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HomeMy WebLinkAboutLetter - Office of the Property Appraiser FR/SRSecond Reading Ordinance MIAMI-DADE COUNTY OFFICE OF THE PROPERTY APPRAISER Honorable Pedro Garcia Property Appraiser December 19, 2012 Mr. Johnny Martinez Manager City of Miami 444 SW 2nd Ave., 5th Floor Miami, FL 33130 Dear Mr. Martinez: RE: Florida Constitutional Amendment 11— Provides for Additional Tax Exemption from County and Municipality taxes for Certain Qualified Seniors On November 6, 2012, voters approved Amendment 11 of the Florida Constitution providing an additional homestead exemption for low income seniors that totally exempts a taxing authority's portion of taxable value.: The eligibility requirements for this new additional senior exemption are the same as the current senior exemption. However, the qualifying senior must also have maintained their home as their permanent residence for at least 25 years and a market value less than $250,000, The new exemption can only be applied to a County or Municipality taxing authority once an ordinance is adopted by a super majority of the members the governing body. Therefore, I would like to inform you that this new senior benefit afforded by Amendment 11 is available for your jurisdiction to adopt. The Miami -Dade Board of County Commissioners is in the process of adopting such an ordinance that will apply to the upcoming 2013 tax roll. Section 196.075, Florida Statutes, requires a county or municipal governing authority deliver their adopted ordinance to the Property Appraiser no later than December 1, 2012, for the exemption to be applicable for the 2013 tax roll. However, we will accept your ordinance approving this new exemption, if adopted and submitted to our office no later than March 1, 2013. Enclosed is Property Tax Oversight Bulletin 12-13 containing additional details about these changes and an estimated 1scai impact for your review. If you have any questions concerning this matter, you may call me at 305- 375-4004. Again, if you wish to extend this new benefit to your constituents on the 2013 tax roll, an adopted ordinance MUST be delivered to the Office of the Property Appraiser no later than March 1, 2013. Deputy Property Appraiser References: House Joint Resolution 169 — amendment language adopted by the 2012 Florida Legislature. Chapter 2012-57, Laws of Florida (HB 357) — Implementing language passed by the 2012 Florida Legislature. Section 196.075, Florida Statutes, Additional Homestead Exemption for Persons 65 and Older. 111 NW 19r STREET, SUITE 710 • MIAMI, FLORIDA • 33128 PI -LONE: 305-375-4004 • PAX: 305-375-3024 WEB SITE: WWW.MIAMIDADE.GOV/PA To: Property Appraisers; Tax Collectors From: James McAdams Date: November 7, 2012 Bulletin: PTO 12-13 FLORIDA DEPARTMENT OF REVENUE PROPERTY TAX INFORMATIONAL BULLETIN CONSTITUTIONAL AMENDMENT 11 2012 General Election Additional Homestead Exemption for Persons 65 and Older; Low -Income Seniors Who Maintain Long -Term Residency on Property; Equal To Assessed Value Amendment 11 was approved by voters in the November 6, 2012 general election. This amendment changes Section 6(d) of Article VII of the State Constitution. It revises the existing additional homestead exemption for seniors, and authorizes a new additional homestead exemption for them. Changes To the Existing Additional Homestead Exemption for Qualifying Seniors • The amount of the exemption that can be granted to a qualifying senior in the ordinance adopted by a county or municipality, as changed by Chapter 2012-57, L.O.F., is now a flat $50,000, instead of an amount up to $50,000; • A county and/or municipality can adopt an ordinance granting either or both of these additional exemptions authorized by the constitution for qualifying seniors. Provisions Regarding the New Additional Homestead Exemption for Qualifying Seniors • The amount of this exemption is equal to the assessed value of the homestead, up to a just value of less than $250,000; and, • The owner must have made the property his or her permanent residence for at least 25 years; and, • This exemption can only be granted by a super majority of the members of the county or municipal governing body (majority plus one). Provisions That Apply to Both Additional Exemptions for Qualifying Seniors • Existing provisions about how the income limitation is calculated and applied; • Existing requirements for how a county or municipality can adopt an ordinance granting either or both of these exemptions; and, • That the 2012 changes to the constitutional and general law provisions regarding both these additional exemptions will first