE 28, 20182018 AND 2017 PRELIMINARY ROLL COMPARISION29
2017 2018 2018
Preliminary Taxable Value Preliminary Percent
Taxable Before New Percent New Taxable Change
TAXING AUTHORITY Value Construction Change Construction Value FROM 2017
01 MIAMI 49,621,309,999 52,023,346,394 4.8% 1,333,758,639 53,357,105,033 7.5%
0101 MIAMI ( DDA ) 18,781,633,588 18,816,013,856 0.2% 653,890,413 19,469,904,269 3.7%
02 MIAMI BEACH 37,397,062,490 38,701,545,195 3.5% 186,115,906 38,887,661,101 4.0%
0201 MB NORMANDY SHORES 198,161,758 209,647,105 5.8% 2,458,268 212,105,373 7.0%
03 CORAL GABLES 15,172,014,090 15,851,139,422 4.5% 172,237,874 16,023,377,296 5.6%
04 HIALEAH 9,500,349,638 10,241,580,234 7.8% 139,304,482 10,380,884,716 9.3%
05 MIAMI SPRINGS 1,121,725,782 1,188,519,599 6.0% 10,182,668 1,198,702,267 6.9%
06 NORTH MIAMI 2,839,843,057 3,055,020,779 7.6% 46,675,273 3,101,696,052 9.2%
07 NORTH MIAMI BEACH 2,535,675,965 2,695,580,360 6.3% 236,877,849 2,932,458,209 15.6%
08 OPA-LOCKA 803,622,462 871,429,709 8.4% 16,003,016 887,432,725 10.4%
09 SOUTH MIAMI 1,793,210,812 1,894,230,849 5.6% 23,935,936 1,918,166,785 7.0%
10 HOMESTEAD 2,608,632,678 2,772,844,913 6.3% 84,656,141 2,857,501,054 9.5%
11 MIAMI SHORES 1,052,123,341 1,116,908,344 6.2% 1,124,616 1,118,032,960 6.3%
12 BAL HARBOUR 5,314,206,510 5,284,281,171 -0.6% 214,540,918 5,498,822,089 3.5%
13 BAY HARBOR ISLANDS 1,031,587,742 1,087,806,096 5.4% 126,932,233 1,214,738,329 17.8%
14 SURFSIDE 2,150,458,492 2,074,568,427 -3.5% 1,011,452,107 3,086,020,534 43.5%
15 WEST MIAMI 475,308,716 505,848,790 6.4% 44,220,679 550,069,469 15.7%
16 FLORIDA CITY 466,739,387 509,594,438 9.2% 19,840,698 529,435,136 13.4%
17 BISCAYNE PARK 195,190,024 216,078,634 10.7% 1,644,926 217,723,560 11.5%
18 EL PORTAL 147,250,932 158,416,286 7.6% 785,622 159,201,908 8.1%
19 GOLDEN BEACH 1,035,263,421 1,077,923,234 4.1% 17,842,214 1,095,765,448 5.8%
20 PINECREST 4,595,327,858 4,760,890,312 3.6% 49,595,183 4,810,485,495 4.7%
21 INDIAN CREEK 570,381,417 607,895,284 6.6% -7,476 607,887,808 6.6%
22 MEDLEY 2,093,417,657 2,226,614,579 6.4% 37,364,984 2,263,979,563 8.1%
23 N. BAY VILLAGE 1,037,240,053 1,079,815,372 4.1% 43,542 1,079,858,914 4.1%
24 KEY BISCAYNE 8,646,769,884 8,499,831,052 -1.7% 32,794,648 8,532,625,700 -1.3%
25 SWEETWATER 1,664,458,925 1,741,049,510 4.6% 18,035,788 1,759,085,298 5.7%
26 VIRGINIA GARDENS 261,912,040 267,701,461 2.2% 830,310 268,531,771 2.5%
27 HIALEAH GARDENS 1,165,367,342 1,252,645,122 7.5% 32,771,247 1,285,416,369 10.3%
28 AVENTURA 10,098,997,863 10,138,634,036 0.4% 227,206,140 10,365,840,176 2.6%
30 UNINCORPORATED 71,679,964,217 75,936,775,674 5.9% 835,466,071 76,772,241,745 7.1%
31 SUNNY ISLES BEACH 11,097,893,299 11,089,118,428 -0.1% 31,417,157 11,120,535,585 0.2%
32 MIAMI LAKES 3,017,332,354 3,147,005,348 4.3% 66,873,140 3,213,878,488 6.5%
33 PALMETTO BAY 2,808,998,560 2,925,759,513 4.2% 4,953,098 2,930,712,611 4.3%
34 MIAMI GARDENS 4,206,824,771 4,521,533,157 7.5% 55,436,433 4,576,969,590 8.8%
