Miami-Dade County taxable property value posts first double-digit growth since 2007
Property values in Miami-Dade County increased at an overall annual rate not seen in 15 years, according to data released Wednesday by the county’s property appraiser.
The taxable value of properties rose by $34 billion to a total of $372 billion, or a whopping 10.2% jump, between 2020 and 2021.
Pedro J. Garcia, the Miami-Dade property appraiser, said in a statement the county last saw an overall double-digit increase in values in 2007. The 2021 growth rate nearly triples the level of increase recorded in 2020, when South Florida’s taxable property values rose significantly in spite of widespread economic impact from the start of the ongoing COVID-19 pandemic.
Rebecca San Juan
Miami Herald