Miami-Dade County Property Appraiser Releases 2019 Estimated Taxable Values
The Miami-Dade County Property Appraiser, The Honorable Pedro Garcia and his office have released the June 1st estimated values for the 2019 tax year. These high level figures have been released with the intention to provide the individual taxing authorities guidance in their budget preparations and continue to be estimates until the official certified values are released on July 1, 2019.
Overall, the increase in value year-over-year is consistent with the 2018 tax year June 1st estimates. The important distinction though, is where these increases are occurring. The largest increase for 2019 is in Opa-Locka where Amazon has recently opened their MIA1 Fulfillment Center. Without new construction, Opa-Locka saw an 8.3% increase year-over-year, however, when the new construction is factored in, this increase soars to over 29.8%. Other areas that have seen large growth are North Miami Beach with 15.8%; consistent with last year’s 15.1% and the City of Miami with 9.9% growth, up from 7.0% in 2018. Much like the situation in Opa-Locka, the bulk of these increases were in the new construction. In the City of Miami, new construction makes up a 6% increase and 10.8% in North Miami-Beach.
While it’s one thing to look at the increases on a percentage basis, it is important to also look at the overall impact of these value increases as a dollar figure. In Miami-Dade County as a whole, the 2019 taxable values are estimated to have increased over $17.125 Billion with new construction making up $7.213 Billion.
The amount you will pay in property taxes for 2019 is directly based on the County’s opinion of Market and Assessed Value for your property. With property values on the rise for most property types, it is important for a qualified property tax professional to review and analyze your properties to ensure that your values are fair and equitable. If you feel the value of your property is too high or just wish to have an independent review, then we encourage you to call us at (954) 282-2005 or email Brian at firstname.lastname@example.org or Nick at email@example.com.
FirstPointe Advisors, LLC is a full service ad valorem tax service provider. We provide you with the experience of a national firm with a regional focus. At FirstPointe Advisors, LLC, you come first. We strive to provide innovative solutions to your property tax needs. With our experience and first class client service, we will create an easy review and appeal process for you. Our experience spans across Florida’s 67 counties in representing owners of residential and commercial properties.