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South Florida

SF cities see value increase

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A total of 20 South Florida cities saw an increase in their taxable
property value from 2010, according to estimates released by county
property appraisers. Overall, commercial and residential property values
decreased, but single digits declines were far smaller than the
double-digit falls of years past. “We’ve got 10 cities whose taxable
estimate went up, and we have 21 cities whose taxable estimate went
down,” said Lori Parrish, Broward County Property Appraiser. “We’ve seen
several areas where values have gone up — predominantly on the east
side of town near the water and in some higher-end communities out
west.” Miami-Dade County also saw 10 cities with value increases. [Miami
Herald]