Res No 091-19-15363RESOLUTION NUMBER: 91-19-1 5363
A Resolution of the City of South Miami, Florida, relating to the City's
2019/2020 fiscal year budget; advising the Miami -Dade County
Property Appraiser of its proposed millage rate of 4.3000 mills; its
rolled -back rate of 4.0947 mills, and announcing the date, time and
place of public hearing to consider the proposed millage rate and
tentative budget.
WHEREAS, Florida Statute 200.065 requires that within 35 days of receiving the
Certificate of Value, each taxing authority shall advise the property appraiser of its
proposed millage rate, its rolled -back rate computed pursuant to sub -section (1) and of
the date, time and place when a public hearing will be held to consider the proposed
millage rate and tentative budget; and
WHEREAS, the Certification of Value was made on July 01, 2019; and
WHEREAS, the City's Administration computed the proposed millage rate and
the rolled -back rate; and
WHEREAS, the Mayor and City Commission wish to comply with the aforesaid
Statute.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION
OF THE CITY OF SOUTH MIAMI, FLORIDA THAT:
Section 1. The City Administration shall advise the property appraiser that
the proposed millage rate of the City of South Miami, Florida for the 2019/2020 fiscal
year budget is 4.3000 mills which is a 5.01% increase over the rolled back rate and that
the rolled -back rate, computed pursuant to sub -section (1) of Florida Statute 200.065,
is 4.0947 mills.
Section 2. The date, time, and place of the first and second public budget
hearings shall be held to consider the proposed millage rate and budget are as follows:
First Budget Hearing, September 12, 2019 at 7:00 p.m., in the City Commission
Chambers, 6130 Sunset Drive, South Miami, Florida.
Second Budget Hearing, September 25, 2019 at 7:00 p.m., in the City
Commission Chambers, 6130 Sunset Drive, South Miami, Florida.
Section 3. Severability. If any section clause, sentence, or phrase of this
resolution is for any reason held invalid or unconstitutional by a court of competent
jurisdiction, the holding shall not affect the validity of the remaining portions of this
resolution.
Page I of 2
Resolution No. 91-19-15363
Section 4. Effective Date. This resolution shall become effective immediately
upon adoption by vote of the City Commission.
PASSED AND ADOPTED this 16' day of July, 2019.
ATTEST:
CITY CLERK
READ AND APPROVED AS TO FORM,
APPROVED:
COMMISSION VOTE:
�-0
Mayor Stoddard:
Yea
Vice Mayor Harris:
Yea
Commissioner Gil:
Yea
Commissioner Liebman:
Yea
Commissioner Welsh:
Yea
Page 2 of 2
Agenda t'tem Nol.
City Commission Agenda item Report
Meeting Date: July 16, 2019
Submitted by: Michelle Caloca
Submitting Department: Finance Department
Item Type: Resolution
Agenda Section:
Subject:
A Resolution of the City of South Miami, Florida, relating to the City's 2019/2020 fiscal year budget; advising the
Miami -Dade County Property Appraiser of its proposed millage rate of 4.3000 mills; its rolled -back rate of
4.0947 mills, and announcing the date, time and place of public hearing to consider the proposed millage rate
and tentative budget. 3/5 (City Manager -Finance Dept.)
Suggested Action:
Attachments:
Millage_Memo_FY 20 FINAL.docx
Millage Resolution FY 20 FINAL.docx
DR420 2019.pdf
DR420 TIFF 2019.pdf
DR420 MMP 2019.pdf
2019 City of South Miami Assessment Roll Change by Property Type.pdf
2019 taxable values by taxing authority.pdf
2019-average-and-median-homestead-residential-values.pdf
2019-preliminary-senior-exemptions.pdf
2017-18-year-to-year-comparison.pdf
1000
(O
South M iami
THE CITY Of PI.EASANT LIVING
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 16, 2019
Subject: Tentative Millage Rate for FY 2019-2020
Request: A Resolution of the City of South Miami, Florida, relating to the
City's 2019/2020 fiscal year budget; advising the Miami -Dade
County Property Appraiser of its proposed millage rate of 4.3000
mills; its rolled -back rate of 4.0947 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 $1,987,072,238. Before the effects of inflation are factored into the
calculation, this valuation represents a 3.59% increase from the FY 2018-19 level of
$1,918,166,785. 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 a mere $29,147.
Maximum Millaee 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
2
Page 1 of 8
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.
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 July 1, 2019) 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 $413,924, 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 $225,152. As per Miami -Dade County's 2019
preliminary average taxable homestead residential value report, the average taxable
homestead residential value for South Miami is $251,456.
During the FY 2020 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.
3
Page 2 of 8
Hypothetical Millaee 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 $ 53 annually, which equals .14 cents a day, on their 2019 annual tax bill when
compared to their 2018 annual tax bill. Therefore, at the hypothetical millage rate
example of 4.5000, an increase of $413,924 to City revenues only costs the average
homeowner .14 cents a day more than what the homeowner paid for FY 2019.
