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South Florida

New construction fills tax gap

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Property tax values are set to drop even further next year as building slackens. Miami-Dade County property values fell by 9.2 percent in 2008, but new construction softened the blow, which would have dropped by 12.1 percent. Miami-Dade Property Appraiser Pedro J. Garcia said the $7.2 billion worth of construction prevented double-digit freefall. 

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Property Taxes