The Real Deal Miami

Miami-Dade’s tax base boosted from trophy sales

The county's taxes rose on big-ticket sales in exclusive enclaves
July 02, 2013 10:00AM

Carlos Lopez-Cantera

Carlos Lopez-Cantera

Miami-Dade County’s property tax base rose 3.39 percent for 2013, the second year of growth after the crippling real estate crash of 2008, the Miami Herald reported.

The total taxable value of county real estate at the end of last year rose to $197,133,838,984, the county’s property appraiser, Carlos Lopez-Cantera, said Monday, adding that some municipalities soared while others saw their tax bases continue to shrink.

Tiny Indian Creek Village, the site of last year’s record-breaking $47 million sale of a bayfront mansion to a Russian buyer, posted the biggest percentage gain in its tax base for 2013 at 19.5 percent, the Herald said.

Bal Harbour, home to the world’s most productive shopping center as well as the St. Regis Bal Harbour Resort, saw a 15.14 percent rise. The luxury condo towers that pierce the skyline of Sunny Isles Beach added to a 10.32 percent jump year over year to $6.9 billion in taxable value for 2013, the newspaper reported. [Miami Herald]Emily Schmall