Sunday, June 2, 2019

Property Taxes will increase in the next budget year. The question is how much. Property Appraiser Pedro J. Garcia issues June 1, 2019, Estimates of Taxable Value.

The preliminary tax roll was released for 2019/2020. Here is the initial news and how it will affect home affordability for your upcoming tax bill, what the numbers below mean for those who pay property taxes and it shows why it was smart to lower taxes in Palmetto Bay in 2016 and again in 2018: future taxes will be going up and not everyone is able to simply reach deeper into their pockets and pay an increased bill. The new taxes, and increased taxes that come on line for the 2019/2020 fiscal year will certainly amount to much more than a dinner out for many people, hitting those on a fixed income the hardest.

Here are the facts for the upcoming property taxes:

1. Your tax bill will go up (at least) 3%, the maximum allowable under the Save Our Homes Amendment (SOH) protection, unless the applicable property tax mileage rates are reduced in order to adjust for the increase in revenue. * This is due to the fact that each and every taxing district, each municipality as well as unincorporated Miami-Dade County saw an increase in value above 3.0, unless something drastically changes between the preliminary and final certified tax roll (July 1, 2019).

2. All property tax payers will see an increase in their property tax bills in 2019/2020 as approved by the voters in November 2018: #362. This tax is known in part as “Secure Our Future” – and will be collected from your property tax bills for the next 4 years. This is a new tax and is not covered by the Save Our Homes protection. Property owners will soon see a tax increase of $75 for every $100,000 in assessed taxable value, regardless of residential or commercial. About $232 million stands to be collected in Miami-Dade County, by July 2019 for the referendum’s first year.

This means that a home with an assessed taxable value of $400,000 will pay an additional $300.00 in property taxes for the upcoming property tax year. You can review your tax bill to locate your own assessed taxable value.

3.  Miami-Dade County is long overdue for a garbage fee increase. The proposed increase is $20.00 from $464.00 to $484.00.  This is less than a $4.3% increase. The Miami-Dade County Board of County Commissioners will hold a public hearing on this proposed increase on June 18, 2019, at 9:30 AM. This proposal may be approved, amended or rejected.


I have posted June 1 preliminary tax roll numbers for Palmetto Bay as well as some of our comparable municipalities. Palmetto Bay Council members may feel free to review my numbers and provide their own assessments or advisement.


2019 Estimated Taxable Values by Taxing Authority
Released JUNE 1, 2019

(CLICK HERE) to view the full document, available on the M-D Property Appraiser web page.

  5.0%   Coral Gables
  5.6%   Cutler Bay
  9.0%   Homestead
  4.6%   Miami Lakes
  4.4%   Pinecrest
  4.2%  Palmetto Bay
  3.9%   South Miami
  6.4%   Unincorporated Miami-Dade (UMSA)

  5.9%   Countywide (will affect your countywide portion of your tax bill)
  4.8%   School Board (will affect your School Board portion of your tax bill)

Initial estimate released June 1:
The Miami-Dade Property Appraiser issued the June 1, 2012 Estimates of Taxable Value to Miami-Dade County's Taxing Authorities.  This allows the County, School Board, and local governments such as Coral Gables, South Miami, Pinecrest, Palmetto Bay, Cutler Bay, and Homestead to proceed with the preparation of their 2019-2020 budgets.

Final Property Roll to be released July 1.
July 1st the Property Appraiser’s Office will publish the 2019 Preliminary Assessment Roll, which provides the taxing authorities with their official numbers to set their millage (tax) rates in July.

*Amendment 10 is a benefit of the homestead exemption that provides homeowners protection by limiting the maximum that the assessed value of their home for tax purposes can be raised to 3%, or the CPI whichever is lower (with some exceptions). Voters approved this amendment to the Florida Constitution, which was effective January 1, 1995.

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