Tuesday, July 2, 2013

July 1, 2013 – Certification of Taxable Value released by Miami-Dade Property Appraiser . How will this affect your services and property tax rate?

The Miami-Dade Property Appraiser released the July 1, 2013, Certification of Taxable Value - to the County’s taxing authorities which include county government, the 35 municipal governments, School Board, Children’s Trust and the State regional districts.  The release of July 1, 2013 certification is the information used by the County, municipalities and various other taxing authorities in their various budget preparations for the 2013-2014 budgets.

Martha Brannigan of the Miami Herald reported in Miami-Dade tax roll up 3.39 percent, that "Miami-Dade County’s property-tax base rose 3.39 percent for 2013, marking the second consecutive year of growth after the great real-estate crash that crippled the region’s economy and forced many local governments into painful downsizing.

News was not good for all municpalities however, as the report went further to document that for some, "... the recovery remained spotty across the sprawling and diverse county, with some municipalities posting big gains and others still seeing their tax base shrink."

Palmetto Bay is one of only 6 under performing municipalities; those in negative numbers for the 2013 certified tax roll. The other 2013 declining cities are Hialeah, Opa-Locka, West Miami, Florida City and Miami Gardens.

Related prior posts:  Is the Miami-Dade County Property Appraiser mistaken? Palmetto Bay's drop is alarming. Is this a signal of the need for change? (June 3, 2013);

Cutler Bay led the South Dade rebound for this year with an increase of 3.77%, out pacing the County-wide average. 

% of change from 2012 (increases are noted in black, declines are in red)
  2.12%  Coral Gables  
 0.46%  South Miami
 2.67%   Pinecrest     
-0.62%  Palmetto Bay
  3.77%  Cutler Bay
  0.12%  Homestead
 -5.58% Florida City
  1.90%  Unincorporated Miami-Dade
  3.39%  Miami-Dade County (Countywide) (affects all property taxpayer in Miami-Dade
                County regardless of which municipality or unincorporated area the property is
                located)

CLICK HERE to download and review the full comparison chart for each taxing district.  This provides much more detailed information from the partial listing above.

2 comments:

  1. AnonymousJuly 02, 2013

    This is bleak. Who would have ever thought that Palmetto Bay would be one of 6 poor performers. The council needs to step up its game as the mayor is not going to accomplish anything positive. You are known by the company you keep.

    ReplyDelete
  2. AnonymousJuly 02, 2013

    The time is now to unincorporate. Back to the County.

    ReplyDelete