HomeMy WebLinkAboutSubmittal-Millage Discussion ScenariosMillage Discussion Scenarios
Current Millage (A)
Scenario 1 Flat Total (B)
Scenario 2 Flat Operating (C)
Scenario 3 Rollback (D)
Millage
Revenue to City
Millage
Revenue to City
Millage
Revenue to City
Millage
Revenue to
City
Operating
Debt
7.5710
0.9300
$210,409,400
$27,683,400
7.6010
0.9000
$211,243,100
$26,790,400
7.5710
0.9000
$210,409,400
$26,790,400
7.0978
0.9000
$197,258,500
$26,790,400
Total
8.5010
$238,092,800
8.5010
$238,033,500
8.4710
$237,199,800
7.9978
$224,048,900
Millage Shift from Debt to Operating
Diff GF Budget Revenue from Current
Amount for CRA due to Operating millage change
(B-A)
(C-B)
(D-C)
0.0300
$833,700
$59,300
-0.0300
-$833,700
$0
-0.4732
-$13,150,900
Average Homestead
Property A
Property B
Property C
Taxable Value City Tax
$118,112 $1,004.07
$200,000 $1,700.20
$500,000 $4,250.50
$1,000,000 $8,501.00
Impact of
0.03 mills
-$3.54
-$6.00
-$15.00
-$30.00
City of Miami Tax
less Debt Imact of
Reduction Rollback Rate
City of Miami
Tax at Roll
Back Rate
$1,000.53 -$55.89 $944.64
$1,694.20 -$94.64 $1,599.56
$4,235.50 -$236.60 $3,998.90
$8,471.00 -$473.20 $7,997.80
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