Real Estate Taxes Higher Relative to Income in FL and Miami-Dade

See a major study on real estate taxes across 50 states .  While Florida does not seem to bad, information shows that real estate taxes are relatively higher as a share of median income in Florida compared to other states.  It is even worse for Miami-Dade Country (presented later).

The median property tax paid on a home in Florida was $1,773.00, ranking it at No. 23. New Jersey homeowners paid $6,579.00; in Louisiana, the median homeowner paid only $243.00. The median property tax paid nationwide was $1,917.00.

As a percentage of the home’s value, Florida ranked No. 22 based on a median home price of $182,400. New Jersey again ranked No. 1 based on a median price of $348,300, while Louisiana’s median home value was $135,400. The national median home value used for the study was $185,200.

Using a percentage of homeowner’s income, Florida ranked No. 18 based on a median of $53,595.00 per household. New Jersey’s median income was $88,343.00, while Louisiana homeowners made $50,545.00. The national median income was $63,306.00.

via State Real Estate Taxes: Florida in Middle of the Pack | Southwest Florida Blog.

Disaster Risks in Latin America

Many Latin American countries still treat disaster risk as a low priority matter, assigning very few funds mainly to disaster response, rather than to disaster preparation.  Smaller countries depend on international assistance during crises.

A new edition of Indicators of Disaster Risk and Risk Management details the potential economic losses a group of 17 countries in this region could suffer in the event of a natural disaster and evaluates how effective their governments are in managing these risks. The indicators show that the region’s systems and policies to manage disaster risk are still unsatisfactory – five years after the indicators were introduced by the IDB.

via Natural disaster risks remain high in Latin America | InsuranceERM.

My Fellow “Friends and Unions”

In time of financial crisis our politicians suddenly take interest in the “quality of life,” public security and social services.  Has anyone ever seen an objective analysis of how much “public security” a city needs, at what cost and the number of actual police that are needed to produce it–not in Miami-Dade, I am sure.

In many localities, if police were better organized, had fewer “jefes”, then one could get along with fewer police–that is my hypothesis, but no one wants to raise that question .  We could have fewer police (or the same number of police)  with lower salaries, pensions and other benefits, and still have the same exact amount of public security.  So the issue is not the “budget,” but what government employees should earn during an economic crisis and whether there are groups that are exempt from sacrifices the whole community is making.

Think of this when you read the words of Mayor Alvarez.

Mayor Alvarez came out swinging against Braman at a luncheon Thursday hosted by the South Florida Hispanic Chamber of Commerce, saying his proposed budget was carefully designed to preserve public safety and social service safety nets while holding down spending. Alvarez emphasized that he only proposed the budget, which had to be approved by the commission before being implemented.

via Petition drive launched to recall five Miami-Dade Commissioners – Miami-Dade Breaking News – MiamiHerald.com.

What Think the Candidates? (Part 2)

The taxpayers of Coral Gables are still waiting for the views on the city’s budget, taxes, spending, salaries and pensions of numerous candidates for city office of commissioner or mayor .

Must we assume for now that they are all complacent about of the budget and associated taxes?