HomeMy WebLinkAboutO-14318City of Miami
Ordinance 14318
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16470 Final Action Date: 9/26/2024
AN ORDINANCE OF THE MIAMI CITY COMMISSION RELATED TO
TAXATION, DEFINING AND DESIGNATING THE TERRITORIAL LIMITS FOR
THE CITY OF MIAMI ("CITY"); LEVYING AN AD VALOREM TAX ON ALL REAL
AND PERSONAL PROPERTY IN THE CITY AT A TOTAL FINAL RATE OF
7.3900 MILLS ON THE DOLLAR OF THE TAXABLE VALUE OF SUCH
PROPERTY, FOR THE PURPOSES OF FUNDING THE GENERAL
OPERATING BUDGET AND PAYMENT OF DEBT SERVICE, FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025;
CONTAINING A SEVERABILITY CLAUSE; PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, for the purpose of this Ordinance, the City of Miami ("City") is defined as all
of the territory and inhabitants within the area defined in Section 2 of the Charter of the City of
the City of Miami, as amended ("Charter"), titled "Corporate Limits," and more specifically
described in Exhibit "A" of the Charter, on file in the Office of the City Clerk; and
WHEREAS, Section 200.065, Florida Statutes (2024), sets forth the method of fixing a
millage rate; and
WHEREAS, on July 1, 2024, the Miami -Dade County Property Appraiser ("PA"),
pursuant to Section 200.065(1), Florida Statutes (2024), certified to the City the preliminary
taxable value within its territorial limits, set at $94,135,310,116; and
WHEREAS, the City prepared a tentative budget for the fiscal year ("Fiscal Year")
beginning October 1, 2024, and ending September 30, 2025, and computed a total proposed
millage rate of 7.3900 mills which is necessary to fund the tentative budget other than the
portion of the budget to be funded from sources other than ad valorem taxes; and
WHEREAS, the Miami City Commission enacted Resolution No. R-24-0284, wherein it
directed the City Manager to submit to the PA and Miami -Dade County Tax Collector the total
proposed millage rate of 7.3900 mills, together with the required information set forth in Section
200.65(2)(b), Florida Statutes (2024); and
WHEREAS, at the First Budget Hearing held on September 7, 2024, by a unanimous
affirmative vote, the City Commission approved the total proposed millage rate of 7.3900 mills;
and
WHEREAS, Section 200.065(5)(a)(1), Florida Statutes (2024), requires that the now final
millage rate of 7.3900 mills would further require, at the time of the Second Budget Hearing, a
two-thirds (2/3rd) vote, or four -fifths (4/5ths) vote, of the members of the City Commission, on
the final determination to adopt such millage rate; and
City of Miami Page 1 of 2 File ID: 16470 (Revision:) Printed On: 8/7/2025
File ID: 16470 Enactment Number: 14318
WHEREAS, Section 200.065(2)(c), Florida Statutes (2024), requires the City
Commission to hold a second public hearing on the final budget and the proposed final millage
rate and such public hearing has occurred earlier today in this meeting;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Ordinance are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. There shall be levied an ad valorem tax on all real and personal property in
the City at a total final rate of 7.3900 mills on the dollar of the taxable value of such property for
the Fiscal Year commencing October 1, 2024, and ending September 30, 2025, computed as
follows for the purpose of:
7.1364 mills to fund the General Operating Budget.
0.2536 mills to provide for the payment of maturing principal and interest, and charges
and requirements related thereto, of voter approved indebtedness.
Section 3. The final millage rate herein adopted for the purpose of funding the General
Operating Budget is 10.73% greater than the rolled -back rate of 6.4447 mills.
Section 4. If any section, part of a section, paragraph, clause, phrase or word of this
Ordinance is declared invalid, the remaining provisions of the Ordinance shall not be affected.
Section 5. This Ordinance shall be effective as of October 1, 2024, after final reading
and adoption thereof.'
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C1ty =ttor
8/28/2024 e , ge Wy j ng III, C y ttor -y 9/17/2024
1 If the Mayor does not sign this Ordinance, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File ID: 16470 (Revision:) Printed on: 8/7/2025