FY 2019
FY 2020
TAXING AGENCY
MILLAGE
MILLAGE
City of South Miami
4.3000
4.5000
FY 2019
FY 2020
Average Taxable Amount
$250,927
$251,456
FY 2019
FY 2020 Diff
City of South Miami
$1,079
$1,132 $53
PROJECTED REVENUE CONCERNS
Parkine 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
$1,778,925. That amount represents the same expected revenue amount of what was
budgeted in the previous 2019 fiscal year. Please keep in mind, this amount is a reduction
in Parking Revenues in FY 2017 which was budgeted at $2,167,200 due to several factors.
The City believes that the primary reasons for the reduction and downward trend in
parkinp, 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.
4
Page 3 of 8
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.
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
4.0947. The City's current millage rate of 4.3000 represents a 5.01% increase over the
rolled -back rate. If the City were to adopt the rolled -back rate of 4.0947, the City's
estimated Ad Valorem revenue would decrease by an estimated $351,168 when
compared to the City's proposed FY 2019 Ad Valorem revenue estimate.
For 2018, the annual average Consumer Price Index (CPI) was 3.3%, hence, when taken
into account with the annual average CPI from last year of 3.3%, the effective decrease in
revenues is approximately $243,182 ($7,369,151x 3.3%) which jumps the City to a total
decrease of $594,350 ($351,168 + $243,182).
5
Page 4 of 8
Please find the Millage Calculation table below.
MILLAGE CALCULATION COMPARISON (PROPOSED)
PROPOSED
PROPOSED
EST.
ACCOUNT CLASSIFICATION
MILLAGE
MILLAGE
DIFF
FY 2018-2019
FY 2019-2020
MILLAGE RATE
4.3000
4.3000
0.00%
REAL PROPERTY TAXABLE VALUE
1,843,032,750
1,917,803,879
4.06%
PERSONAL PROPERTY TAXABLE VALUE
75,134,035
69,268,359
-7.81 %
TOTAL TAXABLE VALUE (REAL AND
1,918,166,785
1,987,072,238
3.S9%
PERSONAL PROPERTY)
AD VALOREM REVENUE
8,248,117
8,544,411
2969293
95% OF TAXABLE VALUE (TO ALLOW FOR
7,835,711
8,117,190
$2819479
DELETIONS & DELINQUENCIES)
DEDICATED TAX INCREMENT AMOUNT
-738,889
-748,039
90150
AD,VALOREM BUDGET ESTIMATE
7,096,822
7,369,151
272,329
MILLAGE CALCULATION (ROLLED -BACK)
ROLLED-
ROLLED -
ACCOUNT CLASSIFICATION
BACK
BACK
EST.
MILLAGE
MILLAGE
DIFF
FY 2018-2019
FY 2019-2020
MILLAGE RATE
4.3000
4.0947
-S.01 %
REAL PROPERTY TAXABLE VALUE
1,843,032,750
1,917,803,879
3.90%
PERSONAL PROPERTY TAXABLE VALUE
75,134,035
69,268,359
-8.47%
TOTAL TAXABLE VALUE (REAL AND
1,918,166,785
1,987,072,238
3.47%
PERSONAL PROPERTY)
AD VALOREM REVENUE
8,248,117
8,136,465
-1 1 1,6S2
95% OF TAXABLE VALUE (TO ALLOW FOR
7,835,711
7,729,641
DELETIONS & DELINQUENCIES)
$106,070
DEDICATED TAX INCREMENT AMOUNT
-738,889
-711,658
-27,231
AD VALOREM BUDGET ESTIMATE
7,096,822
7,017,983
-789839
DIFFERENCE
-351,168
Page 5 of 8
Non -Rolled back Millage Rate
Below please find a detail breakdown of the City's 2019 taxable values and 2018 taxable
values by property type.
PROPERTY TYPE
2019
COUNT
2019
TAXABLE
VALUE
2018
COUNT
2018
TAXABLE
VALUE
SINGLE FAMILY
2,853
920,015,960
2,855
869,649,486
CONDOMINIUM
781
122,601,682
781
119,166,685
MULTI FAMILY
92
169,268,099
92
163,371,127
COMMERCIAL
641
624,969,158
640
613,482,777
INDUSTRIAL
27
12,460,049
27
11,771,665
AGRICULTURE
2
1,788,063
1
628,229
VACANT LAND
225
56,524,884
224
54,981,660
INSTITUTIONAL
35
9,340,645
35
9,183,745
GOVERNMENTAL
49
0
51
0
OTHER PROPERTIES
11
835,339
11
797,376
REAL ESTATE PARCELS
4,716
1,917,803,879
4,717
1,843,032,750
PERS PROP & CENT ASSD
69,268,359
75,134,035
ALL ASSESSED PROPERTY
1,987,072,238
1,918,166,785
This increase is attributable to continued signs of the economy stabilizing. The City
experienced an overall assessed real property value increase of $74,771,129 or 4.06% or
.76% over the CPI. This total is the actual assessed taxable value for 2019.
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 $5,865,676 or -7.81% when comparing the
assessed value of FY 2019-20 and FY 2018-19.
