Sunny Isles Beach commissioners have unanimously agreed to cut the property tax rate by 10 cents.
Residents will pay $2.70 per $1,000 of taxable value for the 2013-14 fiscal year, which begins Tuesday. This year, residents paid $2.80 per $1,000.
The longtime owner of a condo assessed at $150,000 would pay about $277, or $3 less than this year. That assumes the homeowner qualifies for the standard $50,000 homestead exemption and that the condo’s assessed value increased by 1.7 percent — this year’s state limit.
At the second budget hearing, which took place Sept. 26, commissioners also unanimously voted to adopt an operating and capital improvement budget for 2013-14.
Christopher Russo, the city manager, said there were no comments made by the public that would change the budget from the date it was tentatively adopted on Sept. 17.
Sunny Isles Mayor, Norman Edelcup, says he hopes the city will end the year with another surplus and continue lowering the tax rate on an annual basis, assuming the market value of properties continues increasing.
The next commission meeting will be held on Oct. 17 at 6:30 p.m. at the Sunny Isles Beach Government Center, 18070 Collins Ave.