The millage rate for Miami Lakes homeowners is expected to remain flat in the next fiscal year that begins Oct. 1.
The town council decided July 14 to tentatively cap the existing rate of $2.3127 per $1,000 of assessed residential property values.
If kept, the rate would generate $8 million in revenues for the town’s proposed $17.65 million general fund budget.
A property owner with a home valued at $450,000, less homestead exemptions, will pay about $878 for the town portion of their total property tax bill, Town Manager Edward
Pidermann said.
Despite an economy slowed by the COVID-19 outbreak, Pidermann said services will not be cut. He does not plan layoffs among the 32 full-time and 19 part-time municipal employees.
Capital improvements -- road and sidewalk repairs and drainage projects -- will proceed as scheduled.
Officials won’t know how many companies may have closed due to the pandemic until the town receives business tax receipts that are due by the end of September.
The town is continuing to focus on providing public safety services, a top priority for residents.
Police services and school crossing guards are budgeted at $8.6 million; Miami-Dade Police officers have patrolled in town since its incorporation 20 years ago.
The proposed millage rate, budget and FP&L franchise fees will be discussed at two hearings, on Sept. 8 and 22, at 7:30 p.m.