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Res No 083-22-15836RESOLUTION NUMBER: 083-22-15836 A Resolution of the City of South Miami, Florida, relating to the City's 2022/2023 fiscal year budget; advising the Miami-Dade County Property Appraiser of its proposed millage rate of 3.9999 mills; its rolled-back rate of 3.8643 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, 2021; 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 foregoing recitals are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this resolution upon adoption hereof. Section 2. The City Administration shall advise the property appraiser that the proposed millage rate of the City of South Miami, Florida for the 2022/2023 fiscal year budget is 3.9999 mills which is a 3.51% increase over the rolled back rate and that the rolled-back rate, computed pursuant to sub-section (1) of Florida Statute 200.065, is 3.8643 mills. Section 3. 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 6, 2022, at 6 p.m., in the City Commission Chambers, 6130 Sunset Drive, South Miami, Florida or if the law requiring a quorum to be present is suspended by the Governor pursuant the Governor's emergency powers, then the hearing will be held on a Communication Media Technology (CMT) platform, such as Zoom.us. Second Budget Hearing, September 21, 2022, at 6 p.m., in the City Commission Chambers 6130 Sunset Drive, South Miami, Florida or if the law requiring a quorum to be present is suspended by the Governor pursuant the Governor's Page I of 2 Res. No. 083-22-15836 emerge n cy powers, then the hearin g wil l be h eld on a Communication Media Technology (CMT) platform, such as Zoom.us . Section 4. Corrections. Conforming language or technical scrivener-type co rrections ma y be made by the City Attorney for a ny conforming amendmen t s to be in co rp orated i nto the final resolution for signature. Section 5. Severability. If any sec tio n cla u se, se ntence, or p h rase of this resolutio n is for any reason he l d inva li d or unconstitutional by a court of competent jurisdiction, the hol ding will not affect the val id i ty of the remaining portions of this reso lutio n. Section 6 . Effective Date . Th i s r esolution wi ll become effective immediately upon adoption by vote of the City Commi ss ion. PASSED AND A DOPTED this 19th day of :!.!!!Y., 2022. ATTEST: READ A ND APPROVED AS TO FORM, LANGUAGE LEGALITY AND E Page 2 of 2 AP PR OVED: COMMISS ION VOTE: Mayor Philips: Commissione r Gil: 5-0 Yea Yea Co m m i ssioner Harris: Yea Commissioner Lie bman: Yea Commissioner Corey : Yea Agenda Item No:1. City Commission Agenda Item Report Meeting Date: July 19, 2022 Submitted by: Alfredo Riverol Submitting Department: City Manager Item Type: Resolution Agenda Section: Subject: A Resolution of the City of South Miami, Florida, relating to the City’s 2022/2023 fiscal year budget; advising the Miami-Dade County Property Appraiser of its proposed millage rate of 3.9999 mills; its rolled-back rate of 3.8643 mills, and announcing the date, time, and place of public hearing to consider the proposed millage rate and tentative budget. 3/5 (Commissioner Liebman) Suggested Action: Attachments: Millage Memo FY 23 FINAL.docx Millage Resolution FY 23 CArev.docx Trim Pkg 2022 (FY 2023).pdf MDC FY 23 Reports.pdf 1 Page 1 of 5 CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM To:The Honorable Mayor & Members of the City Commission From:Shari Kamali, ICMA-CM, City Manager Copy:Alfredo Riverol, CPA, CRFAC, CGFM, CGMA, Chief Financial Officer Date:July 19, 2022 Subject:Tentative Millage Rate for FY 2022-2023 Request:A Resolution of the City of South Miami, Florida, relating to the City’s 2022/2023 fiscal year budget; advising the Miami-Dade County Property Appraiser of its proposed millage rate of 3.9999 mills; its rolled-back rate of 3.8643 mills, and announcing the date, time, and place 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 $2,362,980,956. 