The Real Deal Miami

Miramar taxes to rise

July 02, 2009 03:58PM

Plunging property values in Miramar prompted city commissioners to raise property tax and fire fee rates. Residents now will pay to $6.90 per $1,000 of taxable assessed value from $5.4797 per $1,000 worth of property, a 26 percent hike. Commissioners voted on the increase because assessed values have fallen so far that previous rates would have left a huge budget gap. Miramar has cut its budget 13 percent, to $65 million.