The Real Deal Miami

Property tax sag to cause shift in town budgets

June 12, 2008 07:35PM

The Miami-Dade Property Appraiser’s Office preliminary tax roll, showing the first decline in taxable property values in the last 25 years with the exception of 1993, has prompted the towns of Aventura, North Miami Beach, Sunny Isles Beach and Miami Beach to seek strategies for providing municipal services for less money. Aventura’s taxable property values fell 4.2 percent, from $9.61 billion last year to about $9.2 billion.. Countywide, the value of taxable property is preliminarily assessed at $238 billion, a 2.7 percent decline from last year. The county appraiser’s office will release a final tax roll in early July.