LTC 185-2014 June 1, 2014 Preliminary Assessment Roll Estimate MIAMI BEACH
OFFICE OF THE CITY MANAGER
NO. LTC# LETTER TO COMMISSION
TO: Mayor Philip Levine and Member of the Ci Commission
FROM: Jimmy L. Morales, City Manager
DATE: June 2, 2014
SUBJECT: JUNE 1, 2014 PRELIMINARY AS ESSMENT ROLL ESTIMATE
The purpose of this Letter to Commission is to transmit the preliminary 2014 property
assessment values for the City of Miami Beach (attached). On July 1St, we will receive the
certified property assessment values, which will be the values used for budget purposes.
The preliminary figures are an estimate,which is subject to change. Typically the difference
between the preliminary and certified values is minor.
These values reflect an increase in existing property values from the 2013 Preliminary
Taxable Value ($24.656 billion)to the 2014 Estimated Taxable Value ($26.968 billion), an
increase of approximately 9.4%. Applying this increase to our General Fund Property Tax
revenues would result in an increase of approximately$11 million of tax revenue citywide.
Please note, however, the impact on the General Fund will be affected by the portion of the
changes that occurred inside the City's redevelopment areas (RDA areas)versus outside
the RDA areas, and could vary from the 9.4% Citywide. The breakdown between General
Fund and RDA areas are still pending. We have typically received the RDA component of
these values with the July 1St values and will provide any updated analysis at that time.
Also, attached is a summary of the 2014 preliminary property assessment values for all
municipalities.
If you have any questions or need additional information, please feel free to contact me.
JM/JW Q�
Attachments
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MIAMI-DADE COUNTY
PROPERTY APPRAISER
2014 Estimated Taxable Values by Taxing Authority ^,
JUNE 1,2014
2013 2014 ESTIMATED
PRELIMINARY TAXABLE VALUE 2014 PERCENT
TAXABLE BEFORE NEW PERCENT NEW JUNE 1ST CHANGE
TAXING AUTORITY VALUE CONSTRUCTION CHANGE CONSTRUCTION ESTIMATE FROM 2013
01 MIAMI 32,735,569,577 34,936,000,000 6.7% 281,000,000 35,217,000,000 7.6%
011 MIAMI(DDA) 12,477,077,438 13,348,000,000 7.0% 24,000,000 13,372,000,000 7.2%
02 MIAMI BEACH 24,656,576,889 26,857,000,000 8.9% 111,000,000 26,968,000,000 9.4%
0201 MB NORMANDY SHORES 121,339,865 134,000,000 10.4% 0 134,000,000 10.4%
03 CORAL GABLES 12,280,770,590 12,708,000,000 3.5% 140,000,000 12,848,000,000 4.6%
04 HIALEAH 6,971,712,847 7,286,000,000 4.5% 16,000,000 7,302,000,000 4.7%
05 MIAMI SPRINGS 910,262,509 937,000,000 2.9% 5,000,000 942,000,000 3.5%
06 NORTH MIAMI 2,085,026,011 2,190,000,000 5.0% 10,000,000 2,200,000,000 5.5%
07 NORTH MIAMI BEACH 1,740,998,099 1,866,000,000 7.2% 3,000,000 1,869,000,000 7.4%
08 OPA-LOCKA 659,709,852 648,000,000 -1.8% 2,000,000 650,000,000 -1.5%
09 SOUTH MIAMI 1,433,343,727 1,476,000,000 3.0% 5,000,000 1,481,000,000 3.3%
10 HOMESTEAD 1,805,014,738 1,890,000,000 4.7% 54,000,000 1,944,000,000 7.7%
11 MIAMI SHORES 764,132,319 825,000,000 8.0% 2,000,000 827,000,000 8.2%
12 BAL HARBOUR 3,652,782,693 3,936,000,000 7.8% 2,000,000 3,938,000,000 7.8%
13 BAY HARBOR ISLANDS 602,162,980 669,000,000 11.1% 28,000,000 697,000,000 15.7%
14 SURFSIDE 1,144,071,250 1,322,000,000 15.6% 23,000,000 1,345,000,000 17.6%
15 WEST MIAMI 283,943,526 300,000,000 5.7% 0 300,000,000 5.7%
16 FLORIDA CITY 414,593,947 409,000,000 -1.3% 0 409,000,000 -1.3%
17 BISCAYNE PARK 132,789,629 144,000,000 8.4% 0 144,000,000 8.4%
18 EL PORTAL 88,430,341 97,000,000 9.7% 1,000,000 98,000,000 10.8%
19 GOLDEN BEACH 693,713,276 751,000,000 8.3% 7,000,000 758,000,000 9.3%
20 PINECREST 3,737,105,593 3,877,000,000 3.7% 34,000,000 3,911,000,000 4.7%
21 INDIAN CREEK 431,078,677 447,000,000 3.7% 1,000,000 448,000,000 3.9%
