City of Coral Gables

File #: 17-6520    Version: 1 Name:
Type: Ordinance Status: First Reading
File created: 9/5/2017 In control: City Commission
On agenda: 9/14/2017 Final action:
Enactment date: Enactment #:
Title: An Ordinance providing for the levy of taxes for the Fiscal Year beginning October 1, 2017 and ending September 30, 2018; 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, 2017.
Attachments: 1. FY18 Cover Letter - Adoption of Tax Levy - 1st Hearing, 2. FY18 Ordinance for Levy of Taxes - 1st Hearing

Title

An Ordinance providing for the levy of taxes for the Fiscal Year beginning October 1, 2017 and ending September 30, 2018; 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, 2017.

Body

At a budget workshop on July 11, 2017, the City Commission adopted a tentative millage rate for Fiscal Year 2017-2018 of 5.559; unchanged from the 5.559 rate adopted for Fiscal Year 2016-2017.  The tentative millage rate of 5.559 was used by the Miami-Dade County Property Appraiser to prepare the 2017 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 place of the first public hearing to discuss the Fiscal Year 2017-2018 Annual Budget.