The Village of Pinecrest plans to keep its tax rate the same for the 2015-16 fiscal year, which would lead to a small increase in the typical bill for taxpayers.
Pinecrest council members voted July 7 to set a tentative tax rate of $2.30 per $1,000 of assessed property value, the same tax rate as last year.
Impact on taxpayers
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Under the proposed rate, the owner of a typical home valued at about $473,000 (taken from the median assessed value from the Miami-Dade property appraiser) would pay about $982 in property taxes.
This marks about a $9 increase from last year, assuming two things: that the owner qualified for the standard homestead exemption and the home’s assessed value increased by 0.8 percent, which is the maximum allowed by law this year for owner-occupied homes.
That rate will likely not increase as the budget season goes on, but it can be reduced before the council approves the final rate in September.
▪ When: 7 p.m. Sept. 8 and Sept. 22 at 7 p.m.
▪ Where: 12645 Pinecrest Pkwy.
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.