The increase in property valuations specifically from construction within the current 2019
year is $10,997,785 which represents an decrease from the previous year of $12,938,151
or-54.05%.
7
Page 6 of 8
RECOMMENDATION
The Administration is proposing a millage rate of 4.3000 mills for FY 2019-20, which is
equivalent to the City's FY 2018-19 existing millage rate.
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 $29,147. 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 19-
20 budget hearings in September of 2019 only for rates lower than what is set tonight by
the attached Resolution.
Page 7 of 8
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 Tuesday, August 13, 2019 City of South Miami City Hall
10:00 AM Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
Additionally, the required budget hearings are proposed for the following dates:
First Budget Hearing
Second Budget Hearing
NOTE:
Thursday, September 12, 2019
7:00 PM
Wednesday, September 25, 2019
7:00 PM
Pertinent meetings scheduled as of this date include:
Miami -Dade County Budget Hearings: 9-05-19 and 9-19-19
and
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 School Board Budget Hearings: 7-24-19 and 9-04-19
Attachments
— Proposed Resolution
DR-420, 420TIF, & 420MM-P (DRAFTS)
— 2019 Tax Roll by Property Type
— 2019 Year -to -Year -Comparison
— 2019 Preliminary Tax Roll by Taxing Authority
— 2019 Preliminary Senior Exemption
— Miami -Dade County Preliminary Average Taxable Homestead Residential Value
�'7
Page 8 of 8
WE
CERTIFICATION OF TAXABLE VALUE
FLORIDA
Reset Form
Print Form
DR-420
R. 5/12
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
Year: 2019
County: MIAMI-DADE
Principal Authority:
Taxing Authority:
CITY OF SOUTH MIAMI
CITY OF SOUTH MIAMI
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.
Current year taxable value of real property for operating purposes
$ 1,917,803,879
(1)
2.
Current year taxable value of personal property for operating purposes
$ 69,268,359
(2)
3.
Current year taxable value of centrally assessed property for operating purposes
$ 0
(3)
4.
Current year gross taxable value for operating purposes (Line I plus Line 2plus Line 3)
$ 1,987,072,238
(4)
Current year net new taxable value (Add new construction, additions, rehabilitative
5.
improvements increasing assessed value by at least 100%, annexations, and tangible
$ 10,997,785
(5)
personal property value over 115%of the previous year's value. Subtract deletions.)
6.
Current year adjusted taxable value (Line4minusLine5)
$ 1,976,074,453
(6)
7.
Prior year FINAL gross taxable value from prior year applicable Form DR-403 series
$ 1,884,820,243
(7)
8
Does the taxing authority include tax increment financing areas? If yes, enter number
Z YES
NO
Number
(8)
of worksheets (DR-420TIF) attached. if none, enter 0
t
Does the taxing authority levy a voted debt service millage or a millage voted for 2
Number
9.
years or less under s. 9(b), Article VII, State Constitution? If yes, enter the number of
EJ YES
Z NO
(9)
DR-420DEBT, Certification of Voted Debt Millage forms attached. If none, enter 0
0
Property Appraiser Certification
I certify the taxable values above are correct to the best of my knowledge.
SIGN
Signature of Property Appraiser:
Date:
HERE
Electronically Certified by Property Appraiser
7/1/201912:51 PM
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 forthetaxyear. If any line is not applicable, enter -0-.
10
Prior year operating millage levy (Ifprioryearmillage was adjusted then use adjusted
per$1,000
(10)
millage from Form DR-422)
4.3000
11.
Prior year ad valorem proceeds (Line 7 multiplied by Line 10, divided by 1,000)
$ 8,104,727
(11)
12
Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a
$ 738,889
(7 2)
dedicated increment value (Sum of either Lines 6c orLine 7a for all DR-420TIF forms)
13.
Adjusted prior year ad valorem proceeds (Line 11 minus Line 12)
$ 7,365,838
(13)
14.
IDedicated increment value, if any(Sum ofeither Line 6b or Line 7e foroll DR-420TIF forms)
$ 177,206,865
(14)
15.
Adjusted current year taxable value (Line 6 minus Line 14)
$ 1,798,867,588
(15)
16.
Current year rolled -back rate (Line 13 divided by Line 75, multiplied by 1,000)
4.0947 per $1000
(16)
17.
Current year proposed operating millage rate
4.3000 per$1000
(17)
18
Total taxes to be levied at proposed millage rate (Line 17multiplied by Line 4, divided
(18)
by 1,000)
$ g,544,411
12
Continued on page 2
DR-420
R. 5/12
Page 2
❑ county ❑ Independent Special District
19
TYPE of principal authority (check one)
(19)
✓❑ Municipality ❑ Water Management District
Applicable taxing authority (check one) Q Principal Authority ❑ Dependent Special District
20
(20)
MSTU ❑ Water Management District Basin
21.
Is millage levied in more than one county? (check one) Yes ❑✓ No
(21)
DEPENDENT SPECIAL DISTRICTS AND MSTUs
I
STOP HERE - SIGN AND SUBMIT
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
$ 7,365,838
(22)
forms)
23.
