Increased House Sales Not Really So Great For Local Governments

February 23, 2011 Leave a comment

Increases in home sales in South Florida should lead to a reduction in assessed property values and further reductions in city and county revenues at the current tax rates.

This may lead to increases in property taxes and fees next September just to hold the line on tax revenues.

When will the commissions of Coral Gables and the county get us off this roller coaster.

Filed under Coral Gables, Miami-Dade County

Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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