The Miami Springs City Council held a special meeting July 30 to set a property tax-rate ceiling for the 2015-16 fiscal year, which starts Oct. 1.
The council is proposing a tax rate of $7.671 per $1,000 of assessed property value, the same as this year’s rate.
Impact on taxpayers
Under the proposed rate, the owner of a median home valued at about $179,690 (taken from the median assessed value from the property appraiser) would pay about $1,380.40 in property taxes.
This marks no change from last year, assuming the owner qualified for the standard homestead exemption and the home’s assessed value increased by 0.8 percent, the maximum allowed by law this year for an owner-occupied home. The city will likely not raise that rate any higher as the budget season goes on, but it can be lowered or remain the same.
The city has not yet released a copy of its proposed budget. However, salaries may become an issue again this year during budget season as 61 city employees are currently earning more than $70,000 per year, in salary and benefits, according to records obtained by the Herald through a public records request. Thirty employees, records show, earn in excess of $100,000 per year.
The city did not immediately return an email seeking the total number of city employees.
Miami Springs’ first budget hearing is scheduled for Monday, Sept. 14, at City Hall located at 201 Westward Dr. A second budget hearing is scheduled on Sept. 28.
Check your mailbox
Homeowners will receive a letter called a “TRIM notice” in August giving them their proposed tax rate and hearing dates. The letter will also include proposed tax rates for the county, school board and other local agencies.