In a putative class action suit filed against Miami earlier this week, Milan Investment Group claims a new real estate tax on Downtown properties violates the Florida constitution.
The property owner, located at 2501 South Douglas Road, said neither the city nor the Miami Downtown Development Authority has the authority to levy the extra tax on top of citywide property taxes. The tax goes to fund the DDA, an independent public agency that recruits businesses to the area, the lawsuit said.
Milan Investment Group, which hopes to represent a class of property owners, is requesting that the court declare the measure unconstitutional. The city commission approved the measure last week, as part of the budget.
The Downtown properties owned by the landlord are unknown. Law360 could not reach a DDA representative for comment. [Law360] — Mark Maurer