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 commercialpersonal property. The Miami Dade Property Appraiser, not the City of South Miami, sets the assessable taxable property valuation, based on many factors including State Law such as Homestead exemptions, 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. Theamount of taxes paid by a property owner is determined by multiplying the millage rate, times each $1,000 of assessable property taxable value. 2 Page 2 of 5 Local jurisdictions, including municipalities, are required to establish and publish a maximum millage rate during the budget process as mandated 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, 2021) 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 reported to the Miami-Dade Property Appraiser. The City Commission can decrease the TRIM advertised rate during the budget process, but it cannot be increased except under extraordinary circumstances. At this point in the budget process the City is simply establishing a maximum millage rate for budget flexibility and advertising purposes. Financial Outlook for FY 2022-2023 Fiscal Year Most U.S. economists agree that the U.S. is in store for a recession next year. The U.S. consumer price for All Urban Consumers surged to 8.6% over year ended May 2022, the largest 12-month increase since the period ending December 1981. That means that the Federal Reserve’s efforts to slow down the economy over the past few months through two different interest rate hikes have yet to bear a measurable effect on inflation. The U.S. Energy Information Administration (EIA) expects a variety of U.S. energy prices to remain historically high through 2023, including oil, natural gas, coal, and electricity, according to the administration's June 2022 Short-Term Energy Outlook (STEO). In fiscal year 2021-2022, the City of South Miami Administration focused on reducing operational expenses in an effort to meet the reduction of the forecasted revenues for FY 2021 due to the COVID-19 pandemic, without increasing the millage rate and/or eliminating or reducing the current level of service provided to the City of South Miami residents. The City Administration currently forecasts, as of July 1, 2022, a 7% overall revenue increase from the adopted FY 2022 forecasted revenues for FY 2023 as Florida revenues are trending upward. The administration is maintaining a conservative approach to revenue increases and keeping operating expenses in line with the revenue increase. 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 3.8643. The City’s current millage rate of 4.3000 represents a 11.28% increase over the rolled-back rate. The millage being presented of 3.9999 versus the current year rolled-back millage rate represents 3.5% increase. 3 Page 3 of 5 Please find the Millage Calculation table below. MILLAGE CALCULATION COMPARISON (PROPOSED) ACCOUNT CLASSIFICATION ADOPTED MILLAGE FY 2021-2022 PROPOSED MILLAGE FY 2022-2023 EST. DIFF MILLAGE RATE 4.3000 3.9999 -6.98% REAL PROPERTY TAXABLE VALUE 2,037,154,490 2,280,216,928 11.93% PERSONAL PROPERTY TAXABLE VALUE 71,322,001 82,764,028 16.04% TOTAL TAXABLE VALUE (REAL AND PERSONAL PROPERTY)2,108,476,491 2,362,980,956 12.07% AD VALOREM REVENUE 9,066,449 9,451,688 385,239 95% OF TAXABLE VALUE (TO ALLOW FOR DELETIONS & DELINQUENCIES)8,613,126 8,979,103 $365,977 MILLAGE CALCULATION (ROLLED-BACK) ACCOUNT CLASSIFICATION ROLLED- BACK MILLAGE FY 2021-2022 ROLLED-BACK MILLAGE FY 2022-2023 EST. DIFF MILLAGE RATE 4.1520 3.8643 -6.93% REAL PROPERTY TAXABLE VALUE 2,037,154,490 2,280,216,928 11.93% PERSONAL PROPERTY TAXABLE VALUE 71,322,001 82,764,028 16.04% TOTAL TAXABLE VALUE (REAL AND PERSONAL PROPERTY)2,108,476,491 2,362,980,956 12.07% AD VALOREM REVENUE 8,754,394 9,131,267 376,873 95% OF TAXABLE VALUE (TO ALLOW FOR DELETIONS & DELINQUENCIES)8,316,675 8,674,704 $358,029 DIFFERENCE -304,399 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. This millage rate will allow the City to proceed with necessary services, operations, and on-going projects and help maintain the City’s financial position for the future. 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 22-23 budget hearings in September of 2022 only for rates lower than what is set tonight by the attached Resolution. 