LTC 262-2022 Certified Tax RollDocuSign Envelope ID: F34FB335-CF27-4C8A-AB09-B88C 8CB71252
MIAMI BEACH
OF FICE OF THE CITY MANAGER
LTC NO . 262 -2022
LETTER TO COMMISSION
TO:
FROM:
DATE:
Honorable Mayor Dan Gelber and Membe rs of the City Commission
Alina T . Hudak, City Manager Gf;:~
July 1, 2022
SUBJECT: 2022 Certified Tax Roll
The purpose of th is Letter to Commission (L TC) is to transmit the 2022 Certification of Taxable
Values as of July 1, 2022 provided by the Miami-Dade County Property Appraiser's Office fo r the
City of Miami Beach, which have been attached. These values as of July 1, 2022 will be utilized
in the development of the FY 2023 budget.
The attached values reflect an overall i ncrease in property values of approximately $4.6
billion, or 11.2%, from the 2021 Certified Taxable Values of $41.9 billion to the 2022 Certified
Taxable Values of $46.5 billion. More speci fi cally , the values include a $3.9 billion , or 9 .5%,
increase in existing property values and a $0.7 billion increase in new construction values.
Applying the overall increase in values to General Fund property tax revenues would result in a
projected increase of approximately $24 .8 million in property tax revenue citywide (outside of the
City Center RDA and new North Beach CRA). Further, this represents an increase of
approximately $4.1 million over the General Fund property tax revenue projections based on the
2022 Estimated Taxable Values inc rease of 9.2% prov ided by the Miam i-Dade County Property
Appraiser's Office on June 1, 2022 and reported to the Mayor and City Commission in a Letter to
Commission (L TC No. 214-2022) dated June 1, 2022.
It is important to note that the prelim inary property tax revenue projections as of June 1, 2022
were based on prelim inary property values within the City Center RDA and the new North Beach
CRA decreasing by approximately 1.0% and increasing by approximately 11.3%, respectively ,
over the certified July 1, 2021 values. Based on the certified July 1, 2022 values provided by the
Miami-Dade County Property Appraiser , property values within the City Center RDA and the new
North Beach CRA increased by 0.8% and 11.6%, respectively, over the certified July 1, 2021
values, thereby slightly decreasing the citywide total of General Fund property tax revenues than
originally estimated as of June 1, 2022 .
Property Assessment
Existing Values
New Construction
Total Citywide
City Center RDA
North Beach CRA
Total Citywide -Net of RDA & CRA
Property Tax Revenue Projection
July 2021 July 2022
rtified Certified Ce
41 ,866 ,674,794 45 ,82 8 ,304 ,965
0 71 6,389 ,105
41 ,866 ,674 ,794 46 ,544 ,694 ,070
5,977,864 ,104 6,02 3 ,225 ,280
0 1,58 5 ,511 ,443
35 ,888 ,810 ,690 38 ,93 5 ,957 ,347
199,632 ,000 22 4,462 ,000
$
Change
3 ,961 ,630 ,171
716 ,389 ,105
4 ,678 ,019 ,276
45 ,361 ,176
1 ,585 ,511 ,443
3,047 ,146 ,657
24 ,830 ,000
%
Change
9.5%
100.0%
11.2%
0.8%
100.0%
8.5%
12.4%
I,;
11,
Ill
II
II
111
1,1
Ii
1,
DocuSign Envelope ID : F34FB335-CF27-4C8A-AB09-B88C8CB71252
Letter to Commission -2022 Certified Tax Roll
Page 2
The Normandy Shores Local Government Neighborhood Improvement District's 2022 Certified
Taxable Values of $305.5 million reflect an increase of $56.6 million, or 22.8%, over the 2021
Certified Taxable Values of $248 .9 million. This is comprised of a $49.5 million, or 19.9%, increase
in existing values and a $7.1 million increase in new construction values . This represents an
increase of 3.1 % over the 2022 Estimated Taxable Values increase of 19.7% provided by the
Miami-Dade County Property Appraiser's Office on June 1, 2022 and reported to the Mayor and
City Commission in a Letter to Commission (L TC No . 214-2022) dated June 1, 2022 .