Current year aggregate rolled -back rate (Line 22 divided by Line 15, multiplied by 1,000)
4.0947 per $1,000
(23)
24.
Current year aggregate rolled -back taxes (Line 4 multiplied by Line 23, divided by 1,000)
$ 8,136,465
(24)
Enter total of all operating ad valorem taxes proposed to be levied by the principal
25.
taxing authority, all dependent districts, and MSTUs, if any. (The sum of Line 18 from all
$ 8,544,411
(25)
DR-420 forms)
26
Current year proposed aggregate millage rate (Line 25 divided by Line4, multiplied
4.3000 per $1,000
(26)
by 1,000)
27
Current year proposed rate as a percent change of rolled -back rate (Line 26 divided by
u�
27)
Line 23, Minus 7, multiplied by 100)
5.01
First public
Date:
Time:
Place:
budget hearing
I certify the millages and rates are correct to the best of my knowledge.
Taxing Authority Certification
The millages comply with the provisions of s. 200.065 and the provisions of
either s. 200.071 or s.200.081, F.S.
S
Signature of Chief Administrative Officer:
Date:
G'
N
Title:
Contact Name and Contact Title:
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
H
STEVEN ALEXANDER, CITY MANAGER
E
Mailing Address:
Physical Address:
R
6130 SUNSET DR
6130 SUNSET DRIVE
E
City, State, Zip:
Phone Number:
Fax Number:
SOUTH MIAMI, FL 33143
305-663-6343
305-663-6346
13
Instructions on 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 VI I, 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
DR-420
R. 5/12
Page 3
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.
14
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/propertv/trim
�� Reset Form Print Form DR-R.6 10
� /
Rule 12D-16.002
TAX INCREMENT ADJUSTMENT WORKSHEET Florida Administrative Code
FLORIDA Effective 11/12
Year: 2019
County: MIAMI-DADE
Principal Authority :
CITY OF SOUTH MIAMI
Taxing Authority :
CITY OF SOUTH MIAMI
Community Redevelopment Area:
SOUTH MIAMI CRA
Base Year:
1998
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.
Current year taxable value in the tax increment area
$ 422,851,119
(1)
2.
Base year taxable value in the tax increment area
$ 68,437,390
(2)
3.
Current year tax increment value (Line I minus Line2)
$ 354,413,729
(3)
4.
Prior year Final taxable value in the tax increment area
$ 406,131,565
(4)
5.
Prior year tax increment value (Line 4 minus Line 2)
$ 337,694,175
(5)
SIGN
Property Appraiser Certification
I certify the taxable values above are correct to the best of my knowledge.
HERE
Signature of Property Appraiser :
Electronically Certified by Property Appraiser
Date :
7/1/2019 12:51 PM
SECTION II: COMPLETED BY TAXING AUTHORITY Complete EITHER line 6 or line 7 as applicable. Do NOT complete both.
6.Ifthe amount to be paid to the redevelopment trust fund IS BASED on a specific proportion of the tax increment value:
6a.
Enter the proportion on which the payment is based.
50.00 %
(6a)
6b.
Dedicated incrementvalue (Line 3 multiplied by the percentage on Line 6a)
If value is zero or lets than zero, then enterzero on Line 6b
$ 177,206,865
(6b)
6c.
Amount of payment to redevelopment trust fund in prior year
$ 738,889
(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
$ 0
(7a)
7b.
Prior year operating millage levy from Form DR-420, Line 10
0.0000 per $1,000
(7b)
7c
Taxes levied on prior year tax increment value
(Line 5 multiplied by Line 7b, divided by 7,000)
$ 0
(7c)
7d
Prior year payment as proportion of taxes levied on increment value
(Line 7a divided by Line7c multiplied by 100)
0.00 %
(7d)
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
$ 0
(7e)
Taxing Authority Certification
I I certify the calculations, millages and rates are correct to the best of my knowledge.
5
I
Signature of Chief Administrative Officer:
Date:
G
N
Title:
STEVEN ALEXANDER, CITY MANAGER
Contact Name and Contact Title:
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
H
E
R
Mailing Address:
6130 SUNSET DR
Physical Address:
6130 SUNSET DRIVE
E
City, State, Zip:
SOUTH MIAMI, FL33143
Phone Number:
305-663-6343
Fax Number: 15
305-663-6346
DR-420TI F
R. 6/10
TAX INCREMENT ADJUSTMENT WORKSHEET Page 2
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.
16
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/propeML/trim
FLOWDA
Reset Form
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
For municipal governments, counties, and special districts
Print Form
DR-420MM-P
R. 5/12
Rule 1213-16.002
Florida Administrative Code
Effective 11/12
Year: 2019
County: MIAMI-DADE
Principal Authority:
CITY OF SOUTH MIAMI
Taxing Authority:
CITY OF SOUTH MIAMI
1
Is your taxing authority a municipality or independent special district that has levied
ad valorem taxes for less than 5 years?
❑
Yes
No
(i)
IF YES, I r STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation.
2.
Current year rolled -back rate from Current Year Form DR-420, Line 16
4.0947 per $1,000
(2)
3.