35 DORAL 12,080,554,247 12,592,820,904 4.2% 592,964,296 13,185,785,200 9.1%
36 CUTLER BAY 2,371,190,614 2,512,237,601 5.9% 5,472,391 2,517,709,992 6.2%
COUNTY-WIDE 272,431,699,283 284,432,623,061 4.4%5,654,515,406 290,087,138,467 6.5%
FIRE AND RESCUE 152,301,861,642 159,309,275,618 4.6% 3,794,418,542 163,103,694,160 7.1%
LIBRARY 249,257,422,242 260,167,025,410 4.4% 4,015,671,692 264,182,697,102 6.0%
SCHOOL BOARD 305,125,757,799 316,534,110,043 3.7% 5,658,905,044 322,193,015,087 5.6%
S FL WATER MNGT DIST 274,675,558,823 286,679,122,370 4.4% 5,658,893,326 292,338,015,696 6.4%
FL INLAND NAV DIST 274,675,558,823 286,679,122,370 4.4% 5,658,893,326 292,338,015,696 6.4%
THE CHILDREN'S TRUST 274,675,558,823 286,679,122,370 4.4% 5,658,893,326 292,338,015,696 6.4%
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2018 Taxable Values by Taxing Authority
June 28, 2018
30
Count Exemption Value Count Exemption Value
01 Miami 6,280 251,555,536 1,584 12,842,239
02 Miami Beach 1,149 46,676,198 132 443,189
03 Coral Gables 325 15,628,984 13 115,862
04 Hialeah 6,570 271,861,913 2,222 27,217,747
05 Miami Springs 213 10,071,900 0 0
06 North Miami 568 18,804,041 137 491,092
07 North Miami Beach 596 19,765,776 0 0
08 Opa-locka 161 4,223,109 65 16,532
09 South Miami 116 5,322,741 0 0
10 Homestead 370 11,930,344 34 199,949
11 Miami Shores 0 0 0 0
12 Bal Harbour 19 850,000 0 0
13 Bay Harbor Islands 65 2,408,592 4 108,687
14 Surfside 99 4,871,606 0 0
15 West Miami 232 11,402,531 0 0
16 Florida City 0 0 0 0
17 Biscayne Park 32 1,591,654 0 0
18 El Portal 33 1,458,678 0 0
19 Golden Beach 1 25,000 0 0
20 Pinecrest 67 3,099,486 1 0
21 Indian Creek 0 0 0 0
22 Medley 12 331,203 6 5,964
23 North Bay Villae 67 2,462,698 10 28,753
24 Key Biscayne 58 2,800,000 0 0
25 Sweetwater 333 13,788,908 0 0
26 Virginia Gardens 43 1,980,054 16 317,820
27 Hialeah Gardens 479 18,744,641 56 278,367
28 Aventura 757 18,057,042 0 0
30 Unincorporated 19,750 801,707,724 3,995 30,450,367
31 Sunny Isles Beach 502 22,313,616 0 0
32 Miami Lakes 409 18,933,308 15 235,294
33 Palmetto Bay 149 7,124,237 9 148,868
34 Miami Gardens 1,851 61,739,938 868 3,069,538
35 Doral 225 10,754,254 8 161,824
36 Cutler Bay 425 18,654,845 103 1,010,062
99 County 42,089 1,695,816,260 9,650 79,898,825
Municipality
SENIOR EXEMPTIONS
LONG-TERM RESIDENT
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2017 Senior and Long-Term Resident Senior Exemptions
JUNE 28, 2018
SENIOR EXEMPTIONS
31
Count Just Assessed Taxable Just Assessed Taxable
01 CITY OF MIAMI 37,169 384,032 236,040 183,218 267,374 145,670 90,066
02 CITY OF MIAMI BEACH 13,178 948,857 547,502 493,753 408,852 247,242 194,251
03 CITY OF CORAL GABLES 10,296 1,062,485 704,943 651,651 722,263 449,046 397,850
04 CITY OF HIALEAH 31,578 204,221 121,637 65,797 209,838 117,285 52,640
05 CITY OF MIAMI SPRINGS 2,951 343,566 218,288 164,427 326,126 198,507 146,683
06 CITY OF NORTH MIAMI 7,692 261,386 142,985 95,192 174,453 89,997 37,159
