Key Biscayne cuts tax rate

key biscayne for julyKey Biscayne has cut its property-tax rate. The village manager’s original budget proposal called for keeping the tax rate at $3.20 per $1,000 in taxable home value.

For the longtime owner of a home assessed at $475,000,the council’s decision means a village tax bill of $1,299, or about $60 less than the previous year. With the larger tax cut, the bill would have been $1,169. All of these figures assume the homeowner qualifies for the homestead exemption and that the property appreciates in value by 1.7 percent, the state limit.

The council decided to cut the tax rate because the village manager’s proposed budget had projected a surplus of nearly $1.7 million. Even after the agreed-upon tax cut, the village expects to maintain a surplus well over $500,000. The village usually socks away surplus money into its capital improvements projects fund, also known as CIP, which is used for big-ticket expenses.

The council approved the $3 tax rate by a vote of 6-1.

In addition to changing the tax rate, the council added several capital improvement projects that they would like to work on in the future. The village has added to the CIP improvements for both the Key Biscayne K-8 Center as well as MAST Academy; the money will be used to alleviate overcrowding at K-8 Center and help expand the recreational facilities at MAST.

The village also has added to the CIP plans to help establish a permanent dog park after they found the current temporary dog park at 530 Crandon Blvd. to be a success. While the location has not been finalized, several council members suggested that it will likely remain where it is.

In addition, the CIP plan calls for a new amphitheater on the Village Green, a new senior center, and renovations for the village’s public library.

Read more here:  http://www.miamiherald.com/2013/10/01/3663201/key-biscayne-cuts-tax-rate.html#!

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Key Biscayne Emergencies and Senior Important Numbers

Emergencies Numbers

Name

Telephone

Ambulance – Fire

911

Bellsouth Repairs

611

Bus Route and Information

305-770-3131

Extreme Emergency Police

911

Florida Power & Light

305-442-8770

Metro Dade Water

305-665-7488

Police Dispatch – Suspicious Activities

305-365-5555

Poison Control

800-282-3171

Village of Key Biscayne

305-365-5511

Important Number for Seniors

Name

Telephone

Village of KB Senior Coordinator

305-365-8953

Villager of KB Community C.

305-365-8900

Emergency

911

Elder Help Line

305-670-4357

Miami Dade Elder Services

305-576-1667

Home Care Programs

305-576-2511

Retired & Senior Volunteer

305-576-1667

Senior C. Homestead Exemption

305-375-4047

Senior C. Prop Tax Def

305-270-4916

Alliance for Aging

306-670-6500

Catholic Charities

305-754-2444

Dept of Children & Families

305-377-5000

Adult Protective Service

305-377-5435

Elder Abuse Hotline

800-96ABUSE

Elder Care Locator

800-677-1116

Guardianship Program of DC

305-592-7642

Jewish Family Service

305-445-0555

Social Security Admin

800-772-1213

Veteran’s Administration

800-827-1000

Emergency Contact Numbers from the Village of Key Biscayne

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Key Biscayne Real Estate Property Tax Estimator

Current or previous year’s taxes may not accurately forecast future property taxes. Property taxes can increase from one year to the next for various reasons.:

a) The market value has changed

b) The tax rate has changed

c) The Property has lost an exemption

d) A property that was receiving an Amendement 10 cap on assessed value had the cap removed because it was sold.

The Miami Dade Property Appraiser office, has created a tax estimator tool in order to help you estimate your property taxes.

Please note that the purpose of the real property tax estimator is to provide an estimate of real property taxes based upon the information you enter. The estimate is only as accurate as the information entered and it is only an approximation. The estimator will not provide actual taxes. 

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When purchasing a new property is important to understand that the value of the Taxes will be different than the values that the previous owner was paying.

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Key Biscayne Florida Real Estate and Mortgage Glossary and Definitions

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