Prior year maximum millage rate with a majority vote from 2078 Form DR-420MM, Line 13
4.9869 per $1,000
(3)
4.
Prior year operating millage rate from Current Year Form DR-420, Line 10
4.3000 per $1,000
(4)
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.
Prior year final gross taxable value from Current Year Form DR-420,Line 7
$ 1,884,820,243
(5)
6
Prior year maximum ad valorem proceeds with majority vote
(Line 3 multiplied by Line 5 divided by 7,000)
$ 9,399,410
(6)
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
$ 738,889
(7)
8.
Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7)
$ 8,660,521
(8)
9.
Adjusted current year taxable value from Current Year form DR-420Line 15
$ 1,798,867,588
(9)
10.
Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 1,000)
4.8144 per $1,000
(10)
Calculate maximum millage levy
11
Rolled -back rate to be used for maximum millage levy calculation
(Enter Line 10 ffadjusted or else enter Line 2)
4 8144 per $1,000
(11)
12.
Adjustment for change in per capita Florida personal income (See Line 12 Instructions)
1.0339
(12)
13.
Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12)
4.9776 per $1,000
(13)
14.
Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.70)
5A754 per $1,000
(14)
15.
Current year proposed millage rate
4.3000 per $1,000
(15)
16.
Minimum vote required to levy proposed millage: (Check one)
(16)
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 77.
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
El 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.
El 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 77.
17.
The selection on Line 16 allows a maximum millage rate of
(Enter rate indicated by choice on Line 16)
4.9776 per $1,000
(17)
18.
Current year gross taxable value from Current Year Form DR-420, Line 4
$ 1,987,072,238
17
(18)
Continued on page 2
Taxing Authority:
DR-420MM-P
CITY OF SOUTH MIAMI
R. 5112
Page 2
19.
Current year proposed taxes (Line 15 multiplied by Line 78, divided by 7,000)
5 8,544,411
(19)
20.
Total taxes levied at the maximum millage rate (Line 77 multipliedbyline 78, divided
S
(20)
by 1,000)
9,890,851
DEPENDENT SPECIAL DISTRICTS AND MSTUs
I
STOP HERE. SIGN AND SUBMIT.
21
Enter the current year proposed taxes of all dependent special districts & MSTUs levying
s
(21)
a millage . (The sum of all Lines 19 from each district's Form DR-420MM-P)
0
22.
Total current year proposed taxes (Line 19 plus Line 21)
s 8,544,411
(22)
Total Maximum Taxes
23
Enter the taxes at the maximum millage of all dependent special districts & MSTUs
s
(23)
levying a millage (The sum of all Lines 20 from each district's Form DR -420MM-P)
p
24.
Total taxes at maximum millage rate (Line 20plus Line 23)
s 9,890,851
(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
121 YES NO
(25)
maximum millage rate on Line 24? (Check one)
1 certify the millages and rates are correct to the best of my knowledge. The millages
Taxing Authority Certification
comply with the provisions of s. 200.065 and the provisions of either s. 200.071 ors.
S
200.081, F.S.
Signature of Chief Administrative Officer:
Date:
G
N
Title:
Contact Name and Contact Title:
H
STEVEN ALEXANDER, CITY MANAGER
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
E
R
Mailing Address:
Physical Address:
E
6130 SUNSET DR
6130 SUNSET DRIVE
City, State, Zip:
Phone Number:
Fax Number:
SOUTH MIAMI, FL 33143
305-663-6343
305-663-6346
Complete and submit this form DR-4201ViM-P, Maximum Millage Levy Calculation -Preliminary Disclosure, to
your property appraiser tvith the form DR-420, Certification of Taxable Value.
W.
Instructions on 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
2019 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
DR-420MM-P
R. 5/12
Page 3
Only taxing authorities that levied a 2018 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
2018 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.
