Understanding How Property Tax Changes Could Impact Your Daily Life
Your Property Taxes at Work: Supporting the Services You Rely on Every Day
From the roads we travel and the parks we enjoy to public safety and essential City services, property taxes play an important role in supporting the programs and services that contribute to the quality of life in Miramar. Property tax revenue helps fund many of the services residents rely on daily, including police and fire rescue services, road and infrastructure maintenance, parks and recreation, community programs, and other essential municipal operations.
These services help maintain safe neighborhoods, support community well-being and contribute to making Miramar a great place to live, work and play. While property taxes are one of several revenue sources that fund City operations, they are an important part of the City's annual budget and its ability to deliver services to residents. Understanding where your property tax dollars go helps you better understand the services they support and their impact on our community.
Programs and Services Supported by Property Taxes are:
- Police, fire-rescue, and Emergency Management Services (EMS) staffing
- Road resurfacing, traffic operations, and stormwater improvements
- Parks, recreation programs, and cultural initiatives
- Senior services, youth programs, and social service support
- Capital improvement projects and infrastructure maintenance
- Long-term bond stability and overall financial sustainability
If approved, the homestead property tax exemption increases from $50,000 to $150,000, beginning January 1, 2027 and further increase the exemption to $250,000 beginning January 1, 2028. It will also reduce the largest local revenue source and the cap on annual assessment increases for non-homestead properties from 10% to 5%. Such reductions would impact City programs and services funded by property tax, like:
The projected annual revenue loss in year one is $19M!
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