Your Leading International Real Estate Company

Miami-Dade propert- tax revenue at record high, but rates lowest in 3 years | Miami Herald

Carlos Alvarez, then-mayor of Miami-Dade County in this 2011 file photo, raised property taxes during his last year in office. Declining real estate values meant the county collected less property-tax revenue that year. His successor, Carlos Gimenez, is proposing a slight dip in property-tax rates this year, but property-tax revenues should hit a new record thanks to a boom in values.

Emily Michot – Miami Herald Staff

As he heads into a reelection vote next month, Miami-Dade Mayor Carlos Gimenez enjoys at least one undeniable advantage: rising property values.

A 9.1 percent boost in values countywide allowed him to propose a $7.1 billion budget last week that includes the lowest property-tax rate in three years combined with the most property-tax revenue that Miami-Dade has ever collected.

Click Full Article for more details.

Full Article Save Article Article Feedback Share Article