4 Page 4 of 5 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 Thursday, August 4, 2022 10 AM City of South Miami City Hall Commission Chambers or Zoom 6130 Sunset Drive South Miami, FL 33143 Additionally, the required budget hearings are proposed for the following dates: First Budget Hearing Tuesday, September 6, 2022 6 PM City of South Miami City Hall Commission Chambers or Zoom 6130 Sunset Drive South Miami, FL 33143 Second Budget Hearing Wednesday, September 21, 2022 6 PM City of South Miami City Hall Commission Chambers or Zoom 6130 Sunset Drive South Miami, FL 33143 5 Page 5 of 5 NOTE: Pertinent meetings scheduled as of this date include: Miami-Dade County Budget Hearings: 9-08-22 and 9-20-22 Miami-Dade County School Board Budget Hearings: 7-27-22 and 9-07-22 Attachments Proposed Resolution State of Florida DRAFT Forms (DR-420 & DR-420MM-P) 2022 Miami-Dade County Property Reports 6 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: 9,451,688 0 2,088,666,664 3.8643 CITY OF SOUTH MIAMI 4.3000 82,764,028 CITY OF SOUTH MIAMI 2,280,216,928 2,324,153,416 Reset Form 0 0 0 2,362,980,956 8,981,267 38,827,540 MIAMI-DADE 4 3.9999 4 2022 2,324,153,416 0 Print Form 8,981,267 9 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 : 9,451,688 4 305-663-6346 8,981,267 305-663-6343 4 9/6/2022 6130 SUNSET DRIVE6130 SUNSET DR 4 9,131,267 6130 Sunset Drive, South Miami, FL 33143 Phone: 305-663- 63436:00 PM EST SOUTH MIAMI, FL 33143 3.8643 SHARI KAMALI, CITY MANAGER 3.51 ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER 3.9999 10 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 11 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 2021 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 4.3000 CITY OF SOUTH MIAMI 2,324,153,416 CITY OF SOUTH MIAMI 9,498,629 2,088,666,664 0 Reset Form 1.0613 4 3.8643 4.5477 4 MIAMI-DADE 4.0869 3.9999 9,498,629 2022 2,362,980,956 4.7711 4.0869 4.3374 Print Form 4.3374 12 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 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 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 : 0 0 9,451,688 305-663-6346 6130 SUNSET DR SOUTH MIAMI, FL 33143 SHARI KAMALI, CITY MANAGER 4 9,451,688 10,249,194 10,249,194 ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER CITY OF SOUTH MIAMI 305-663-6343 6130 SUNSET DRIVE 13 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 2022 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 2021 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 2021 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/Forms.aspx 14 PERS PROP GROSS PERS PROP GROSS CHANGE IN TAXING AUTHORITY REAL PROPERTY & CENT ASSD TAXABLE REAL PROPERTY & CENT ASSD TAXABLE GROSS TAXABLE PCT CITY OF MIAMI 70,891,151,642 2,858,329,569 73,749,481,211 63,159,503,398 2,675,736,253 65,835,239,651 7,914,241,560 12.02% DOWNTOWN DEV AUTHORITY 23,353,494,454 1,249,039,349 24,602,533,803 21,458,421,555 1,189,667,465 22,648,089,020 1,954,444,783 8.63% CITY OF MIAMI BEACH 45,791,951,962 752,742,108 46,544,694,070 41,140,757,296 725,917,498 41,866,674,794 4,678,019,276 11.17% NORMANDY SHORES 305,165,239 307,673 305,472,912 248,717,331 138,923 248,856,254 56,616,658 22.75% CITY OF CORAL GABLES 19,743,728,759 357,280,828 20,101,009,587 17,774,827,280 350,297,460 18,125,124,740 1,975,884,847 10.90% CITY OF HIALEAH 14,523,534,895 846,336,204 15,369,871,099 12,824,900,473 750,018,790 13,574,919,263 1,794,951,836 13.22% CITY OF MIAMI SPRINGS 1,353,595,991 96,210,140 1,449,806,131 1,240,517,927 96,957,919 1,337,475,846 112,330,285 8.40% CITY OF NORTH MIAMI 4,425,478,056 179,966,544 4,605,444,600 3,814,093,740 165,855,237 3,979,948,977 625,495,623 15.72% CITY OF NORTH MIAMI BEACH 3,943,582,612 169,843,340 4,113,425,952 3,517,383,028 148,098,668 3,665,481,696 447,944,256 12.22% CITY OF OPA-LOCKA 1,212,543,714 338,844,476 1,551,388,190 1,057,531,091 260,388,437 1,317,919,528 233,468,662 17.71% CITY OF SOUTH MIAMI 2,280,216,928 82,764,028 2,362,980,956 2,037,154,490 71,322,001 2,108,476,491 254,504,465 12.07% CITY OF HOMESTEAD 4,218,009,838 142,601,938 4,360,611,776 3,610,760,249 137,963,609 3,748,723,858 611,887,918 16.32% MIAMI SHORES VILLAGE 1,508,571,438 26,892,860 1,535,464,298 1,290,977,319 26,476,479 1,317,453,798 218,010,500 16.55% BAL HARBOUR VILLAGE 