apply to the 2013 tax roll, and to all subsequent tax rolls. The changes to this amendment are implemented by Chapter 2012-57, Laws of Florida (L.O.F.). Bulletin PTO 12-13 November 7, 2012 Page 2 of 2 The full text of HJR 169 can be accessed at: http://laws.flrules.org/2012/r169. The full text of Chapter 2012-57, L.O.F., can be accessed at: http://laws.flrules.org/2012/57. This bulletin is provided by the Department of Revenue for your general information. If you want to discuss this issue, you may send your questions to DORPTOAdor.state.fl.us. M?4\MI-D-AOE COUNTY OFFICE OF THE PROPERTY APPRAISER Impact of Full Exemption to Senior Properties - Amendment 11 November 13, 2012 Taxing Authority Qualified Senior Current Seniors Exemption Affected Amount Impact Based on 2012 Preliminary Assessment Roll Loss in Taxable Value Operating Millage Revenue Loss Debt Millage Revenue Loss Total Revenue Loss 0100 Miami 3,946 2,090 $50,000 $63,925,521 7.5710 $483,980 0.9000 $57,533 $541,513 0101 DDA 2 0 $50,000 $0 0.4780 $0 0.0000 $0 $0 0200 Miami Beach 305 89 $50,000 $2,637,449 6.0909 $16,064 0.2568 $677 $16,742 0201 Normandy Shores 2 2 $50,000 $81,782 1.1444 $94 0,0000 $0 $94 0300 Coral Gables 49 42 $25,000 $2,579,434 5.6690 $14,623 0.0000 $0 $14,623 0400 Hialeah 3,678 2,101 $50,000 $54,628,936 6.3018 $344,261 0.0000 $0 $344,261 0500 Miami Springs 111 106 $25,000 $7,177,097 6.9950 $50,204 0.0000 $0 $50,204 0600 North Miami 205 32 $50,000 $567,851 8.1000 $4,600 0.0000 $0 $4,600 0700 North Miami Beach 186 102 $25,000 $2,122,127 6.6036 $14,014 1.0409 $2,209 $16,223 0800 Opa-locka 82 1 $50,000 $628 9.1000 $6 0.0000 $0 $6 0900 South Miami 59 33 $50,000 $1,039,348 4.3639 $4,536 0.0000 $0 $4,536 1000 Homestead 55 7 $50,000 $118,592 6.2435 $740 0.0000. $0 $740 1100 Miami Shores 28 28 $0 $1,366,588 8.0000 $10,933 0.7500 $1,025 $11,958 1200 Bal Harbour 6 4 $50,000 $197,121 2.2678 $447 0.0000. $0 $447 1300 Bay Harbor Islands 16 9 $25,000 $252,493 5.2971 $1,337 0.0000 $0 $1,337 1400 Surfside 2 2 $50,000 $54,398 5.3000 $288 0.0000 $0 $288 1500 West Miami 169 168 $25,000 $7,500,996 6.8858 $51,650 0.0000 $0 $51,650 1600 Florida City 40 37 $0 $697,880 7.7500 $5,409 0.0000 $0 $5,409 1700 Biscayne Park 10 10 $25,000 $371,491 9.5000 $3,529 0.0000 $0 $3,529 1800 El Portal 17 7 $50,000 $157,577 8.3000 $1,308 0,0000 $0 $1,308 1900 Golden Beach 0 0 $25,000 $0 6.9950 $0 1.5050 $0 $0 2000 Plnecrest 2 0 $50,000 $0 2.2000 $0 0,0000. $0 $0 2100 Indian Creek 0 0 $0 $0 7.9518 $0 0.0000 $0 $0 2200 Medley 7 7 $0 $129,873 5.5850 $725 0.0000 $0 $725 2300 North Bay Village 22 9 $50,000 $310,089 4.7772 $1,481 1.2355 $383 $1,864 2400 Key Biscayne 9 9 $50,000 $416,838 3.2000 $1,334 0.0000 $0 $1,334 2500 Sweetwater 167 109 $50,000 $3,987,443 2.9200 $11,643 0.0000 $0 $11,643 2600 Virginia Gardens 34 34 $0 $2,106,321 5.4233 $11,423 0.0000 $0 $11,423 2700 Hialeah Gardens 33 3 $25,000 $143,170 5.3812 $770 0.0000 $0 $770 2800 Aventura 122 73 $25,000 $2,188,511 1.7261 $3,778 0.0000 $0 $3,778 3100 Sunny Isles Beach 97 50 $50,000 $1,395,837 2.8000 $3,908 0.0000 $0 $3,908 3200 Miami Lakes 49 40 $50,000 $1,831,261 2.3518 $4,307 0.0000 $0 $4,307 3300 Palmetto Bay 37 26 $50,000 $1,145,635 2.4470 $2,803 0.0000. $0 $2,803 3400 Miami Gardens 1,059 449 $25,000 $7,101,073 6.3620 $45,177 0.0000 $0 $45,177 3500 Doral 11 7 $50,000 $147,350 2.2215 $327 0.0000 $0 $327 3600 Cutler Bay 157 83 $50,000 $1,620,006 2.5702 $4,164 0.0000 $0 $4,164 Current Impact Based on 2012 Preliminary Assessment Roll Qualified Seniors Exemption Loss In Operating Revenue Debt Revenue Total County Authorities Senior Affected Amount Taxable Value Millage Loss Millage Loss Revenue Loss Countywide 18,211 8,979 $50,000 $272,864,995 4.7035 $1,283,421 0.2850 $77,767 $1,361,187 3000 Unincorporated 7,444 3,776 $50,000 $124,991,423 1.9283 $241,021 0.0000 $0 $241,021 Fire & Rescue 10,224 4,654 $50,000 $149,636,848 2.4496 $366,550 0.0131 $1,960 $368,511 Library 14,090 6,789 $50,000 $216,252,008 0.1725 $37,303 0.0000 $0 $37,303 Total County Impact $1,928,295 Note: $79,727 $2,008,022 The following criteria were used: (1) the folio had a senior exemption in 2012, (2) the last qualified sale took place prior to 1987 and (3) the Just value of the property is under $250,000. The count under "Qualified Seniors" represents all folios based on criteria. The count under "Seniors Affected" represents those folios that will actually show a reduction in taxable value. The difference are folios that already have a zero taxable value before applying the additional exemption. These estimates are considered a worst -case scenario based on the 2012 Preliminary Roll values and 2012 adopted millage rates.