Your property tax rates for the next year will be decided before Oct. 1, and many Broward County cities are raising the rates.
City commissions approved fire fees and tentative tax rates and operating budgets for the 2013 fiscal year. Each city will have a second and final public hearing before it approves the budget and tax rate for the fiscal year beginning Oct. 1.
The city-by-city breakdown focuses on each city’s contribution to a residents’ tax bill, but doesn’t include taxes a homeowner would pay for public schools, county services and hospitals.
Cities like Pembroke Pines and Sunrise plan to tax the same rate as 2012. Other cities, including Coral Springs and Cooper City, proposed increasing their tax rate to pay for new projects and avoid dipping deeper into reserves. And a couple municipalities like Southwest Ranches and Margate tentatively approved a decrease in their 2013 tax rate.
“The values went up, so we’re passing the savings on to residents,” Southwest Ranches Mayor Jeff Nelson said.
Here’s a roundup of some of the Broward cities’ tentative budgets:
Commissioners gave unanimous approval to a $30 million budget Wednesday, tapping $1.5 million in reserves. No layoffs, pay cuts or furloughs are planned, but employees will not receive raises. The tax rate hike will pay for capital projects and improvements.
Proposed tax rate: $568 per $100,000 in assessed value, up from $526
Fire fee: $161.28, up from $141.89 last year, in accordance with five-year plan adopted in 2008
Final hearing: 6 p.m. Wednesday at City Hall, 9090 SW 50th Place.
City officials approved a $98.9 million general fund with a 4 percent increase in the operating millage to pay for three additional police officers and building renovations. More revenue from taxes means the city will use $1.75 million in reserves, down from $4 million in 2012.
Proposed tax rate: $486 per $100,000 in assessed value, up from $468
Fire fee: $138.10, up from $128.77
Final hearing: 7 p.m. Sept. 18 at City Hall, 9551 W. Sample Road.
Commissioners approved a $38.3 million budget on Wednesday without tapping reserves to balance the budget. No layoffs, pay cuts or furloughs are planned. Employee raises of 2.5 percent have not yet been finalized with the labor unions, but have been figured into the budget.
Proposed tax rate: $627 per $100,000 in assessed value, up slightly from $625
Fire fee: Remains the same at $128.42