07 CITY OF NORTH MIAMI BEACH 6,308 234,506 134,705 85,442 183,436 90,770 38,490
08 CITY OF OPA-LOCKA 1,425 148,134 73,579 31,407 142,740 65,851 25,000
09 CITY OF SOUTH MIAMI 2,377 501,170 303,475 250,927 433,500 244,037 191,972
10 CITY OF HOMESTEAD 8,106 172,921 124,462 76,529 167,201 118,323 66,627
11 MIAMI SHORES VILLAGE 2,852 466,758 283,552 233,572 410,933 243,324 192,797
12 BAL HARBOUR VILLAGE 671 1,645,994 1,044,364 993,043 1,327,651 652,903 602,903
13 TOWN OF BAY HARBOR ISLANDS 1,006 667,826 343,319 291,477 278,121 171,720 119,609
14 TOWN OF SURFSIDE 1,262 656,889 381,669 327,332 544,562 302,218 250,071
15 CITY OF WEST MIAMI 1,137 289,114 174,265 113,614 281,423 153,114 97,377
16 CITY OF FLORIDA CITY 762 121,699 57,527 25,172 113,663 47,556 22,390
17 VILLAGE OF BISCAYNE PARK 704 387,254 219,449 166,706 357,130 187,437 135,953
18 VILLAGE OF EL PORTAL 543 333,655 178,150 125,152 308,462 146,998 95,969
19 TOWN OF GOLDEN BEACH 240 3,800,436 2,119,217 2,067,971 2,949,510 1,316,900 1,266,900
20 VILLAGE OF PINECREST 4,418 970,096 704,035 651,119 791,088 524,446 473,375
21 VILLAGE OF INDIAN CREEK 15 24,067,394 10,807,274 10,742,140 25,435,754 8,819,264 8,769,264
22 TOWN OF MEDLEY 56 139,678 83,480 38,018 123,216 68,411 25,000
23 CITY OF NORTH BAY VILLAGE 1,072 346,357 225,208 174,364 251,107 167,022 113,348
24 VILLAGE OF KEY BISCAYNE 2,560 1,460,722 1,015,191 961,713 1,125,297 622,377 571,243
25 CITY OF SWEETWATER 1,746 197,291 113,326 59,010 173,545 99,472 38,711
26 VILLAGE OF VIRGINIA GARDENS 407 257,760 157,359 100,725 247,470 140,842 88,444
27 CITY OF HIALEAH GARDENS 3,867 209,841 124,537 73,209 204,251 110,839 55,458
28 CITY OF AVENTURA 8,323 384,750 305,387 254,149 264,004 211,222 158,922
30 MUNICIPAL SERVICE AREA 205,830 267,836 173,025 120,279 240,000 147,404 92,693
31 CITY OF SUNNY ISLES BEACH 3,731 553,842 396,953 340,732 286,166 197,660 137,661
32 TOWN OF MIAMI LAKES 6,500 354,788 243,515 189,744 330,596 218,643 166,893
33 VILLAGE OF PALMETTO BAY 6,259 466,514 336,479 284,215 450,478 312,607 261,996
34 CITY OF MIAMI GARDENS 19,202 181,019 104,009 53,841 179,883 96,590 43,335
35 CITY OF DORAL 7,036 328,301 270,546 218,764 296,713 244,201 193,121
36 TOWN OF CUTLER BAY 9,624 239,116 164,016 111,717 226,180 147,173 95,453
99 MIAMI-DADE COUNTYWIDE 410,903 342,988 220,296 167,634 242,150 147,984 93,433
111 BOARD OF PUBLIC INSTRUCTION 410,903 342,988 220,310 194,525 242,150 147,995 122,403
140 SO FLORIDA WATER MANAGEMENT DIST 410,903 342,988 220,296 172,262 242,150 147,984 97,388
130 FLORIDA INLAND NAVIGATION DISTRICT 410,903 342,988 220,296 172,262 242,150 147,984 97,388
160 THE CHILDRENS' TRUST 410,903 342,988 220,296 172,262 242,150 147,984 97,388
Average Values Median Values
Other Taxing Authorities
Municipality
MIAMI-DADE COUNTY
PROPERTY APPRAISER
JUNE 28, 2018
2018 PRELIMINARY AVERAGE AND MEDIAN HOMESTEAD RESIDENTIAL VALUES
32
