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Biscayne Park asks staff to model fiscal impact of proposed state property‑tax elimination
Summary
Facing a state proposal that would phase in larger homestead exemptions, Biscayne Park commissioners directed staff to prepare a local fiscal impact analysis and coordinate with Miami‑Dade County; finance staff warned the village relies on property tax for roughly 80% of its revenue, making it especially vulnerable to revenue loss.
Biscayne Park’s commission directed village staff to prepare a fiscal‑impact analysis after a briefing on state legislation that would sharply expand homestead exemptions and could, if approved and implemented, eliminate municipal ad valorem property taxes for qualifying homeowners.
Finance Director Paul told the commission the village currently draws about 80% of its revenue from property taxes and said Biscayne Park — which is largely residential and…
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