Miami-Dade Taxable Values Up $17B In A Year To Highest Level Ever

Dade property values have been rising fast over the past year, according to a new report from the Miami-Dade Property Appraiser.

Property values in the county are at their highest level ever, breaking both nominal and inflation adjusted levels from the property boom last decade.

New construction helped with the increase this year, but existing property values also rose.

As of June 1, 2019, total property values in the county had an estimated value of $307.2 billion. That is an increase of $17 billion compared to the same time last year, when it was $290 billion.

The rate of increase was 5.9% when including new construction. New construction added $7 billion to tax rolls.

The rate of increase in value for existing property was 3.4%, higher than both inflation and the S&P 500 during the same period.

The city of Miami saw property values increase 9.9%, including $3.2 billion in new construction.

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Anonymous

From which $0 will be invested in a mass transportation system.

Anonymous

You are forgetting about the highway being built in the Everglades with the express lanes for buses that everyone in Kendall will use.

-Mayor Carlos Gimenez

Anonymous

Thanks Mayor!

Anonymous

But, but (insert sarcasm), city officials propose spending millions of dollars to fill in the FEC slip downtown to make an already very underused park even bigger!.. doesn’t that make you happy?

Anonymous

Seriously, we need to kick all those corrupt suburban baby boomers from our local government they are literally ruining this city.

Anonymous

“suburban baby boomers” When you’re ignorant of reality and so blind for your hatred for the demographic to mentioned. so you ignore that they’re plenty of non-suburban baby boomers in our local government that are terrible.

Anonymous

that is so sad. i ranted about it last week. you and i think a like.

Anonymous

Sadly

Anonymous

Google “Miami-Dade Budget in Brief”
It will help to be an informed citizen rather than an ignorant citizen.

Anonymous

Time to lower Property Taxes.

Anonymous

Expand the metromover to midtown!!

Anonymous

and Little Havana

Anonymous

Lol! ROFL!

-Mayor Carlos Gimenez

Anonymous

And South Beach!!!

Anonymous

North Beach

Anonymous

Mid beach

Anonymous

No

Anonymous

Some head?

Anonymous

yeah i’ll take it … horny AF

Anonymous

No

Anonymous

A quickie?

Anonymous

No

Anonymous

And Overtown

Anonymous

Liberty City

Anonymous

Okay you guys, your ideas will be seriously considered, but you must wait for this – twenty years of studying.

Anonymous

No

Anonymous

Hand job?

Anonymous

finger that taco

Anonymous

No

Anonymous

Connect Metromover to the Jacksonville Skyway, and keep it free!

Anonymous

You can’t expand it and keep it free. It’s one of the other. Why would it have to be free?!

Anonymous

Nothing is free. The Metromover and the stations require constant maintenance and cleaning. Nobody waves a finger and it’s just done.

Interested

And yet I just got a notice that they were increasing my garbage collection “fee” by $20 so they can keep picking trash up twice a week.

Anonymous

Somebody has to pay the raise I gave myself.

-Mayor Carlos Gimenez

Anonymous

We got you

Anonymous

Increase your garbage.

Anonymous

Scam Miami!

Anonymous

In Banana Republics like Miami, tax revenues get funneled to select developers with kickbacks to local elites. This is why, despite Miami’s huge tax revenues it takes from residents, the city has an embarrassing mass transit system, horrible public schools, lack of real law enforcement, and regional rail transportation gifted by government to a private rail company. Hopefully, the federal government will get a good look at Miami’s tax revenue relative to expenditures.

Anonymous

“Hopefully, the federal government will get a good look at Miami’s tax revenue relative to expenditures.”

You’re kidding, right? We have a president who said “Mexico is going to pay for the wall,” and then harangued congress over giving him money to build his wall, and you really think these same federal government officials are concerned about Miami’s tax revenues and how city officials are going to spend the money?

Somebody shake this guy and wake him up.

Anonymous

You are a moron if you think federal oversight means Trump oversight. What are you a second grader?

Anonymous

Hey, the comment means that any hope of the federal government taking a look at how local government officials in Miami spends local tax revenue on roads, mass transit, schools, law enforcement, and any other pipe dream of yours is stupid and lacking any sort of intelligence.

Anonymous

Unfortunately, a lot of commenters are reading on second-grade civics level.

Anonymous

You need to throw out your vagina hat

Anonymous

I considered that, but when I saw the ridiculous pair of balls hat on your head, I reconsidered.

Anonymous

Do you think Trump is the Federal Government? Have you graduated from the second grade?

Anonymous

Considering all the people who’s been fired or quit Trump’s administration so far, he definitely thinks he is the federal government.. but being the “Fox News” watching connoisseur that you are, noticing that about Trump goes far, far, over your head.

Anonymous

LOL harangued, big word for high regard for a Congress that would rather shill for the same costly investigation built on conspiracy theories and butthurt over 2016, or that autistic high school project known as the “Green New Deal.”

Anonymous

Only someone who conveniently forgot about that long drawn out and costly “WhiteWater” investigation would say something like that. But being the Republican you are, you can only be pitied for being so ignorant. And I just bet that somebody had to talk you into taking that gun out of your mouth when Obama was reelected.

Anonymous

You forgot. We also don’t have shore power.

Anonymous

Are you shore we don’t?

Anonymous

Good one lmaoooo

Anonymous

This post is a testament to the child that got left behind…

Anonymous

Meanwhile we can’t even finish the promised 50 miles of metro rail… #NoLeadershipInMiami

Anonymous voter

Lots of great comments on here from what seems to be passionate and involved people. One can only hope you vocalize your concerns by visiting city hall and by voting. I’m sure you don’t just vent on public websites!?!? Thank for doing your part!

Anonymous

This is a wonderful sentiment.
Glad that you can keep the comments positive.

As you can see from most of the comments, these guys dont know the difference between County and City, and have never read, let alone, balanced a budget.

Anonymous

Enough dough for mass transit expansion and even enough to expand the dock at MIC for Amtrak to move there

Anonymous

Build Metromover to Florida City.