5,695,404,575 78,797,301 5,774,201,876 5,194,694,956 68,381,187 5,263,076,143 511,125,733 9.71% TOWN OF BAY HARBOR ISLANDS 1,612,629,990 20,173,228 1,632,803,218 1,356,365,268 18,119,124 1,374,484,392 258,318,826 18.79% TOWN OF SURFSIDE 3,614,035,051 37,013,579 3,651,048,630 3,253,692,806 38,566,875 3,292,259,681 358,788,949 10.90% CITY OF WEST MIAMI 803,694,093 25,099,763 828,793,856 696,097,715 25,178,358 721,276,073 107,517,783 14.91% CITY OF FLORIDA CITY 855,928,181 69,553,524 925,481,705 637,029,757 60,091,499 697,121,256 228,360,449 32.76% VILLAGE OF BISCAYNE PARK 304,902,442 4,805,247 309,707,689 265,610,128 4,504,568 270,114,696 39,592,993 14.66% VILLAGE OF EL PORTAL 222,511,268 3,729,234 226,240,502 191,832,714 3,554,909 195,387,623 30,852,879 15.79% TOWN OF GOLDEN BEACH 1,436,313,749 2,108,588 1,438,422,337 1,193,275,632 2,076,897 1,195,352,529 243,069,808 20.33% VILLAGE OF PINECREST 6,010,766,055 55,944,153 6,066,710,208 5,325,043,375 52,964,069 5,378,007,444 688,702,764 12.81% VILLAGE OF INDIAN CREEK 827,984,658 3,986,787 831,971,445 719,470,729 3,690,509 723,161,238 108,810,207 15.05% TOWN OF MEDLEY 2,839,661,265 365,580,899 3,205,242,164 2,486,598,155 347,302,107 2,833,900,262 371,341,902 13.10% NORTH BAY VILLAGE 1,281,200,595 29,899,852 1,311,100,447 1,090,947,795 28,831,101 1,119,778,896 191,321,551 17.09% VILLAGE OF KEY BISCAYNE 9,049,058,784 47,436,400 9,096,495,184 8,222,512,910 46,599,237 8,269,112,147 827,383,037 10.01% CITY OF SWEETWATER 2,925,966,370 381,192,661 3,307,159,031 1,870,913,542 175,961,811 2,046,875,353 1,260,283,678 61.57% VILLAGE OF VIRGINIA GARDENS 231,048,445 141,440,856 372,489,301 211,196,247 100,974,014 312,170,261 60,319,040 19.32% CITY OF HIALEAH GARDENS 1,654,280,623 114,502,954 1,768,783,577 1,484,838,791 111,555,711 1,596,394,502 172,389,075 10.80% CITY OF AVENTURA 11,042,467,305 325,924,234 11,368,391,539 10,150,313,507 301,043,151 10,451,356,658 917,034,881 8.77% CITY OF SUNNY ISLES BEACH 13,688,565,955 93,229,085 13,781,795,040 12,547,408,083 88,434,603 12,635,842,686 1,145,952,354 9.07% TOWN OF MIAMI LAKES 3,917,377,348 213,663,865 4,131,041,213 3,571,438,616 195,932,950 3,767,371,566 363,669,647 9.65% VILLAGE OF PALMETTO BAY 3,643,143,967 71,230,083 3,714,374,050 3,296,155,136 70,825,223 3,366,980,359 347,393,691 10.32% CITY OF MIAMI GARDENS 6,354,159,737 514,796,436 6,868,956,173 5,276,278,212 446,892,283 5,723,170,495 1,145,785,678 20.02% CITY OF DORAL 15,829,847,816 779,533,133 16,609,380,949 14,120,297,868 770,828,678 14,891,126,546 1,718,254,403 11.54% TOWN OF CUTLER BAY 3,175,372,304 86,431,753 3,261,804,057 2,831,267,639 84,916,326 2,916,183,965 345,620,092 11.85% COUNTY OPERATING 360,428,313,937 17,469,082,107 377,897,396,044 321,388,435,522 16,580,258,828 337,968,694,350 39,928,701,694 11.81% MUNICIPAL SERVICE AREA 93,672,596,351 8,151,196,457 101,823,792,808 84,071,165,750 8,124,001,287 92,195,167,037 9,628,625,771 10.44% FIRE & RESCUE 200,558,002,612 12,606,956,998 213,164,959,610 178,385,616,392 12,031,689,590 190,417,305,982 22,747,653,628 11.95% LIBRARY 322,639,486,456 15,987,630,341 338,627,116,797 288,012,272,015 15,244,897,983 303,257,169,998 35,369,946,799 11.66% SO FL WATER MGMT DIST 362,464,049,858 17,469,082,107 379,933,131,965 323,480,175,789 16,580,258,828 340,060,434,617 39,872,697,348 11.73% EVERGLADES CONSTR PROJECT 362,464,049,858 17,469,082,107 379,933,131,965 323,480,175,789 16,580,258,828 340,060,434,617 39,872,697,348 11.73% OKEECHOBEE BASIN 362,464,049,858 17,469,082,107 379,933,131,965 323,480,175,789 16,580,258,828 340,060,434,617 39,872,697,348 11.73% FL INLAND NAVIGATION DIST 362,464,049,858 17,469,082,107 379,933,131,965 323,480,175,789 16,580,258,828 340,060,434,617 39,872,697,348 11.73% CHILDREN'S TRUST 362,464,049,858 17,469,082,107 379,933,131,965 323,480,175,789 16,580,258,828 340,060,434,617 39,872,697,348 11.73% BOARD OF PUBLIC INSTRUCTION 411,367,922,232 17,469,082,107 428,837,004,339 349,534,217,436 16,580,287,590 366,114,505,026 62,722,499,313 17.13% 2022 PRELIMINARY ASSESSMENT ROLL VALUES 2021 PRELIMINARY ASSESSMENT ROLL VALUES MIAMI-DADE COUNTY PROPERTY APPRAISER July 1, 2022 2022 AND 2021 PRELIMINARY ROLL COMPARISION 