Miami-Dade Taxable Value Certification Shows Strong Real Estate Market Growth
MIAMI – Miami-Dade’s 2023 Taxable Value Pre-Certification continues to see strong growth in the real estate market.
The county’s taxable value for 2023 shows a 12.7% increase over 2022.
These values will be used by the tax authorities to prepare upcoming budgets and determine their proposed mileage rates.
The value of new construction in the county increased by just over $6 billion, with the city of Miami still seeing the largest increase in new construction with over $1.4 billion in growth.
“An unprecedented record increase in taxable value this year of nearly $48 billion has generated windfall gains for our local tax authorities. height; therefore, I am asking our local governments to consider lowering their tax rates,” said real estate appraiser Garcia.
How will it affect you?
The 2023 taxable value pre-certification allows tax authorities to prepare financial budgets for 2023-2024 and accept proposed property tax rates, which will be specified in the Notice of Proposed Property Taxes mailed to all County property owners by August 24.
The notice provides property owners with information about proposed property taxes and benefits.
Property owners with questions or who would like to discuss their valuation with staff may call 305-375-4712 or submit a request at www.miamidade.gov/PASubmit.