July 2021 July 2022 $ %
Certified Certified Change Change
Property Assessment
Existing Values 248 ,856 ,254 298,359 ,433 49,503 ,179 19.9%
New Construction 0 7,113 ,479 7 ,113 ,479 100 .0%
Total Normandy Shores 248 ,856 ,254 305 ,472 ,912 56 ,616 ,658 22 .8%
A summary of the 2022 Certification of Taxable Values for all municipalities within Miami-Dade
County has been attached.
Attachment 1 -Miami Dade County Certified Taxable Values (as of July 1, 2022)
ATH/JW/TOS
~~
DocuSign Envelope ID : F34FB335-CF27-4C8A-AB09-B88C8CB71252
MIAMI-DADE COUNTY
PROPERTY APPRAISER
2022 Taxable Values by Taxing Authority
JULY 1, 2022
2021
PRELIMINARY
TAXABLE
TAXING AUTHORITY VALUE
01 MIAMI 65 ,835 ,239 ,651
0101 MIAMI (DOA) 22 ,648 ,089 ,020
02 MIAMI BEACH 41 ,866 ,674 ,794
0201 MB NORMANDY SHORES 248 ,856 ,254
03 CORAL GABLES 18 ,125 ,124,740
04 HIALEAH 13,574,919 ,263
05 MIAMI SPRINGS 1,337 ,475 ,846
06 NORTH MIAMI 3 ,979 ,948 ,977
07 NORTH MIAMI BEACH 3,665 ,481 ,696
08 OPA-LOCKA 1 ,317,919 ,528
09 SOUTH MIAMI 2 ,108 ,476 ,491
10 HOMESTEAD 3 ,748 ,723 ,858
11 MIAMI SHORES 1,317 ,453 ,798
12 BAL HARBOUR 5,263 ,076,143
13 BAY HARBOR ISLANDS 1,374 ,484,392
14 SURFSIDE 3,292 ,259 ,681
15 WEST MIAMI 721 ,276 ,073
16 FLORIDA CITY 697 ,121 ,256
17 BISCAYNE PARK 270 ,114 ,696
18 EL PORTAL 195 ,387 ,623
19 GOLDEN BEACH 1 ,195 ,352 ,529
20 PINECREST 5 ,378 ,007 ,444
21 INDIAN CREEK 723 ,161 ,238
22 MEDLEY 2 ,833 ,900 ,262
23 N. BAY VILLAGE 1,119,778 ,896
24 KEY BISCAYNE 8 ,269 ,112 ,147
25 SWEETWATER 2 ,046 ,875 ,353
26 VIRGINIA GARDENS 312 ,170,261
27 HIALEAH GARDENS 1,596 ,394 ,502
28 AVENTURA 10 ,451 ,356 ,658
30 UNINCORPORATED 92 ,195 ,167 ,037
31 SUNNY ISLES BEACH 12 ,635 ,842 ,686
32 MIAMI LAKES 3 ,767 ,371,566
33 PALMETTO BAY 3,366 ,980 ,359
34 MIAMI GARDENS 5,723 ,170 ,495
35 DORAL 14,891 ,126 ,546
36 CUTLER BAY 2 ,916 ,183 ,965
COUNTY-WIDE 337,968,694,350
FIRE AND RESCUE 190 ,417 ,305 ,982
LIBRARY 303 ,257 ,169 ,998
SCHOOL BOARD 366 ,114 ,505 ,026
S FL WATER MNGT DIST 340 ,060 ,434 ,617
FL INLAND NAV DIST 340 ,060,434 ,617
THE CHILDREN'S TRUST 340 ,060 ,434 ,617
2022
TAXABLE VALUE
BEFORE NEW
CONSTRUCTION
72,032 ,431 ,678
24 ,259 ,905 ,056
45 ,828 ,304 ,965
298 ,359 ,433
19 ,782 ,597 ,174
15 ,130 ,421 ,008
1 ,442 ,515,259
4 ,534 ,978,334
4,085 ,715 ,224
1,485 ,648 ,776
2 ,324 ,153 ,416
4 ,205 ,238,091
1,525 ,189,525
5,747 ,224 ,009