15 Count Just Assessed Taxable Just Assessed Taxable 01 CITY OF MIAMI 39,198 515,242 308,420 254,649 370,441 192,916 139,363 02 CITY OF MIAMI BEACH 13,263 1,218,013 718,197 664,556 467,504 292,336 240,385 03 CITY OF CORAL GABLES 10,574 1,343,777 840,227 786,974 926,621 527,471 476,789 04 CITY OF HIALEAH 31,819 291,314 155,940 99,001 300,776 141,848 82,014 05 CITY OF MIAMI SPRINGS 2,974 467,926 265,450 211,301 445,501 239,856 186,901 06 CITY OF NORTH MIAMI 7,859 397,941 192,678 142,268 284,423 112,608 60,005 07 CITY OF NORTH MIAMI BEACH 6,388 360,317 179,995 128,504 304,424 114,285 60,560 08 CITY OF OPA-LOCKA 1,483 229,970 104,017 57,239 226,500 81,069 28,033 09 CITY OF SOUTH MIAMI 2,400 676,637 395,628 343,220 588,219 314,133 263,488 10 CITY OF HOMESTEAD 10,162 289,467 173,376 121,148 282,342 164,686 110,948 11 MIAMI SHORES VILLAGE 2,854 707,078 375,122 324,066 632,789 310,493 259,960 12 BAL HARBOUR VILLAGE 652 2,021,973 1,327,468 1,276,989 1,384,800 794,915 744,665 13 TOWN OF BAY HARBOR ISLANDS 1,032 764,990 445,498 393,654 319,400 208,781 157,033 14 TOWN OF SURFSIDE 1,222 1,053,152 670,520 615,800 683,722 365,029 311,505 15 CITY OF WEST MIAMI 1,151 410,344 221,031 161,266 396,156 187,692 133,328 16 CITY OF FLORIDA CITY 1,171 244,707 139,922 97,630 230,560 112,943 61,791 17 VILLAGE OF BISCAYNE PARK 701 560,552 284,986 231,676 513,214 239,902 185,818 18 VILLAGE OF EL PORTAL 558 528,575 241,553 187,608 495,628 192,382 140,951 19 TOWN OF GOLDEN BEACH 232 4,622,792 2,608,574 2,558,539 3,403,842 1,745,731 1,695,731 20 VILLAGE OF PINECREST 4,447 1,345,334 856,276 803,246 1,109,603 629,613 577,691 21 VILLAGE OF INDIAN CREEK 14 34,031,261 13,676,848 13,610,975 34,951,991 12,802,215 12,752,215 22 TOWN OF MEDLEY 53 196,627 102,602 53,681 176,184 91,806 34,280 23 CITY OF NORTH BAY VILLAGE 1,204 403,814 262,199 210,026 276,500 204,325 151,796 24 VILLAGE OF KEY BISCAYNE 2,634 1,674,962 1,160,570 1,107,002 1,151,663 713,792 661,706 25 CITY OF SWEETWATER 1,713 274,206 138,593 82,757 237,000 119,792 52,335 26 VILLAGE OF VIRGINIA GARDENS 408 356,124 195,908 139,811 345,249 166,510 113,896 27 CITY OF HIALEAH GARDENS 3,831 295,670 156,455 103,269 281,250 130,233 74,687 28 CITY OF AVENTURA 8,725 424,235 333,703 282,207 290,184 233,950 181,861 30 MUNICIPAL SERVICE AREA 214,656 385,629 215,571 161,579 350,402 183,505 129,351 31 CITY OF SUNNY ISLES BEACH 3,869 691,378 521,596 466,419 332,760 246,170 192,849 32 TOWN OF MIAMI LAKES 6,779 468,076 291,716 237,353 445,973 260,168 207,890 33 VILLAGE OF PALMETTO BAY 6,354 643,802 400,719 347,432 623,371 370,892 319,068 34 CITY OF MIAMI GARDENS 20,195 280,180 136,201 84,213 277,176 117,085 63,710 35 CITY OF DORAL 9,026 422,735 316,773 263,700 365,430 283,386 231,994 36 TOWN OF CUTLER BAY 10,249 373,516 208,680 155,353 363,527 187,338 135,001 99 MIAMI-DADE COUNTYWIDE 429,850 470,685 274,801 220,980 348,001 187,827 134,079 111 BOARD OF PUBLIC INSTRUCTION 429,850 470,685 274,853 248,565 348,001 187,872 161,760 140 SO FLORIDA WATER MANAGEMENT DIST 429,850 470,685 274,801 225,258 348,001 187,827 136,739 130 FLORIDA INLAND NAVIGATION DISTRICT 429,850 470,685 274,801 225,258 348,001 187,827 136,739 160 THE CHILDRENS' TRUST 429,850 470,685 274,801 225,258 348,001 187,827 136,739 260 MIAMI-DADE FIRE & RESCUE DISTRICT 332,362 415,458 239,513 185,965 345,673 186,040 132,346 240 MIAMI-DADE LIBRARY DISTRICT 368,894 488,109 287,292 233,596 358,330 196,372 143,020 Average Values Median Values Other Taxing Authorities Municipality MIAMI-DADE COUNTY PROPERTY APPRAISER JULY 1 2022 2022 PRELIMINARY AVERAGE AND MEDIAN HOMESTEAD RESIDENTIAL VALUES 16 Count Just Assessed Taxable Just Assessed Taxable 01 CITY OF MIAMI 100,244 465,457 359,269 337,494 333,313 248,432 234,711 02 CITY OF MIAMI BEACH 49,429 861,557 682,026 667,145 319,897 281,687 268,606 03 CITY OF CORAL GABLES 16,450 1,199,549 849,359 813,859 770,200 491,277 455,113 04 CITY OF HIALEAH 51,683 264,320 171,121 135,941 268,225 145,805 118,130 05 CITY OF MIAMI SPRINGS 3,796 445,175 277,397 234,752 434,854 257,114 205,448 06 CITY OF NORTH MIAMI 14,262 328,657 198,745 170,625 248,559 121,437 100,917 07 CITY OF NORTH MIAMI BEACH 12,873 331,071 219,839 193,998 