Published on Thursday, July 24, 2014
BY THEO KARANTSALIS
SPECIAL TO THE MIAMI HERALD
City leaders in Miami Springs are proposing to keep the same tax rate as last year.
The Miami Springs city council has tentatively set the maximum tax rate at $7.6710 for every $1,000 of assessed taxable value at a special meeting held Thursday night.
The rate can be lowered during the budget process, which includes workshops and public hearings, but cannot be raised.
If the rate is adopted, it would be the same as this year’s rate of 7.6710. The second reading will be at 6 p.m. Aug.
The median assessed value of the 3,790 homes in Miami Springs is $168,457, according to the county property appraiser’s 2013 tax roll reports. Under the proposed rate, the typical homeowner who takes the standard $50,000 homestead exemption would pay $910.93 in taxes to the city.
Preliminary reports from the property appraiser’s office indicates that Miami Springs’ properties, on average, increased by 3.5 percent in 2014.
The proposed $15.5 million budget includes sizeable chunks, as follows:
• $5,992,184 for the police department
• $2,165,711 for recreation, aquatics and tennis
• $1,715,860 for golf course-related outlays
The new budget includes $493,000 in debt service for a proposed new aquatic facility and “Stafford Park re-grassing.”
City officials reported, at the special meeting, that the golf course will lose “approximately $333,978” in the current year. Officials had expected the golf course to lose $700,000. Losses stem from higher maintenance costs and capital expenditures for equipment.
Residents are invited to attend the first public hearing on the proposed budget at 7 p.m. Sept 8 at City Hall. The second and final public hearing will be held at 7 p.m. Sept. 22. at City Hall.
For information, call (305) 805-5000.
Read more here.