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HomeMy WebLinkAboutEstablish Ad Valorem Tax Millage Rate FY25-26RESOLUTION NO. 2025- (i.�CF A RESOLUTION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, ESTABLISHING THE CITY OF SUNNY ISLES BEACH PROPOSED AD VALOREM TAX MILLAGE LEVY RATE AT 1.8000 MILLS PER ONE THOUSAND DOLLARS ($1,000.00) OF TAXABLE ASSESSED VALUE WHICH IS 7.52% MORE THAN THE "ROLLED BACK" RATE OF 1.6741 MILLS, FOR FISCALYEAR 2025/2026; SETTING THE DATE, TIME AND PLACE FOR THE FIRST AND SECOND PUBLIC BUDGET HEARINGS AS REQUIRED BY LAW; DIRECTING THE CITY CLERK AND CITY MANAGER TO FILE THIS RESOLUTION WITH THE PROPERTY APPRAISER OF MIAMI-DADE COUNTY PURSUANT TO THE REQUIREMENTS OF FLORIDA STATUTES AND THE RULES AND REGULATIONS OF THE DEPARTMENT OF REVENUE OF THE STATE OF FLORIDA; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Property Appraiser of Miami -Dade County, Florida, served upon the City of Sunny Isles Beach a "Certification of 2025 Taxable Value"; and WHEREAS, pursuant to Section 200.065, F.S., the City of Sunny Isles Beach will furnish the County Property Appraiser the proposed ad valorem tax millage rate, and the date, time, and place at which public hearings will be held to consider the proposed millage rate and tentative budget for Fiscal Year 2025/2026; and WHEREAS, the Commission agrees to establish the proposed ad valorem tax millage levy rate at 1.8000 mills per One Thousand Dollars ($1,000.00) of taxable assessed value. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Establish the Proposed Millage Rate. The proposed ad valorem tax millage rate is hereby established as 1.8000 mills per One Thousand Dollars ($1,000.00) of assessed property value in the City of Sunny Isles Beach. The proposed millage reflected is 7.52% more than the "rolled back" rate of 1.6741 mills, for Fiscal Year 2025/2026. Section 2. Setting the Public Hearings. The date, time, and place of the first and second public hearings are hereby set by the City Commission as follows: Date Time Place September 3, 2025 5:30 p.m. Sunny Isles Beach Government Center David P. Samson Commission Chambers 18070 Collins Avenue Sunny Isles Beach, Florida 33160 September 11, 2025 5:30 p.m. Sunny Isles Beach Government Center David P. Samson Commission Chambers 18070 Collins Avenue Sunny Isles Beach, Florida 33160 @BCL@B414F1A7 Page 1 of 2 263 Section 3. Transmittal. The City Clerk and City Manager are directed to attach the original Certification of Taxable Valuable to a certified copy of this Resolution and serve the same upon the Property Appraiser of Miami -Dade County on or before August 4, 2025. Section 4. Effective Date. This Resolution shall become effective upon adoption. PASSED AND ADOPTED this 17th day of July, 2025. ATTEST: Mauricio Betancur, CMC, City Clerk Moved by: Vote: Mayor Svechin Vice Mayor Lama Commissioner Joseph Commissioner Stuyvesant Commissioner Viscarra Larisa Svechin, Mayor APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Alain E. Boileau for Nabors, Giblin & Nickerson, P.A., City Attorney Seconded by: (Yes) (Yes) (Yes) (Yes) (Yes) (No) (No) (No) (No) (No) @BCL@B414F1A7 Page 2 of 2 264 .rr 4F 5%)R T TO: VIA: FROM: DATE: RE: City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, Florida 33160 (305) 947-0606 City Hall (305) 949-3113 Fax MEMORANDUM Honorable Mayor and City Commissioners Stan Morris, City Manager Tiffany Neely, Finance Director July 17, 2025 Establish the Ad Valorem Tax Millage Rate for Fiscal Year 2025-2026 RECOMMENDATION: Staff recommends approval of this Resolution. REASONS: I n accordance with Section 200.065, F.S., the City received the J my 1 Certification of 2025 Taxable Value. The City must now establish a proposed millage rate and the date, time, and place at which the public hearing will be held to consider the proposed millage rate and tentative budget to be forwarded to the Miami -Dade County Property Appraiser's Office. ATTACHMENTS: Resolution Item Number: 9.N 262