Hallandale Beach lowers tax rate, holds steady on fire fee

Homeowners will pay the same fire fee and a lower tax rate next year thanks to rising property values.

Commissioners on Tuesday gave final approval to the $55.7 million budget for the fiscal year that begins Oct. 1.

Even with the lower tax rate, Hallandale Beach will collect the same amount of tax money it did last year because of an increase in property values.

Homeowners paid $568 per $100,000 of assessed value this year. Next year, they will pay $519.

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A resident of a home with a taxable value of $180,000 will pay $945 in city taxes next year compared with $1,023 this year.

City taxes represent about one-fourth of the entire tax bill. Taxing entities like Broward County, the Broward County School District and other taxing authorities account for the rest.

Hallandale Beach residents will continue to pay a yearly $145 fire fee, generating $5.6 million for city coffers.

The rate remains below the county average of $220, city officials say.

Last year, Hallandale Beach tapped $4.3 million in emergency reserves to help balance the budget. City officials do not plan to dip into reserves next year.

Citywide salaries will increase by $1.4 million thanks to step raises and 2.5 percent cost-of-living increases.

sbryan@tribune.com or 954-356-4554

Copyright © 2014, Sun Sentinel

Article source: http://www.sun-sentinel.com/local/broward/fl-budget-hallandale-brf-20140930-story.html?track=rss

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