MIAMI-DADE COUNTY
In May, Property Appraiser Pedro J. Garcia said property values rose for the first time in four years. On Friday, he said they rose even more than he expected.
Municipalities with the highest tax roll increases over last year tend to be coastal cities with growth, including Bal Harbour, which jumped by 35.4 percent; Indian Creek, which is up 11.8 percent, and Sunny Isles Beach, which increased by 7 percent.
Cities still reeling from the real-estate collapse tended to be inland areas that jumped on the construction bandwagon of the last decade but failed to draw residents. Florida City’s tax roll is down 6.3 percent from a year ago; El Portal’s dipped by 4.1 percent, and Homestead’s fell 3.8 percent.
Overall, single-family homes in Miami-Dade were valued at $58.6 billion. Condos account for $51 billion, and commercial property for $49.6 billion. The remainder of the $190 billion comprises multi-family properties, vacant land, and “others” — which includes some small businesses and large properties like Florida Power & Light and AT&T.
Broward County posted similar increases.
Property Appraiser Lori Parrish said Broward’s tax roll jumped by 1.5 percent over last year, with 24 of the county’s 32 municipalities seeing gains. The leader was Cooper City, which, pushed by Monterra Development’s 1,600 new homes, saw its tax roll jump 8.5 percent. Other winners include Sea Ranch Lakes at 4.5 percent; Lighthouse Point, which increased by 4.2 percent, and Wilton Manors, where the tax roll rose by 3.6 percent.
On the downside, West Park’s tax roll plunged 8.4 percent, Lazy Lake’s was down 7.2 percent, and Lauderdale Lakes saw its property values drop by 2.9 percent.
Overall, Broward’s tax roll jumped to $127.1 billion, an increase of $1.8 billion from the previous year.
Parrish attributed property-value increases in part to aggressive code enforcement that in some cases prevented abandoned homes “from falling into unsightly, unsafe and blighted states of repair.
Miami Herald
No comments:
Post a Comment