2016 Taxable Value Value ReductionTotalTaxable After Reduction for Due to Additional Millage Revenue Millage Revenue Millage Revenue Homestead PropertiesMUN TAXING AUTHORITY Value Additional Exemption Value Exemption Value Rate Loss Rate Loss Rate Loss Properties Affected01MIAMI 44,602,305,542 43,988,111,992 614,193,550 7.6465 4,696,431 0.6435 395,234 8.2900 5,091,665 42,425 26,999DOWNTOWN DEV AUTH 16,681,746,744 16,612,886,948 68,859,796 0.4681 32,233 0 0.4681 32,233 3,079 2,84002MIAMI BEACH 34,697,757,108 34,426,260,185 271,496,923 5.7092 1,550,030 0.1796 48,761 5.8888 1,598,791 14,038 11,419MB NORMANDY SHORES 176,059,811 170,234,811 5,825,000 1.0093 5,879 0 1.0093 5,879 233 23303CORAL GABLES 14,389,132,612 14,134,405,459 254,727,153 5.5590 1,416,028 0 5.5590 1,416,028 10,521 10,26804HIALEAH 8,533,649,696 8,193,811,209 339,838,487 6.3018 2,141,594 0 6.3018 2,141,594 32,405 16,21705MIAMI SPRINGS 1,050,756,136 980,740,970 70,015,166 7.5000 525,114 0 7.5000 525,114 3,011 2,86206NORTH MIAMI 2,603,435,134 2,553,322,113 50,113,021 7.5000 375,848 0 7.5000 375,848 7,949 2,59007N. MIAMI BCH 2,330,919,734 2,288,347,490 42,572,244 6.5000 276,720 0.8360 35,590 7.3360 312,310 6,513 2,19708OPA LOCKA 751,530,607 750,394,585 1,136,022 10.0000 11,360 0 10.0000 11,360 1,467 7109SOUTH MIAMI 1,692,410,228 1,640,662,982 51,747,246 4.3000 222,513 0 4.3000 222,513 2,394 2,16010HOMESTEAD 2,316,513,457 2,245,185,509 71,327,948 5.9215 422,368 0.5934 42,326 6.5149 464,694 7,299 3,58511MIAMI SHORES 974,796,046 914,323,154 60,472,892 7.9000 477,736 0.5054 30,563 8.4054 508,299 2,922 2,54512BAL HARBOUR 4,433,731,559 4,416,917,721 16,813,838 1.9654 33,046 0 1.9654 33,046 702 67913BAY HARBOR ISLAND 880,111,322 862,707,044 17,404,278 4.4000 76,579 0 4.4000 76,579 1,084 76414SURFSIDE 1,689,439,338 1,657,636,487 31,802,851 5.0144 159,472 0 5.0144 159,472 1,314 1,29415WEST MIAMI 368,149,163 343,578,821 24,570,342 6.8858 169,186 0 6.8858 169,186 1,157 1,12416FLORIDA CITY 460,489,467 460,093,146 396,321 7.1858 2,848 0 7.1858 2,848 786 2317BISCAYNE PARK 176,894,419 159,793,179 17,101,240 9.7000 165,882 0 9.7000 165,882 792 75018EL PORTAL 129,830,872 120,902,380 8,928,492 8.3000 74,106 0 8.3000 74,106 568 41519GOLDEN BEACH 952,564,565 946,614,565 5,950,000 7.3960 44,006 1.0040 5,974 8.4000 49,980 239 23820PINECREST 4,380,870,849 4,271,578,373 109,292,476 2.3000 251,373 0 2.3000 251,373 4,537 4,38121INDIAN CREEK 547,987,077 547,612,077 375,000 6.9500 2,606 0 6.9500 2,606 15 1522MEDLEY 1,986,106,744 1,985,853,082 253,662 5.5000 1,395 0 5.5000 1,395 58 1223NORTH BAY VILLAGE 959,707,508 944,122,959 15,584,549 4.8432 75,479 0.7108 11,077 5.5540 86,557 1,029 69424KEY BISCAYNE 8,339,284,877 8,274,437,960 64,846,917 3.0000 194,541 0 3.0000 194,541 2,615 2,60325SWEETWATER 1,557,673,900 1,539,789,499 17,884,401 4.5000 80,480 0 4.5000 80,480 1,901 89726VIRGINIA GARDENS 243,065,483 235,741,374 7,324,109 5.1500 37,719 0 5.1500 37,719 403 34027HIALEAH GARDENS 1,091,423,081 1,050,180,751 41,242,330 5.1613 212,864 0 5.1613 212,864 3,915 2,21428AVENTURA 9,901,694,244 