Thursday, August 4, 2011

Pembroke Pines gives tentative approval to slight cut in property tax rate

The City Commission gave tentative approval to a slight property tax rate decrease Wednesday night.
The proposal could lower property taxes by 1 percent. Residents now pay $56.88 per $10,000 of property value. Under the lower rate, they would pay about $56.37 per $10,000.

An average Pembroke Pines home with a value of $180,300 with the $50,000 homestead exemption would incur $734.50 in taxes next year, down about $6.60 from this year.

City staff showed commissioners a preliminary breakdown of next year's $302 million spending plan Wednesday night.

Spending would increase in the general fund, in which the city faces a $2.2 million deficit, by about $2 million, but only because of inflation, said Assistant City Manager Aner Gonzalez.

No major cuts have been identified. Instead the city would focus on reducing costs a little across the board, Gonzalez said.

The financial outlook is the brightest it's been in a few years, he said.

Property values went up just half a percent, much improved over last year's 11.4 percent decrease.

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