Broward County real estate value soars 10%, reflecting frenetic demand for homes, offices
.JPG "Broward County’s taxable property value jumped 10.6% overall, to about $244 billion last year. Above: People make their way down East Las Olas Boulevard in Fort Lauderdale, Florida, on Monday, April 26, 2021.")
Broward County saw taxable property values jump 10.6% overall, to about $244 billion last year, up from $220 billion in 2020, thanks in part to new development, according to data released Wednesday by the county’s property appraiser.
The largest year-over-year increase came in a taxing district covering a new development called Plantation Gateway 7, with a 30.24% hike. Two other taxing authorities, Sunrise Key and Lauderhill Habitat Safe Neighborhoods, followed with increases of 23.57% and 20.43%, respectively.
The rising values make it especially hard for prospective first-time home buyers.
Rebecca San Juan
Miami Herald