9,746,979,978 154,714,266 1.7261 267,052 0 1.7261 267,052 8,405 6,62031SUNNY ISLES 10,111,428,895 10,040,021,372 71,407,523 2.4000 171,378 0 2.4000 171,378 3,836 3,09932MIAMI LAKES 2,809,602,232 2,666,405,200 143,197,032 2.3353 334,408 0 2.3353 334,408 6,492 5,93933PALMETTO BAY 2,659,717,359 2,509,332,963 150,384,396 2.3292 350,275 0 2.3292 350,275 6,313 6,10234MIAMI GARDENS 3,840,502,830 3,756,833,069 83,669,761 6.9363 580,359 1.1571 96,814 8.0934 677,173 19,036 5,06635DORAL 11,134,952,688 10,986,390,114 148,562,574 1.9000 282,269 0 1.9000 282,269 6,536 6,13736CUTLER BAY 2,234,838,286 2,082,458,975 152,379,311 2.3907 364,293 0 2.3907 364,293 9,364 7,01716,085,472 666,339 16,751,811COUNTY-WIDE 251,337,011,475 245,157,773,498 6,179,237,977 4.6669 28,837,886 0.4000 2,471,695 5.0669 31,309,581 419,523 272,04730U.M.S.A. 66,613,469,754 63,540,718,732 3,072,751,022 1.9283 5,925,186 0 1.9283 5,925,186 207,482 135,011FIRE-RESCUE 140,871,793,499 136,237,640,678 4,634,152,821 2.4207 11,217,894 0.0075 34,756 2.4282 11,252,650 317,519 204,543LIBRARY 230,877,177,404 225,238,989,132 5,638,188,272 0.2840 1,601,245 0 0.2840 1,601,245 367,718 246,556TOTAL COUNTY IMPACT47,582,211 2,506,451 50,088,662S.F.W.M.D. 253,337,152,718 247,031,856,551 6,305,296,167 0.1359 856,890 0 0.1359 856,890 419,523 278,928EVERGLADES CONS PROJ 253,337,152,718 247,031,856,551 6,305,296,167 0.0471 296,979 0 0.0471 296,979 419,523 278,928OKEECHOBEE BASIN 253,337,152,718 247,031,856,551 6,305,296,167 0.1477 931,292 0 0.1477 931,292 419,523 278,928F.I.N.D. 253,337,152,718 247,031,856,551 6,305,296,167 0.0320 201,769 0 0.0320 201,769 419,523 278,928THE CHILDREN'S TRUST 253,337,152,718 247,031,856,551 6,305,296,167 0.5000 3,152,648 0 0.5000 3,152,648 419,523 278,928SCHOOL BOARD 284,845,924,926 284,845,924,926 0 7.1380 0 0.1840 0 7.3220 0 419,523 0Values based on the 2016 Preliminary Assessment Roll2) All other exemptions are applied at their 2016 values except for the Veterans and Military Deployment abatements which are based on a percentage of the pre-abatement taxable value. Those abatements will be lower as the percentage will be applied against a lower taxable value.MIAMI-DADE COUNTYPROPERTY APPRAISERFiscal Impact of the Additional Homestead Banding to the $100,000 to $125,000 Range in Assessed ValueAPRIL 27, 2017Estimated Fiscal Impact of an Additional Homestead Exemption (Banding) to $100,000 and $125,000 Range of Assessed ValueDebt Service Total ImpactCOUNTYAdditional $25,000 Homestead Banding OperatingTOTAL MUNICIPAL IMPACTMUNICIPALITIES3) This legislation only applies to counties, municipalities, water districts, and independent special districts. It is not applied to School Board values.OTHERSASSUMPTIONS AND LIMITATIONS:1) An additional Homestead Exemption is applied to values between $100,000 and $125,000. Currently, the additional exemption applies to values between $50,000 and $75,000. Taxes will be paid on values between $75,000 and $100,000.33