22 MEDLEY 1,797,187,544 1,742,000,000 -3.1% 9,000,000 1,751,000,000 -2.6%
23 N.BAY VILLAGE 669,073,745 745,000,000 11.3% 0 745,000,000 11.3%
24 KEY BISCAYNE 6,151,903,029 6,673,000,000 8.5% 23,000,000 6,696,000,000 8.8%
25 SWEETWATER 1,277,173,844 1,300,000,000 1.8% 5,000,000 1,305,000,000 2.2%
26 VIRGINIA GARDENS 183,247,173 188,000,000 2.6% 48,000,000 236,000,000 28.8%
27 HIALEAH GARDENS 909,500,904 931,000,000 2.4% 15,000,000 946,000,000 4.0%
28 AVENTURA 7,786,432,398 8,239,000,000 5.8% 113,000,000 8,352,000,000 7.3%
30 UNINCORPORATED 55,401,084,606 57,696,000,000 4.1% 628,000,000 58,324,000,000 5.3%
31 SUNNY ISLES BEACH 6,904,085,892 7,663,000,000 11.0% 0 7,663,000,000 11.0%
32 MIAMI LAKES 2,510,381,667 2,549,000,000 1.5% 1,000,000 2,550,000,000 1.6%
33 PALMETTO BAY 2,400,102,401 2,459,000,000 2.5% 3,000,000 2,462,000,000 2.6%
34 MIAMI GARDENS 3,324,280,793 3,421,000,000 2.9% -9,000,000 3,412,000,000 2.6%
35 DORAL 8,882,534,791 9,176,000,000 3.3% 224,000,000 9,400,000,000 5.8%
36 CUTLER BAY 1,769,747,418 1,855,000,000 4.8% 54,000,000 1,909,000,000 7.9%
COUNTY-WIDE 197,133,835,984 208,146,000,000 5.6% 1,791,000,000 209,937,000,000 6.5%
FIRE AND RESCUE 114,370,582,277 119,791,000,000 4.7% 1,220,000,000 121,011,000,000 5.8%
LIBRARY 180,215,465,044 190,216,000,000 5.5% 1,656,000,000 191.,872,000,000 6.5%
SCHOOL BOARD 215,102,167,528 232,138,000,000 7.9% 1,800,000,000 233,938,000,000 8.8%
S FL WATER MNGT DIST 199,108,798,213 210,218,000,000 5.6% 1,800,000,000 212,018,000,000 6.5%
FL INLAND NAV DIST 199,108,798,213 210,218,000,000 5.6% 1,800,000,000 212,018,000,000 6.5%
THE CHILDREN'S TRUST 199,108,798,213 210,218,000,000 5.6% 1,800,0001000 212,018,000,000 6.5%
MIAMI-DADE COUNTY
PROPERTY APPRAISER
ADMINISTRATIVE DIVISION
• ° ` LA,6ARO SOLIS
PROPERTY APPRAISER
June 1, 2014
The Honorable Philip Levine
Mayor
City of Miami Beach
1700 Convention Center Drive
Miami Beach,.FL 33139
RE.: 2014 ASSESSMENT ROLL ESTIMATE
Dear Mayor Levine:
The June 1st estimate information listed below is being provided in accordance with Section
200.065(8), Florida Statutes, so that you may start preparing for next year's budget.
It-is important to note that July 1st is the official certification date for the 2014 assessment roll.
June 15t is only an estimate, which is subject to change.
If you have questions or need clarification., please contact me at 305-375-4004.
$2699683000,000
Sincerely,
Lazaro Solis
Property Appraiser
cc:Jimmy Morales, Manager, City of Miami Beach
Kathie Brooks,Assistant City Manager, City of Miami Beach
11.1.N11' Ist STREET, SUITE 710 MIAMI, FLORIDA 33128
PHONE: 305-375-415.5 1 FAX,: 305-375-302.4
WEB SITE: NVWW.M1AM1DADE?.G0V/PA
MIAMI-DADE COUNTY
• PROPERTY APPRAISER
. A._' ADMINISTRATIVE DIVISION
_-- T,AZARO SOLIS
.� PROPERTY APPRAISER
June 1., 2014
The Honorable Philip Levine
Mayor
City of Miami Beach, Normandy Shores
1700 Convention Center Drive
Miami Beach, FL 33139
RE: 2014 ASSESSMENT ROLL ESTIMATE
Dear Mayor Levine:
The June 1St estimate information listed below is being provided in accordance with Section
200.065(8), Florida Statutes, so that you may start preparing for next year's budget.
It is important to note that July 16t is the official certification date for the 2014 assessment roll.
June 1 St is only an estimate, which is.subject to change..
If you have questions or need clarification, please contact me at 305-375-4004.
$1340000,000
Sincerely,
Lazaro olis
Property Appraiser
cc:Jimmy Morales, Manager, City of Miami Beach
Kathie Brooks, Assistant City Manager., City of Miami Beach
I'
F
111 NBC' 1ST STREET, SUIT)✓ !710 MIAMI. FLORIDA 3:312:8
PHONE- 305-375-4155 FAX: 305,375-3024
WEB SITE: W\VW AtIAMIDADE.GOV/PA
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