Burgess: Property tax losses

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The Miami-Dade County property appraiser released its preliminaryh tax rollinformation Monday, with all four taxinyg jurisdictions – fire rescue, library, the unincorporated area and Miami-Dadre overall – seeing a decline. The countywide decreasw comparing preliminary tax numbers from year to year shows a 9percent decrease, or a total of $22.55 “These losses would have been worsr if not for new construction that was added to the propertyg tax roll as of Jan. County Manager George Burgess said in a memo sent tocountyu commissioners. North Bay Village took the biggest hit, down 20.2 percenf from 2008 levels. Homestead saw an 18.
2 percen t decline, followed by Normandy Shores, down 17.5 percent, and Aventurq which was down 17.3 percent. Golden Beacuh and the tiny city of Islandiaw sawno change. Medley saw a 1.5 percentg drop while Biscayne Park saw a 4percengt decline. Click for the full list. Staffer s reviewed property tax rolls going back to 1985 and found that 1993 saw taxabled value shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbede the impact of doubling the homestead exemptio n from $25,000 to $50,000, the propertu tax roll was relatively flat,” Burgess explained in the “These losses in property tax roll valuees are unprecedented.
” Burgess warnefd of a lot more pain on the using the last two years as a barometer of what is For the second consecutive year, Miami-Dade faced a $200 million budget gap in the last fiscakl year. Core services were kept intact by tightening but assuming the same tax rate adoptedfor 2008-09, the estimated ad valorem revenuew for fiscal year 2009-10 would shrink by $174.1 according to the memo. Taking into account the impact of normal inflationary growtnh and theeconomic slowdown, combinecd with the non ad valorem revenue results in property tax subsidized operations facinhg a budget gap of $350 million to $400 Burgess said.
“We are working diligentlty to prepare a proposed budget forFY [fiscal year] 2009-190 that to the extent preserves essential services and minimized service impacts to our residents,” he wrote in the “However, closing a budgetary gap of this size will requir e some very difficult decisions.”