19
All TRIM forms for taxing authorities are available on our website at
http://floridarevenue.com/properiy/Pages/Forms.aspx
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2019 ASSESSMENT ROLL CHANGE BY PROPERTY TYPE
July 1, 2018
2019 City of South Miami Preliminary Assessment Roll Values and Comparison
2019
PROPERTY TYPE
COUNT
SINGLE FAMILY
2,853
CONDOMINIUM
781
MULTI FAMILY
92
COMMERCIAL
641
INDUSTRIAL
27
AGRICULTURE
2
VACANT LAND
225
INSTITUTIONAL
35
GOVERNMENTAL
49
OTHER PROPERTIES
11
REAL ESTATE PARCELS 4,716
PERS PROP & CENT ASSD
ALL ASSESSED PROPERTY
2018 PRELIMINARY VALUES
2019 PRELIMINARY VALUES
JUST VALUE
TAXABLE VALUE
JUST VALUE
TAXABLE VALUE
1,460,601,352
869,649*486
1,493,887,226
920,015,960
146,642,146
119,166*685
149,109,893
122,601,682
171,089,836
163,371,127
178,517,264
169,268,099
676,110,856
613,482,777
669,552,037
624,969,158
15,801,650
11,771,665
26,507,082
12,460,049
1,428,860
628,229
3,925,218
1,788*063
66*377,191
54,981,660
68,930,922
56,524,884
100,511*759
9,183,745
101,905,144
9,340,645
108,923,997
0
109,311,820
0
1,990,472
797,376
2,028,435
835,339
2,749,478,119
1,843,032,750
2,793,675,041
1,917,803,879
129,460,885
75,134,035
130,379,381
69,268,359
2,878,939,004 1,918,166,785 2,924,054,422 1,987,072,238
TAXABLE
VALUE DIFF
50,366,474
3,434,997
5,896,972
11,486,381
688,384
1,159,834
1,543,224
156,900
0
37,963
74,771,129
-5,865,676
68,905AS3
Pa
5.8%
2.9%
3.6%
1.9%
5.8%
184.6%
2.8%
1.7%
4.8%
4.1%
-7.8%
3.6%
NEW CONS
11,872,094
0
7,315
21,049
0
0
-881,011
0
0
0
11,019,447
0
11,019,447
KE
MIAMI-DADE COUNTY �C��
PROPERTY APPRAISER : `oi
2019 Taxable Values by Taxing Authority
JULY 1, 2019
TAXING AUTHORITY
2018
PRELIMINARY
TAXABLE
VALUE
2019
TAXABLE VALUE
BEFORE NEW
CONSTRUCTION
PERCENT
CHANGE
NEW
CONSTRUCTION
2019
PRELIMINARY
TAXABLE
VALUE
PERCENT
CHANGE
FROM 2018
01 MIAMI
53,357,105,033
55,741,638,701
4.5%
3,219,960,716
58,961,599,417
10.5%
0101 MIAMI (DDA)
19,469,904,269
19,911,317,273
2.3%
1,279,650,867
21,190,968,140
8.8%
02 MIAMI BEACH
38,887,661,101
39,796,383,821
2.3%
302.508,638
40,098,892,459
3.1%
0201 MB NORMANDY SHORES
212,105,373
219,807,591
3.6%
3,896,854
223,704,445
5.5%
03 CORAL GABLES
16,023,377,296
16,628,038,192
3.8%
308,328,426
16,936,366,618
5.7%
04 HIALEAH
10,380,884,716
11,097,040,934
6.9%
209,020,029
11,306,060,963
8.9%
05 MIAMI SPRINGS
1,198,702,267
1,253,303,976
4.6%
3,158,649
1,256,462,625
4.8%
06 NORTH MIAMI
3,101,696,052
3,281,665,574
5.8%
104,640,397
3,386,305,971
9.2%
07 NORTH MIAMI BEACH
2,932,458,209
3,098,153,829
5.7%
300,883,866
3,399,037,695
15.9%
08 OPA-LOCKA
887,432,725
962,271,647
8.4%
192,167,032
1,154,438,679
30.1%
09 SOUTH MIAMI
1,918,166,786
1,976,074,453
3.0%
10,997,785
1,987,072,238
3.6%
10 HOMESTEAD
2,857,501,054
3,042,760,442
6.5%
100,949,185
3,143,709,627
10.0%
11 MIAMI SHORES
1,118.032,960
1,187,450,400
6.2%
8,936,829
1,196,387,229
7.0%
12 BAL HARBOUR
5,498.822,089
5,488,688,497
-0.2%
11,429,329
5,500,117,826
0.0%
13 BAY HARBOR ISLANDS
1,214,738,329
1,272,012,544
4.7%
61,863,457
1,333,876,001
9.8%
14 SURFSIDE
3,086,020,534
3,110,303,017
0.8%
6,330,378
3,116,633,395
1.0%
15WESTMIAMI
550,069,469
568.145.376
3.3%
1,688,982
569,834,358
3.6%
16 FLORIDA CITY
529,435,136
555,483,981
4.9%
4,100,281
