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.