Miami-Dade tax rolls slightly better than last month’s estimate
07/01/2014 12:31 PM
07/01/2014 12:32 PM
Miami-Dade’s property-tax rolls ended up slightly higher than originally forecast, with the countywide values up 6.8 percent rather than the original forecast of 6.5 percent.
The report issued Monday by the appraiser’s office lists Miami-Dade’s property-tax roll at $210.544 billion, up from the June 1 estimate of $209.937 billion.
The higher estimate will give Miami-Dade some extra dollars for this coming year’s budget, since higher real estate values generate more property-tax revenue. But it will mean only a marginal bump. When the June estimates came in higher than the expected 4 percent gain, initial estimates had the windfall of two-and-a-half percentage points amounting to about $20 million more for a budget topping $6 billion.
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