Saturday, June 1, 2013

The June 2013 Estimates of Taxable Value was released. Gainers for the most part, with a few losers. Miami Herald reports: Good news for Miami-Dade: Property values are increasing

Remember, this is the estimate. The actual tax roll comes out the first of July.

Looking at a few nearby municipalities. The 2013 estimate is to the left. I have posted the 2012 numbers for comparison, posted to the right.

Palmetto Bay drops from an estimate increase of 2.18 in 2012 to a slight reduction in 2013 of 0.7%.

Newly released 2013                        Estimate- 2012      New Construction (millions of dollars)

  2.00   Coral Gables                          1.25                           $75,000,000
  0.02   South Miami                         1.15                            $17,000,000
  2.60   Pinecrest                                2.52                           $28,000,000
 (0.70) Palmetto Bay                         2.18                           $  2,000,000
  3.10   Cutler Bay                              0.01                           $17,000,000
  1.60   Unincorporated (UMSA)   (0.78)
(0.40) Homestead                            (3.71)                         $31,000,000
  3.10   Countywide                            1.48
  4.40   School Board                         2.24

Coral Gables and Pinecrest remain strong. Cutler Bay has charged forward this year. New construction tells a story here (new construction includes renovations): Coral Gables leads the cities I have listed with $75 Million in new construction. Homestead $31 Million. Pinecrest $28 Million. Cutler Bay and South Miami lists $17 million.  Palmetto Bay is far, far behind at only $2 million.  

CLICK HERE to view the complete 2013 Estimated Taxible Values by Taxing Authority, from the Miami-Dade County Property Appraiser.

The preliminary estimate allows the local taxing authorities; the County, municipalities, Children's Trust, Library, Fire, Etc., to being their budget preparations in earnest.

There is usually a slight difference in the final numbers released in July.


  1. AnonymousJune 02, 2013

    What has happened to Palmetto Bay? It is a sad day when we can no longer keep pace with our neighbors.

  2. AnonymousJune 02, 2013

    I am sure that our current mayor will spin this into how this is great news for Palmetto Bay taxpayers.