Remember, this is the estimate. The actual tax roll comes out the first of July.
Looking at a few nearby municipalities. The 2013 estimate is to the left. I have posted the 2012 numbers for comparison, posted to the right.
Palmetto Bay drops from an estimate increase of 2.18 in 2012 to a slight reduction in 2013 of 0.7%.
Newly released 2013 Estimate- 2012 New Construction (millions of dollars)
2.00 Coral Gables 1.25 $75,000,000
0.02 South Miami 1.15 $17,000,000
2.60 Pinecrest 2.52 $28,000,000
(0.70) Palmetto Bay 2.18 $ 2,000,000
3.10 Cutler Bay 0.01 $17,000,000
1.60 Unincorporated (UMSA) (0.78)
(0.40) Homestead (3.71) $31,000,000
3.10 Countywide 1.48
4.40 School Board 2.24
Coral Gables and Pinecrest remain strong. Cutler Bay has charged forward this year. New construction tells a story here (new construction includes renovations): Coral Gables leads the cities I have listed with $75 Million in new construction. Homestead $31 Million. Pinecrest $28 Million. Cutler Bay and South Miami lists $17 million. Palmetto Bay is far, far behind at only $2 million.
The preliminary estimate allows the local taxing authorities; the County, municipalities, Children's Trust, Library, Fire, Etc., to being their budget preparations in earnest.
There is usually a slight difference in the final numbers released in July.
What has happened to Palmetto Bay? It is a sad day when we can no longer keep pace with our neighbors.
ReplyDeleteI am sure that our current mayor will spin this into how this is great news for Palmetto Bay taxpayers.
ReplyDelete