The Real Deal Miami

Tax assessments push up values

April 20, 2009 12:56PM

The housing market may be falling, but not if you ask tax assessors. Sunny Isles Beach resident Stephen Czuchta said he was astonished to learn that his condo had jumped 20 percent in value in a year. Property tax notices will go out in late August, and many residents will see assessments that in no way match what their homes will fetch on the market, particularly for owners who hold properties as investments.