City of Coral Gables

File #: 25-9529    Version: 1 Name:
Type: Ordinance Status: Adopted
File created: 8/13/2025 In control: City Commission
On agenda: 9/25/2025 Final action: 9/25/2025
Enactment date: 9/25/2025 Enactment #: 2025-27
Title: An Ordinance of the City Commission providing for the levy of taxes for the Fiscal Year beginning October 1, 2025, and ending September 30, 2026; fixing the rate of such levy; providing for the segregation and the application of the proceeds of such levy; providing for the separability of the provisions hereof; and providing that this ordinance shall become effective October 1, 2025.
Attachments: 1. O-2025-27 - Signed, 2. FY26 Cover Letter - Adoption of Tax Levy - 2nd Hearing, 3. FY26 Ordinance for Levy of Taxes - 2nd Hearing, 4. R-2025-265 - Signed - Tentative Millage 7-2-2025

Title

An Ordinance of the City Commission providing for the levy of taxes for the Fiscal Year beginning October 1, 2025, and ending September 30, 2026; fixing the rate of such levy; providing for the segregation and the application of the proceeds of such levy; providing for the separability of the provisions hereof; and providing that this ordinance shall become effective October 1, 2025.

 

 

Body

On July 2, 2025, the City Commission adopted a tentative millage rate for Fiscal Year 2025-2026 of 5.5590; unchanged from the 5.5590 rate adopted for Fiscal Year 2024-2025.  The tentative millage rate of 5.5590 was used by the Miami-Dade County Property Appraiser to prepare the 2025 Notice of Proposed Property Taxes that was sent to the Coral Gables property owners as a notification of their potential property taxes, as well as the date, time and meeting information for the first public hearing to discuss the Fiscal Year 2025-2026 Annual Budget. The date, time and place of the 25nd public hearing was included in the "notice of Proposed Tax Increase" advertised on Sunday, September 21, 2025 in the main section of the Miami Herald as well as in the display case in the main entrance of City Hall.

 

Recommended Action

Adopt the Ordinance.