|
Getting your Trinity Audio player ready...
|
The Property Appraiser of Miami-Dade County, Tomas Regalado, has submitted the 2025 Preliminary Certification of Taxable Values to the taxing authorities.
The countywide taxable value for 2025 is $512,351,556,115, an increase of $40,825,819,594 or 8.7 percent growth when compared to 2024. Taxing authorities will use the preliminary taxable values to prepare their upcoming budgets and determine their proposed millage rates.
“The real estate market, after years of growth, appears to have stabilized. The 2025 New Construction value of over $8.6 billion has surpassed last year’s $6.3 billion growth,” Regalado said. “However, I don’t believe this trend will continue. A value decrease in certain markets will provide relief for taxpayers, unless your local governments increase their tax rates.
“I urge my elected colleagues to consider reducing their respective tax rates to alleviate the housing crisis,” he concluded.
The 2025 Preliminary Certification of Taxable Values allows the taxing authorities, such as county government, municipal governments, school board, and The Children’s Trust, to prepare their 2025-26 fiscal budgets and adopt proposed millage rates, which will appear on the Notice of Proposed Property Taxes (commonly referred to as the TRIM Notice) mailed to all property owners by Aug. 24. This notice will provide property owners with their proposed property taxes and exemption benefits information.
Property Appraiser Regalado encourages property owners to review their individual property values online at www.miamidade.gov/PA/. Property owners who have questions or want to review their assessment with staff may call the offices at 305-375-4712 or submit queries by visiting www.miamidade.gov/PASubmit.
ABOUT US:
For more Miami community news, look no further than Miami Community Newspapers. This Miami online group of newspapers covers a variety of topics about the local community and beyond. Miami’s Community Newspapers offers daily news, online resources, podcasts and other multimedia content to keep readers informed. With topics ranging from local news to community events, Miami’s Community Newspapers is the ideal source for staying up to date with the latest news and happenings in the area.
This family-owned media company publishes more than a dozen neighborhood publications, magazines, special sections on their websites, newsletters, as well as distributing them in print throughout Miami Dade County from Aventura, Sunny Isles Beach, Miami Beach, Coral Gables, Brickell, Coconut Grove, Pinecrest, South Miami, Kendall, Palmetto Bay, Cutler Bay and Homestead. Each online publication and print editions provide comprehensive coverage of local news, events, business updates, lifestyle features, and local initiatives within its respective community.
Additionally, the newspaper has exclusive Miami community podcasts, providing listeners with an in-depth look into Miami’s culture. Whether you’re looking for local Miami news, or podcasts, Miami’s Community Newspapers has you covered. For more information, be sure to check out: https://communitynewspapers.com.
If you have any questions, feel free to email Michael@communitynewspapers.com or Grant@communitynewspapers.com.
