Funding for the Davie Community Redevelopment Agency (CRA)
The CRA is funded by property tax dollars dedicated to the redevelopment of our community. The CRA collects funds for the redevelopment trust fund from six bodies located within Broward County. The six bodies are:
Town of Davie
Central Broward Water Control District
South Broward Hospital District
North Broward Hospital District
Children Services of Broward County
The amount collected from each of these entities is determined by the increment which is the difference between the current year total valuation and the base year valuation of property within the CRA area. This value is taken times the tax rate of the individual bodies and this value is taken times 95%. The power of the CRA to tax a redevelopment trust fund is found in §.163.353. The formula for the collection of the taxes is given in §.163.387 (1).
Taxable Value from 2018-2022
Tax Increment Financing (TIF) Sources
The fiscal year for the CRA begins Oct. 1 and ends Sept. 30.