Miami-Dade Property Values Up 6% In 2017, Breaking New Record

Miami-Dade taxable property values are now at their highest level ever.

As of June 1, overall values are estimated to have risen 6% compared to their level 12 months ago to $291 billion, according to the county’s Property Appraiser.

Excluding new construction, the increase was 3.9%.

The number is a new nominal record, and just about equals the inflation-adjusted record of 2007 and 2008 when values were at $245 billion. According to the BLS, $245 billion in June 2007 dollars is worth about $294 billion today.

 

the newly opened four seasons in surfside added $1 billion to the property rolls:

 

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Anonymous
2 years ago

Great…invest more in transit!!

Anonymous
2 years ago

Imagine how much more growing we could do as a countywide area with more metrorail/mass transit. At least we could alleviate some of the traffic to downtown population centers.

But alas they will continue to say there’s no money for it, all while building more roads and stadiums for sports team Billionares.

Anonymous
2 years ago

Miami-Dade County = $300 Billion Dollars today.

mondocondo
2 years ago

$320 Billion if you look at the school board figures, which I guess excludes homestead. Cheers

Anonymous
2 years ago

Coastal Areas going to have budget cuts! They were banking on much higher growth rates. Inland / lower priced areas drove most of the increases.

Anonymous
2 years ago

“$245 billion in June 2007 dollars is worth about $294 million today.”

Um, what?

Anonymous
2 years ago

2% annual inflation

A. Nonymous
2 years ago

It was the billion / million typo they were referring to.

Anonymous
2 years ago

Yeah, people who are just reading the comments section didn’t get to read that typo like you did.

Anonymous
2 years ago

Bal Harbor is dying, Aventura, And Sunny Isles (-)…Interesting

Anonymous
2 years ago

Enjoy it while you can Miami. Climate change will be sinking property values very fast and very soon.

Anonymous
2 years ago

People have been saying this for decades now.

Anonymous
2 years ago

You wish

Anonymous
2 years ago

I hope so, I can’t wait to take my jetski to work. Miami, the Venice of the US.

Anonymous
2 years ago

No one talks of Ft. Lauderdale experiences of rising tides. Just for your info, there is no difference in the rising tides, so don’t get too happy broward, actually the entire east and northeast US coast line.

Anonymous
2 years ago

Let us know somewhere in this country that we can move to without having to deal with some kind of natural calamity?

mondocondo
2 years ago

The distinction being that rising seas, if true, may not be as temporary or intermittent as other types of natural calamities, and with a much broader impact. I guess other than an ice age. Cheers.

Anonymous
2 years ago

You do understand that your juxtaposition is moot when you use the premise “if true” don’t you?

Anonymous
2 years ago

Welcome to the world!

Anonymous
2 years ago

We put men on the moon. We have the technology to mitigate rising sea levels. It’s just the geniuses affected by it the most are against fixing/upgrading infrastructure, ironically under the belief it will lower property values during construction.