The town of Medley council on Tuesday voted 5-0 to keep the same property tax rate for the upcoming fiscal year.
The 4.3 square-mile town was named in the 1940s after its founder, Sylvester Medley, and borders Doral, Hialeah and Miami Springs. Medley has a population of 838, according to the 2010 Census, and its primary tax base is industry.
Medley’s total general fund budget is $32,278,472, of which $2,866,339 goes toward “general government,” according to the town’s budget summary.
Noteworthy revenues include:
▪ $1,007,481 for franchise fees.
▪ $1,339,771 for utility taxes.
▪ $289,421 for host fees.
▪ $1,421,000 in business tax receipts.
▪ $400,000 for building permits.
▪ $800,000 in judgments and fines.
The town prides itself on taking care of its senior population and has budgeted $1,539,090 toward its “senior services department.” Its parks and recreation department, which includes a library, will get $776,000. The police department will receive $6,540,021.
The town council on Sept. 10 proposed a tax rate of $5.58 per $1,000 of assessed property value; the same as this year’s rate. The council passed the final budget Tuesday with a 5-0 vote.
Impact on taxpayers
The median assessed value of the 85 homes in Medley is $60,148, according to the county property appraiser’s 2015 preliminary tax roll report. Under the just-passed tax rate, the typical homeowner who takes the standard $50,000 homestead exemption will pay $56.62 in taxes to the town.