The Real Deal Miami

Exemption cuts Riviera Beach taxes

September 03, 2008 12:02PM

Riviera Beach City Council members say keeping taxes flat in the upcoming municipal budget will be critical in creating conditions that will allow people to buy homes in a depressed housing market. The owner of a $125,000 home will pay about 21 percent less in city taxes next year under the proposed budget the city council will consider Wednesday. The city expects to bring in $29.4 million from property tax during the upcoming budget year, about $400,000 less than last year. Nonetheless, the city plans to spend 9.2 percent more than last year.