280,711 132,197 114,061 08 CITY OF OPA-LOCKA 2,694 210,899 122,303 96,281 208,251 111,050 89,494 09 CITY OF SOUTH MIAMI 3,652 593,056 396,872 362,368 531,562 315,757 272,963 10 CITY OF HOMESTEAD 19,467 251,156 172,865 145,555 236,251 157,565 129,177 11 MIAMI SHORES VILLAGE 3,688 682,232 409,432 367,860 607,150 338,352 288,844 12 BAL HARBOUR VILLAGE 3,379 1,620,197 1,389,442 1,379,701 883,500 716,381 710,600 13 TOWN OF BAY HARBOR ISLANDS 2,731 590,473 447,835 428,244 301,000 247,284 233,456 14 TOWN OF SURFSIDE 3,366 1,164,325 960,340 939,998 659,029 419,700 400,053 15 CITY OF WEST MIAMI 1,504 404,361 250,749 205,011 391,594 231,385 176,303 16 CITY OF FLORIDA CITY 2,476 227,618 154,674 133,335 222,720 140,360 128,650 17 VILLAGE OF BISCAYNE PARK 861 554,892 316,932 273,529 510,331 280,366 236,048 18 VILLAGE OF EL PORTAL 701 530,953 286,923 243,982 496,450 251,365 201,365 19 TOWN OF GOLDEN BEACH 345 5,371,700 3,767,969 3,729,903 3,719,555 2,498,617 2,495,308 20 VILLAGE OF PINECREST 5,939 1,289,950 897,413 855,992 1,054,782 650,987 604,905 21 VILLAGE OF INDIAN CREEK 29 32,883,237 20,388,815 20,357,014 33,204,195 18,181,568 18,181,568 22 TOWN OF MEDLEY 80 186,180 116,393 83,983 165,849 102,403 70,707 23 CITY OF NORTH BAY VILLAGE 3,552 327,215 265,733 248,049 242,700 208,425 189,585 24 VILLAGE OF KEY BISCAYNE 7,054 1,487,156 1,219,229 1,198,085 890,820 739,500 725,945 25 CITY OF SWEETWATER 2,745 252,748 159,348 124,068 228,495 141,250 120,783 26 VILLAGE OF VIRGINIA GARDENS 566 329,743 206,353 165,915 332,520 171,729 124,619 27 CITY OF HIALEAH GARDENS 5,663 270,651 168,287 132,307 268,520 143,321 106,761 28 CITY OF AVENTURA 24,356 401,408 352,568 334,044 277,901 250,608 236,649 30 MUNICIPAL SERVICE AREA 323,235 352,066 226,712 190,532 315,000 188,265 154,330 31 CITY OF SUNNY ISLES BEACH 18,860 747,796 674,261 662,837 355,000 312,400 305,307 32 TOWN OF MIAMI LAKES 9,430 430,229 295,507 256,122 411,698 261,046 217,724 33 VILLAGE OF PALMETTO BAY 8,017 608,169 405,393 362,225 605,069 374,047 326,556 34 CITY OF MIAMI GARDENS 28,893 269,257 153,911 114,943 268,551 131,332 88,712 35 CITY OF DORAL 22,965 373,536 315,108 294,163 321,975 280,569 258,916 36 TOWN OF CUTLER BAY 14,385 350,881 220,511 182,377 347,084 199,026 160,600 99 MIAMI-DADE COUNTYWIDE 769,370 453,633 325,016 294,456 314,878 206,979 177,900 111 BOARD OF PUBLIC INSTRUCTION 769,370 453,633 344,210 328,945 314,878 218,753 203,944 140 SO FLORIDA WATER MANAGEMENT DIST 769,370 453,633 325,016 296,855 314,878 206,979 178,670 130 FLORIDA INLAND NAVIGATION DISTRICT 769,370 453,633 325,016 296,855 314,878 206,979 178,670 160 THE CHILDRENS' TRUST 769,370 453,633 325,016 296,855 314,878 206,979 178,670 260 MIAMI-DADE FIRE & RESCUE DISTRICT 544,510 396,472 273,484 240,366 310,758 197,178 165,000 240 MIAMI-DADE LIBRARY DISTRICT 660,652 468,632 337,161 306,657 322,988 216,134 188,047 Average Values Median Values Other Taxing Authorities Municipality MIAMI-DADE COUNTY PROPERTY APPRAISER JULY 1 2022 2022 PRELIMINARY AVERAGE AND MEDIAN RESIDENTIAL VALUES 17 2021 2022 2022 PRELIMINARY TAXABLE VALUE PRELIMINARY PERCENT TAXABLE BEFORE NEW PERCENT NEW TAXABLE CHANGE TAXING AUTHORITY VALUE CONSTRUCTION CHANGE CONSTRUCTION VALUE FROM 2021 01 MIAMI 65,835,239,651 72,032,431,678 9.4% 1,717,049,533 73,749,481,211 12.0% 0101 MIAMI ( DDA ) 22,648,089,020 24,259,905,056 7.1% 342,628,747 24,602,533,803 8.6% 02 MIAMI BEACH 41,866,674,794 45,828,304,965 9.5% 716,389,105 46,544,694,070 11.2% 0201 MB NORMANDY SHORES 248,856,254 298,359,433 19.9% 7,113,479 305,472,912 22.8% 03 CORAL GABLES 18,125,124,740 19,782,597,174 9.1% 318,412,413 20,101,009,587 10.9% 04 HIALEAH 13,574,919,263 15,130,421,008 11.5% 239,450,091 15,369,871,099 13.2% 05 MIAMI SPRINGS 1,337,475,846 1,442,515,259 7.9% 7,290,872 1,449,806,131 8.4% 06 NORTH MIAMI 3,979,948,977 4,534,978,334 13.9% 70,466,266 4,605,444,600 15.7% 07 NORTH MIAMI BEACH 3,665,481,696 4,085,715,224 11.5% 27,710,728 4,113,425,952 12.2% 08 OPA-LOCKA 1,317,919,528 1,485,648,776 12.7% 65,739,414 1,551,388,190 17.7% 09 SOUTH MIAMI 2,108,476,491 2,324,153,416 10.2% 38,827,540 2,362,980,956 12.1% 10 HOMESTEAD 3,748,723,858 4,205,238,091 12.2% 155,373,685 4,360,611,776 