HomeMy WebLinkAboutSEOPW-CRA-2000-11-20-Discussion Item 05•
0
COMMUNITY REDEVELOPMENT AGENCY
SUMMARY OF HISTORICAL TAX INCREMENTAL REVENUE
FISCAL YEARS 1986 to 2000
SEOPW
OMNI
Date
CITY
COUNTY
CITY
COUNTY
1986
139,934
157,798 #
1987
269,924
203,787 #
0
0
1988
470,122
177,153 #
0
0
1989
268,694
165,872 #
0
0
1990
386,543
289,750 *
0
0
1991
648,040
377,074 #
0
0
1992
758,711
280,445 #
0
0
1993
609,255
167,649 #
0
0
1994
609,000
377,221
0
0
1995
0
143,098 *
0
0
1996
142,324
101,233 *
0
0
1997
133,636
90,056 *
473,844
319,318
1998
109,887
68,946 *
422,209
264,906
1999
110,087
66,306
445,469
268,306
2000
353,879
217,103
517,335
317,382
Total
6,010,036 2,883,491
1,858,857 1,169,912
NOTES:
* - Amounts represent the total paid to or on behalf of the CRA for the noted years.
# - Amounts were computed based on the Net Incremental Taxable Value and the applicable
millage rates for the related years.. All taxable values were discounted by 5% as required by
FS 163.387.
a i,SCjzi,-eC1
SE®PVd/
meW o
6001000
* 500,000
400,000
300,000
2001000
•
1007000
x
OMNI TIF History
1997 1998 1999 2000
■CITY
■ CountJ
C
0 . 0
COMMUNITY REDEVELOPMENT AGENCY - OMNI
PROJECTED TAX INCREMENT REVENUE
FOR THE YEARS 2001 - 2006
ADJUSTED
CITY
PROJECTED
COUNTY
PROJECTED
TAXABLE
TAX
CITY,
TAX
COUNTY
YEAR
VALUE
RATE
TIF
RATE
TIF
2001
69,173,961
624,295
1
393,449 2
2002
72,632,659
8.9950
620,664
3
5.7510
396,825 3
2003
76,264,292
8.9950
651,697
3
5.7510
416,666 3
2004
80,077,507
8.9950
684,282
3
5.7510
437,499 3
2005
84,081,382
8.9950
718,496
3
5.7510
459,374 3
2006
88,285,451
8.9950
754,421
3
5.7510
482,343 3
NOTES:
1 - Amount repersents estimates received from The City of Miami Finance Department.
2 - Amount is based on estimates made by the Property Appraiser's office for the applicable year.
3 - All estimates for the years 2002-2006 are computed based on estimated taxable property
values and the millage rate applicable to the 2001 year.
Planned projects were based on estimates from the County Planners Office and estimates
of anticipated projects to be completed over the next five years
A 5% property value growth, rate was assumed.
own/cWzn!z;
•
11400, 000
112007000
1, 000, 000
800, 000
6001000
400, 000
200, 000
OMNI Projected TIF
2001 2002 2003 2004 2005 2006
Lm years
E
•
s00,000
7001000
600,000
5001000
4001000
3001000
2005000
• 1007000
0
SEOPW TIF History
�`�� op g�°'�" �°'°� ���° ��b
ono
�OCITY
■County
•
•
rJ
COMMUNITY REDEVELOPMENT AGENCY - SEOPW
PROJECTED TAX INCREMENT REVENUE
FOR THE YEARS 2001 - 2006
ADJUSTED
CITY
PROJECTED
COUNTY
PROJECTED
TAXABLE
TAX
CITY
TAX
COUNTY
YEAR
VALUE
RATE
TIF
RATE
TIF
2001
63,612,632
674,104 1
344,280 2
2002
123,809,930
8.9950
_ 1,057,987
5.7510
676,429
2003
191,582,926
8.9950
1,637,124
5.7510
1,046,704
2004
280,856,239
8.9950
2,399,987
5.7510
1,534,444
2005
312,788,218
8.9950
2,672,854
5.7510
1,708,903
2006
339,987,629
8.9950
2,905,279
5.7510
1,857,505
NOTES:
1 - Amount represents estimates received from The City of Miami Finance Department.
2 - Amount is based on estimates made by the Property Appraiser's office for the applicable year.
3 - All estimates for the years 2002-2006 are computed based on estimated taxable property
values and the millage rate applicable to the 2001 year.
Planned projects were based on estimates from the County Planners Office and estimates
of anticipated projects to be completed over the next five year
A 5% property value growth rate was assumed.
SEOPW/CR�674 4 4Eft 2-2
ib;of
0
610007000
5, 000, 000
4,0007000
37000,000
210003000
1, 000, 000
SEOPW Projected TIF
-- �U Years
2001 2002 2003 2004 2005 2006
•
0