The largest chunk of many property owners’ tax bills will be set Wednesday when the Miami-Dade County School Board meets to finalize its budget.
The school district is set to approve a slightly lower tax rate of $7.61 per $1,000 of taxable property value. The bulk of that rate is actually set by the Legislature, which sets a minimum that school boards must levy in order to tap into state funds.
Since property values are up, the average homeowner claiming a homestead exemption will pay about $2 more. However, the typical homeowner participating in the Save Our Homes program will save about $46, according to district estimates.
The district will also cast a final vote on its $4.8 billion budget in what has been a largely uncontroversial budget year. Included in the 2015-2016 budget: additional funding for bilingual education, grants to help open new health clinics and money for raises for teachers and other district employees.
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The school board’s meeting begins at 11 a.m. with special presentations, and the final budget hearings are scheduled to start at 6 p.m. The school board meets in the auditorium of the administration building, which is located at 1450 NE Second Avenue in Miami.
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