16.3% 11 MIAMI SHORES 1,317,453,798 1,525,189,525 15.8% 10,274,773 1,535,464,298 16.5% 12 BAL HARBOUR 5,263,076,143 5,747,224,009 9.2% 26,977,867 5,774,201,876 9.7% 13 BAY HARBOR ISLANDS 1,374,484,392 1,544,471,761 12.4% 88,331,457 1,632,803,218 18.8% 14 SURFSIDE 3,292,259,681 3,649,268,996 10.8% 1,779,634 3,651,048,630 10.9% 15 WEST MIAMI 721,276,073 825,502,489 14.5% 3,291,367 828,793,856 14.9% 16 FLORIDA CITY 697,121,256 818,169,163 17.4% 107,312,542 925,481,705 32.8% 17 BISCAYNE PARK 270,114,696 308,202,598 14.1% 1,505,091 309,707,689 14.7% 18 EL PORTAL 195,387,623 225,400,602 15.4% 839,900 226,240,502 15.8% 19 GOLDEN BEACH 1,195,352,529 1,427,090,298 19.4% 11,332,039 1,438,422,337 20.3% 20 PINECREST 5,378,007,444 5,960,514,241 10.8% 106,195,967 6,066,710,208 12.8% 21 INDIAN CREEK 723,161,238 832,690,987 15.1% -719,542 831,971,445 15.0% 22 MEDLEY 2,833,900,262 3,184,588,695 12.4% 20,653,469 3,205,242,164 13.1% 23 N. BAY VILLAGE 1,119,778,896 1,310,746,908 17.1% 353,539 1,311,100,447 17.1% 24 KEY BISCAYNE 8,269,112,147 9,074,001,912 9.7% 22,493,272 9,096,495,184 10.0% 25 SWEETWATER 2,046,875,353 2,266,348,207 10.7% 1,040,810,824 3,307,159,031 61.6% 26 VIRGINIA GARDENS 312,170,261 372,399,047 19.3% 90,254 372,489,301 19.3% 27 HIALEAH GARDENS 1,596,394,502 1,739,385,653 9.0% 29,397,924 1,768,783,577 10.8% 28 AVENTURA 10,451,356,658 11,302,394,457 8.1% 65,997,082 11,368,391,539 8.8% 30 UNINCORPORATED 92,195,167,037 101,450,834,677 10.0% 372,958,131 101,823,792,808 10.4% 31 SUNNY ISLES BEACH 12,635,842,686 13,584,165,132 7.5% 197,629,908 13,781,795,040 9.1% 32 MIAMI LAKES 3,767,371,566 4,108,521,733 9.1% 22,519,480 4,131,041,213 9.7% 33 PALMETTO BAY 3,366,980,359 3,701,184,298 9.9% 13,189,752 3,714,374,050 10.3% 34 MIAMI GARDENS 5,723,170,495 6,489,551,338 13.4% 379,404,835 6,868,956,173 20.0% 35 DORAL 14,891,126,546 16,226,058,578 9.0% 383,322,371 16,609,380,949 11.5% 36 CUTLER BAY 2,916,183,965 3,252,128,259 11.5% 9,675,798 3,261,804,057 11.9% COUNTY-WIDE 337,968,694,350 372,037,202,426 10.1%5,860,193,618 377,897,396,044 11.8% FIRE AND RESCUE 190,417,305,982 210,318,560,406 10.5% 2,846,399,204 213,164,959,610 11.9% LIBRARY 303,257,169,998 333,298,790,729 9.9% 5,328,326,068 338,627,116,797 11.7% SCHOOL BOARD 366,114,505,026 422,969,523,452 15.5% 5,867,480,887 428,837,004,339 17.1% S FL WATER MNGT DIST 340,060,434,617 374,065,660,186 10.0% 5,867,471,779 379,933,131,965 11.7% FL INLAND NAV DIST 340,060,434,617 374,065,660,186 10.0% 5,867,471,779 379,933,131,965 11.7% THE CHILDREN'S TRUST 340,060,434,617 374,065,660,186 10.0% 5,867,471,779 379,933,131,965 11.7% MIAMI-DADE COUNTY PROPERTY APPRAISER 2022 Taxable Values by Taxing Authority JULY 1, 2022 18 MIAMI-DADE COUNTY PROPERTY APPRAISER 2022 ASSESSMENT ROLL CHANGE BY PROPERTY TYPE July 1, 2022 2022 TAXABLE PROPERTY TYPE COUNT JUST VALUE TAXABLE VALUE JUST VALUE TAXABLE VALUE VALUE DIFF PCT NEW CONS SINGLE FAMILY 2,871 1,603,406,221 1,036,054,012 1,989,668,721 1,182,141,429 146,087,417 14.1%7,782,548 CONDOMINIUM 781 152,987,668 129,003,504 176,170,673 141,228,303 12,224,799 9.5%0 MULTI FAMILY 92 201,664,848 187,714,803 214,484,774 198,799,730 11,084,927 5.9%0 COMMERCIAL 627 645,038,736 600,838,108 733,747,072 644,913,221 44,075,113 7.3%3,253,031 INDUSTRIAL 27 18,206,228 15,651,238 18,615,575 16,080,507 429,269 2.7%0 AGRICULTURE 2 3,865,094 1,858,307 4,908,575 1,916,879 58,572 3.2%0 VACANT LAND 202 65,011,341 56,435,043 71,541,473 58,188,131 1,753,088 3.1%-301,466 INSTITUTIONAL 35 102,437,143 8,615,039 106,360,313 8,691,257 76,218 0.9%0 GOVERNMENTAL 46 111,406,684 43,470 113,434,870 0 -43,470 -100.0%0 OTHER PROPERTIES 13 2,134,062 940,966 30,818,561 28,257,471 27,316,505 2903.0%27,302,703 REAL ESTATE PARCELS 4,696 2,906,158,025 2,037,154,490 3,459,750,607 2,280,216,928 243,062,438 11.9%38,036,816 PERS PROP & CENT ASSD 140,643,686 71,322,001 152,618,654 82,764,028 11,442,027 16.0%790,724 ALL ASSESSED PROPERTY 3,046,801,711 2,108,476,491 3,612,369,261 2,362,980,956 254,504,465 12.1%38,827,540 2022 City of South Miami Preliminary Assessment Roll Values and Comparison 2021 PRELIMINARY VALUES 2022 PRELIMINARY VALUES 19 Millage Municipalities or Other Total Millage