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Financial Overview

The Town of Miami Lakes is in excellent financial condition, as recognized by Moody’s and Fitch, with an AA+ rating for the Town’s bond issue. The Town also maintains one of the lowest tax rates in Miami-Dade County, ranking 5th amongst all of the cities in Miami-Dade County in the millage rate they impose on property values, which is the main source of funding for local governments. In 2011, the Town distributed $525,000 of unspent funds from the prior fiscal year which translated into a $75.00 dividend to all homestead exempt Town residents. The Town is one of few local governments in the County that has ever returned monies to its residents.

Town of Miami Lakes Marketplace Directory