Miami-Dade Property Values Up 6% In 2017, Breaking New Record

Miami-Dade taxable property values are now at their highest level ever.

As of June 1, overall values are estimated to have risen 6% compared to their level 12 months ago to $291 billion, according to the county’s Property Appraiser.

Excluding new construction, the increase was 3.9%.

The number is a new nominal record, and just about equals the inflation-adjusted record of 2007 and 2008 when values were at $245 billion. According to the BLS, $245 billion in June 2007 dollars is worth about $294 billion today.

 

Source:  The Real Deal

Share and Enjoy:
  • Print
  • email
  • LinkedIn
  • Twitter
  • Facebook
  • Google Bookmarks

Leave a Comment