559,584,262
5.7%
17 BISCAYNE PARK
217,723,560
228,382,630
4.9%
2,818,930
231,201,560
6.2%
18 EL PORTAL
159,201,908
167,895,744
5.5%
-47,591
167,848,153
5.4%
19 GOLDEN BEACH
1,095.765,448
1,111,206,881
1.4%
49,336,557
1,160,543,438
5.9%
20 PINECREST
4,810,485,495
4,947,403,141
2.8%
77,664,020
5,025,067,161
4.5%
21 INDIAN CREEK
607,887.808
636,701,902
4.7%
16,562,382
653,264,284
7.5%
22 MEDLEY
2,263,979,563
2,418,951,165
6.8%
53,113
2,419.004,278
6.8%
23 N. BAY VILLAGE
1,079,858,914
1,087,432,858
0.7%
3,773,431
1,091,206,289
1.1%
24 KEY BISCAYNE
8,532,625,700
8,287,260,818
-2.9%
23,395,875
8,310,666,693
-2.6%
25 SWEETWATER
1,759,085,298
1,846,873,965
5.0%
6,863,368
1,853,737,333
5.4%
26 VIRGINIA GARDENS
268,531,771
265,037,291
-1.3%
1,571,028
266.608,319
-0.7%
27 HIALEAH GARDENS
1,285,416,369
1,379,190,227
7.3%
3,638,071
1,382,828,298
7.6%
28AVENTURA
10,365,840,176
10,329,003,588
-0.4%
411,183,044
10,740,186,632
3.6%
30 UNINCORPORATED
76,772,241,745
81,520,367,495
6.2%
841,595,216
82,361,962,711
7.3%
31 SUNNY ISLES BEACH
11,120,535,585
10,648,993,425
-4.2%
919,602,238
11,568,495,663
4.0%
32 MIAMI LAKES
3,213,878,488
3,310,347,187
3.0%
55,244,829
3,365,592,016
4.7%
33 PALMETTO BAY
2,930,712,611
3,044,538,230
3.9%
9,112,812
3,053,651,042
4.2%
34 MIAMI GARDENS
4,576,969,590
4,917,388,335
7.4%
38,252,084
4,955,640,419
8.3%
35 DORAL
13,185,785,200
13,507,424,567
2.4%
208,206,019
13,715.630,586
4.0%
36 CUTLER BAY
2,517,709,992
2,639,475,462
4.8%
11,037,160
2,650,512,622
5.3%
COUNTY -WIDE
290,087,138,467
301,253,121,697
3.8%
7,388,336,021
308,641,457,718
6.4%
FIRE AND RESCUE
163,103,694,160
169,912,476,773
4.2%
3,325,122,337
173,237,599,110
6.2%
LIBRARY
264,182,697,102
274,215,219,219
3.8%
6,747,098,317
280,962,317,536
6.4%
SCHOOLBOARD
322,193,015,087
332,198,181,741
3.1%
7,395,000,697
339,593,182,438
5.4%
S FL WATER MNGT DIST
292,338,015,696
303,510,784,452
3.8%
7,395,000,697
310,905,785,149
6.4%
FL INLAND NAV DIST
2923
303,510,784,452
3.8%
7,395,000,697
310,905,785,149
6.4%5,696
CHILDREN'S TRUST
22,338,01
03510,784,452
3.8%
7,395,000,697
310,905,785,149
6.4%THE
21
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2019 PRELIMINARYAVERAGE AND MEDIAN HOMESTEAD RESIDENTIAL VALUES 4;m4
JULY 12019 Via'
Average Values
Median Values
Municipality
Count
Just
Assessed
Taxable
Just
Assessed
Taxable
01
CITY OF MIAMI
37,731
383,776
237,226
184,279
267,196
146,348
90,845
02
CITY OF MIAMI BEACH
13,367
952,094
554,373
500,407
409,473
249,172
195,522
03
CITY OF CORAL GABLES
10,430
1.062,726
707,640
654,191
721,371
450,017
398,818
04
CITY OF HIALEAH
31,920
204,472
122,377
66,390
210,034
117,643
53,180
05
CITY OF MIAMI SPRINGS
2,992
343,757
219,097
165,136
326,147
199,201
147,179
06
CITY OF NORTH MIAMI
7,793
261,538
143,710
95,735
174,515
90,365
37,375
07
CITY OF NORTH MIAMI BEACH
6,413
234,846
136,211
86,696
183,791
91,071
38,690
08
CITY OF OPA-LOCKA
1,435
148.072
73,840
31,540
142,638
66,024
25,000
09
CITY OF SOUTH MIAMI
2,414
499,850
304,041
251,456
432,860
244.546
192,478
10
CITY OF HOMESTEAD
8,266
173,286
125,480
77,258
167,611
118,897
67,237
11
MIAMI SHORES VILLAGE
2,875
467,189
284,082
234,089
410,314
243.835
193,365
12
BAL HARBOUR VILLAGE
680
1,640,542
1,045,646
994.340.