Total Millage Code County Areas City / UMSA Millage Debt Service Misc. Millage Operating Millage Voted Operating Debt Service So Fla Wtr Mgnt Evr Proj Okeechobee Basin FIND County Millage Debt Service Fire & Rescue Library Children's Trust 2021 2020 0100 Miami 7.6665 0.3235 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 0.2840 0.5000 21.2466 21.2981 0101 Miami (DDA)7.6665 0.3235 0.4681 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 0.2840 0.5000 21.7147 21.7662 0200 Miami Beach 5.7626 0.2889 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 0.2840 0.5000 19.3081 19.3596 0201 Miami Beach 5.7626 0.2889 1.0659 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 0.2840 0.5000 20.3740 19.4369 0300 Coral Gables 5.5590 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 0.2840 0.5000 18.8156 18.8671 0400 Hialeah 6.3018 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 0.5000 19.2744 19.3259 0500 Miami Springs 7.2095 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 22.8868 23.0588 0600 North Miami 7.5000 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.5000 22.8933 22.9448 0700 North Miami Beach 6.2000 0.5740 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.5000 22.1673 22.2469 0701 North Miami Beach 0.5740 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.5000 15.9673 16.0469 0800 Opa-Locka 9.6500 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 25.3273 25.5288 0900 South Miami 4.3000 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 19.9773 20.0288 1000 Homestead 6.2055 0.4150 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.5000 22.0138 22.0988 1100 Miami Shores 7.9000 0.3638 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.5000 23.6571 23.7221 1200 Bal Harbour 1.9654 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.5000 17.3587 17.4102 1300 Bay Harbor Island 3.5900 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 19.2673 19.3533 1400 Surfside 4.2000 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.5000 19.5933 19.7947 1500 West Miami 6.8858 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 22.5631 22.6146 1600 Florida City 7.2946 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 22.9719 23.0234 1700 Biscayne Park 9.5000 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 25.1773 25.4288 1800 El Portal 8.3000 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 23.9773 24.0288 1900 Golden Beach 8.1363 0.2637 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 24.0773 24.1288 2000 Pinecrest 2.3500 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 18.0273 18.0788 2100 Indian Creek 6.3000 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 21.9773 22.0288 2200 Medley 3.9000 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 19.5773 20.5288 2300 North Bay Village 5.8484 0.9671 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 22.4928 22.3906 2400 Key Biscayne 3.1990 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 0.2840 0.5000 16.4556 16.5103 2500 Sweetwater 3.9948 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 19.6721 19.7236 2600 Virginia Gardens 4.9000 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 20.5773 20.7288 2700 Hialeah Gardens 5.1613 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 20.8386 20.8901 2800 Aventura 1.7261 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 17.4034 17.4549 3000 Uninc. County 1.9283 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 17.6056 17.6571 3100 Sunny Isles 2.1000 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 17.7773 17.9288 3200 Miami Lakes 2.3127 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 17.9900 18.0415 3300 Palmetto Bay 2.4000 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 18.0773 17.9638 3400 Miami Gardens 6.9363 0.7284 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 23.3420 23.4454 3500 Doral 1.9000 0.5360 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 18.1133 17.8082 3600 Cutler Bay 2.8332 6.0790 0.7500 0.1800 0.1061 0.0365 0.1146 0.0320 4.6669 0.5075 2.4207 0.2840 0.5000 18.5105 18.3486 2021 ADOPTED MILLAGE RATES City/ Unincorperated Millages School Millages Regional Millages County Wide Millages 20