Miami-Dade appraiser wants open books to help commercial property owners save

TRD MIAMI /
Jan.January 18, 2010 12:55 PM

Miami-Dade Property Appraiser Pedro Garcia will ask commercial property owners to disclose their rent rolls and income and expense reports to ensure that properties get fairly assessed in the wake of a severe economic downturn. While Garcia has requested such financial materials from the largest of the area’s commercial properties in the past, this year he’s targeting all commercial property owners for the first time and intends to use the information to compare rental rates in the area. Garcia said it’s too early to tell how much more property values will decline in Miami-Dade, but it’s important not to place an undue burden on business owners and landlords who are already struggling. Landlords will get three months to voluntarily submit the financial information, which will be kept confidential. “It will be for their convenience because expenses are high, rents are lower. It’s a great opportunity for them to send that information to us,” Garcia said. “We hope people send us that information so we can help them.” [Miami Today News]

 

Related Articles

arrow_forward_ios
Developers and investors file 10 new suits seeking to overturn property value assessments

Developers and investors file 10 new suits seeking to overturn property value assessments

Miami-Dade’s taxable property values rise in 2017 at a slower pace to $289B

Miami-Dade’s taxable property values rise in 2017 at a slower pace to $289B

Condo associations for two Collins Avenue towers sue to overturn 2016 property assessments

Condo associations for two Collins Avenue towers sue to overturn 2016 property assessments

What is it really worth? Property appraiser and owners square off

What is it really worth? Property appraiser and owners square off

Property Appraiser sues to raise Setai Miami Beach condo owners’ assessed value

Property Appraiser sues to raise Setai Miami Beach condo owners’ assessed value

Placeholder image

Beating the incumbent, Carlos Lopez-Cantera elected Miami-Dade Property Appraiser

Pedro Garcia

Miami-Dade County Property Appraiser: “The real estate market has hit bottom”

Placeholder image

Miami-Dade property appraiser candidates hold first debate in the Gables

arrow_forward_ios
Loading...