1,289,494
645,290
595,090
13
TOWN OF BAY HARBOR ISLANDS
1,020
676,583
355.154
303,118
278,333
173,337
120,347
14
TOWN OF SURFSIDE
1,283
654,369
381,931
327,427
544,440
303,754
250,561
15
CITY OF WEST MIAMI
1,144
288,865
174,749
113,938
281,358
153,270
97,552
16
CITY OF FLORIDA CITY
775
122,026
58,252
25,721
114,124
47,998
22,747
17
VILLAGE OF BISCAYNE PARK
712
387,301
219,915
167,132
357,206
187,895
136,283
18
VILLAGE OF EL PORTAL
548
333.273
178,404
125,246
308,391
147,148
96,332
19
TOWN OF GOLDEN BEACH
242
3,792,898
2,114,278
2,063,041
2.949,510
1,316,900
1,266,900
20
VILLAGE OF PINECREST
4,465
972,096
707,184
654,319
790,938
525,608
474,670
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
141,078
84,880
39,419
125,177
68,411
25,000
23
CITY OF NORTH BAY VILLAGE
1,097
346,134
226,303
175,134
251,948
168,422
115,398
24
VILLAGE OF KEY BISCAYNE
2,603
1,458,042
1,016,277
962,759
1,129,033
624,724
573,886
25
CITY OF SWEETWATER
1,764
197,378
113,861
59,528
173,545
100,813
38,711
26
VILLAGE OF VIRGINIA GARDENS
413
258,743
158,756
102,097
246,933
140,871
89,059
27
CITY OF HIALEAH GARDENS
3,897
210,116
125,356
73,821
204,292
111,048
55,525
28
CITY OFAVENTURA
8,474
383,504
305,200
253,847
263,459
211,260
159,047
30
MUNICIPAL SERVICE AREA
208,254
267,652
173.538
120,649
240,000
147.882
93,056
31
CITY OF SUNNY ISLES BEACH
3,797
559,683
400,424
344,001
291,140
204,448
147,850
32
TOWN OF MIAMI LAKES
6,599
355,001
244,553
190,658
330,618
219,462
167,365
33
VILLAGE OF PALMETTO BAY
6,308
466,466
336,654
284,191
• 450.505
312.919
262,083
34
CITY OF MIAMI GARDENS
19,468
181,022
104,647
54,277
179,902
96,989
43,518
35
CITY OF DORAL
7,150
328,241
271,352
219,273
297,000
245,858
193,343
36
TOWN OF CUTLER BAY
9,759
239,470
164,854
112,451
226,489
147,721
96,038
MIAMI-DADE COUNTYWIDE
416,159
343,132
221,330
168,518
242,200
148,717
94,083
Other Taxing Authorities
BOARD OF PUBLIC INSTRUCTION
416,159
343,132
221,344
195.495
242,200
148,733
123,033
SO FLORIDA WATER MANAGEMENT DIST
416,159
343,132
221,330
173,216
242,200
148,717
98,021
FLORIDA INLAND NAVIGATION DISTRICT
416.159
343,132
221,330
173,216
242,200
148,717
98,021
THE CHILDRENSTRUST
416.159
343,132
221,330
173,216
242,200
148,717
98,021
22
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2019 Senior and Long -Term Resident Senior Exemptions
JULY 1, 2018
LONG-TERM RESIDENT
SENIOR EXEMPTIONS
SENIOR EXEMPTIONS
Municipality
Count
Exemption Value
Count
Exemption Value
01 Miami
6,018
244,245,860
1,395
11,665,803
02 Miami Beach
1,032
42,629,823
114
454,478
03 Coral Gables
288
13,939,361
14
193,007
04 Hialeah
6,432
268,689,667
1,959
23,285,371
05 Miami Springs
206
9,778,867
0
0
06 North Miami
581
20,132,759
142
1,184,162
07 North Miami Beach
592
20,190,957
0
0
08 Opa-locka
157
4,259,434
64
27,132
09 South Miami
107
4,963,052
0
0
10 Homestead
395
12,966,095
38
217,063
11 Miami Shores
0
0
0
0
12 Bal Harbour
15
650,000
0
0
13 Bay Harbor Islands
63
2,393,147
3
94,272
14 Surfside
84
4,126,289
0
0
15 West Miami
233
11,491,959
0
0
16 Florida City
0
0
0
0
17 Biscayne Park
33
1,645,294
0
0
18 El Portal
34
1,518,788
0
0
19 Golden Beach
0
0
0
0
20 Pinecrest
53
2,407,626
1
0
21 Indian Creek
0
0
0
0
22 Medley
10
282,475
5
7,986
23 North Bay Villae
72
2,754,075
11
31,199
24 Key Biscayne
52
2,500,000
0
0
25 Sweetwater
330
13,801,580
0
0
26 Virginia Gardens
43
1,983,483
12
265,172
27 Hialeah Gardens
482
19,107,109
71
523,780
28 Aventura
729
17,443,702
0
0
30 Unincorporated
19,443
801,440,918
3,576
26,275,043
31 Sunny Isles Beach
483
21,702,174
0
0
32 Miami Lakes
403
18,716,156
12
109,024
33 Palmetto Bay
151
7,234,880
9
76,981
34 Miami Gardens
1,862
63,940,594
833
2,851,418
35 Doral
233
11,224,274
9
204,376
36 Cutler Bay
418
18,387,835
78
701,592
County
41,162
1,681,391,637
8,667
70,772,176
23
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2018 AND 2017 PRELIMINARY ROLL COMPARISION •
JUNE 28, 2018
2018 PRELIMINARY
ASSESSMENT
ROLL VALUES
2017 PRELIMINARY
ASSESSMENT
ROLL VALUES
REAL PROPERTY
PERS PROP
& CENT ASSD
GROSS
TAXABLE
REAL PROPERTY
PERS PROP
& CENT ASSD
GROSS
TAXABLE
CHANGE IN
GROSS TAXABLE
PCT
TAXING AUTHORITY
CITY 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 OPERATING
275,622,043,592
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 S 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
17,662,456,873
6.43%
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
17,662,456,873
6.43%
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 P1Nl.IC INSTRUCTION
307,727,920,212
14,465,094,875
1 322,193,015,087
291,619,889,665
1 13 505,868,134
305,125,757,799
17,067,257,288
5.59%
.P