1,544 ,471 ,761
3,649 ,268 ,996
825 ,502 ,489
818 ,169 ,163
308 ,202 ,598
225 ,400 ,602
1,427 ,090 ,298
5,960 ,514 ,241
832 ,690 ,987
3,184 ,588 ,695
1 ,310 ,746 ,908
9,074 ,001 ,912
2 ,266 ,348 ,207
372 ,399 ,047
1,739 ,385 ,653
11 ,302 ,394 ,457
101 ,450 ,834 ,677
13 ,584 ,165 ,132
4 ,108 ,521 ,733
3 ,701 ,184 ,298
6 ,489 ,551 ,338
16 ,226 ,058 ,578
3,252 ,128 ,259
372,037,202,426
210 ,318 ,560 ,406
333 ,298,790 ,729
422 ,969 ,523 ,452
374 ,065 ,660 ,186
374 ,065 ,660 ,186
374,065 ,660 ,186
2022
PRELIMINARY PERCENT
PERCENT NEW TAXABLE CHANGE
CHANGE CONSTRUCTION VALUE FROM 2021
9.4% 1,717 ,049 ,533 73 ,749,481 ,211 12 .0%
7.1% 342 ,628 ,747 24,602,533,803 8 .6%
9.5% 716,389 ,105 46,544 ,694,070 11 .2%
19.9% 7,113 ,479 305 ,472,912 22.8%
9.1% 318 ,412 ,413 20,101 ,009,587 10 .9%
11.5% 239,450 ,091 15,369,871,099 13 .2%
7.9% 7,290 ,872 1,449 ,806,131 8.4%
13.9% 70 ,466 ,266 4,605 ,444,600 15 .7%
11.5% 27 ,710 ,728 4,113,425,952 12 .2%
12.7% 65 ,739,414 1,551,388,190 17 .7%
10.2% 38 ,827 ,540 2,362 ,980,956 12 .1%
12 .2% 155,373 ,685 4 ,360 ,611 ,776 16 .3%
15.8% 10 ,274 ,773 1,535,464,298 16.5%
9.2% 26 ,977 ,867 5 ,774,201 ,876 9.7%
12.4% 88 ,331 ,457 1,632 ,803,218 18 .8%
10.8% 1,779 ,634 3,651 ,048 ,630 10.9%
14 .5% 3 ,291 ,367 828,793,856 14.9%
17.4% 107 ,312 ,542 925 ,481,705 32 .8%
14.1% 1,505 ,091 309,707,689 14 .7%
15.4% 839 ,900 226,240,502 15.8%
19.4% 11 ,332 ,039 1 ,438 ,422 ,337 20 .3%
10 .8% 106 ,195 ,967 6,066 ,710 ,208 12.8%
15.1% -719 ,542 831 ,971 ,445 15 .0%
12.4% 20,653 ,469 3 ,205,242,164 13 .1%
17.1% 353 ,539 1,311 ,100,447 17.1%
9.7% 22 ,493 ,272 9 ,096 ,495,184 10.0%
10.7% 1,040 ,810 ,824 3,307 ,159,031 61.6%
19.3% 90 ,254 372,489,301 19.3%
9.0% 29 ,397 ,924 1,768 ,783,577 10.8%
8.1% 65 ,997 ,082 11,368,391 ,539 8.8%
10 .0% 372 ,958 ,131 101,823,792 ,808 10.4%
7.5% 197 ,629 ,908 13,781,795,040 9.1%
9.1% 22 ,519 ,480 4,131 ,041 ,213 9.7%
9.9% 13 ,189 ,752 3 ,714,374 ,050 10.3%
13.4% 379 ,404 ,835 6,868,956,173 20.0%
9.0% 383 ,322 ,371 16,609,380,949 11.5%
11.5% 9,675 ,798 3,261 ,804,057 11.9%
10.1% 5 ,860,193 ,618 377,897,396,044 11.8%
10.5% 2,846 ,399 ,204 213,164,959,610 11 .9%
9.9% 5,328 ,326 ,068 338,627 ,116,797 11 .7%
15.5% 5,867 ,480 ,887 428,837 ,004 ,339 17 .1%
10.0% 5,867,471 ,779 379,933,131,965 11.7%
10.0% 5,867 ,471 ,779 379,933 ,131,965 11.7%
10 .0% 5 ,867 ,471,779 379,933,131,965 11 .7%