Coral Gables: Assessed Property Values versus Real Estate Prices
December 20, 2010 Leave a comment
Take a look at the real estate section of the Neighborhood Section of the Miami Herald any recent Sunday.
You will find that the assessed values of the properties are, on average, 35% higher than the sale prices of the properties (more or less selected at random).
Friends, assessed property values will continue to decline in Coral Gables. The city will be under pressure to keep raising our taxes.
The only real question for commission and mayoral candidates in the city of Coral Gables: What is your position on property taxes and fees?