Got Your Property Tax Bill from Miami-Dade and Coral Gables?

The so-called property tax bill (“Notice of Proposed Property Taxes and Proposed or Adopted Non-Ad Valorem Assessments” Miami-Dade County Taxing Authorities) shows that your tax bill may go up by 9.3%.

If you live in Coral Gables, 24% of the increase is from the City of Coral Gables, 37% is from Miami-Dade County, 21% is from the school district, and 14% is from voter-approved debt payments, and the balance in minor items.

These are huge increases in property taxes given that the inflation rate is around 1% or less.  One may wonder if governments can be so insensitive about the consequences of such big increases.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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