Miami-Dade County Property Values Continue to Increase in 2018
Miami-Dade County, FL – Property Appraiser Pedro J. Garcia has released the 2018 Preliminary Certification of Taxable Values to taxing authorities in Miami-Dade County. The countywide taxable value for 2018 is $290,087,138,467, a 6.5% increase from 2017. The increase was fueled by over $5.6 billion worth of new construction value countywide.
“As the real estate market continues to strengthen, many new home owners will find it more difficult to find affordable single family homes. However, we are seeing a slight decrease in the condominium values, which may provide some relief to first time home buyers,” said Property Appraiser Garcia.
The following municipalities experienced a double digit growth, primarily driven by new construction:
- Surfside (43.5%)
- Bay Harbor Islands (17.8%)
- West Miami (15.7%)
- North Miami Beach (15.6%)
- Florida City (13.4%)
- Biscayne Park (11.5%)
- Opa-Locka (10.4%)
- Hialeah Gardens (10.3%)
The 2018 Preliminary Certification of Taxable Values allows the taxing authorities, such as county government, municipal governments, the school board and The Children's Trust, to prepare their 2018-2019 fiscal budgets, and adopt proposed millage rates, which will appear on the Notice of Proposed Property Taxes mailed to all property owners in late August.
Individual property assessments are available online at the Property Appraiser’s website. Property owners are encouraged to look up their 2018 assessments. If they have any questions or would like to review their assessment, they may visit our office in Downtown Miami (111 NW 1st Street, 7th Floor) or the South Dade Government Center (10710 SW 211th Street, 2nd Floor), Monday through Friday, from 8 a.m. to 5 p.m. For their convenience, they can also schedule an appointment online or call us at 305-375-4712.
The Notice of Proposed Property Taxes (TRIM Notice) will be mailed by August 24th, which will provide property owners with their proposed property tax and exemption benefits information.