City of Doral Lowers Millage Rate for 2012-2013 Fiscal Year.

The vote will need to be ratified at the Budget’s 2nd hearing on Sept. 19th

 Doral, FL – With a 4 to 1 vote decision, the City of Doral Council voted to set the millage rate for Fiscal Year 2012-2013 at 2.2430 mills, hence lowering the millage rate set for FY 2011-2012.

 The vote took place during the first budget hearing for FY 2012-2013. The millage rate set by the City Council means property owners will be taxed $2.2430 for every $1,000 of assessed taxable value.

 The FY 2012-2013 Miami-Dade County Appraiser’s projections reflect an 8.68% increase in property values for the City of Doral as compared to the previous year.

 The Council voted unanimously to approve and adopt a balanced budget in first reading pending changes reflecting the new millage rate.  The second and final budget hearing will take place on September 19th at 5:01 PM at the Council Chambers located at the new City of Doral Government Center, 8401 NW 53rd Terrace, Doral, FL 33166. The FY 2012-2013 budget goes into effect on October 1, 2012.