real estate at a new peak, with 8.6 percent growth countywide
Property values grew 8.6 percent across Miami-Dade at the start of 2016, with $5 billion in new construction driving tax rolls to new levels and allowing local governments to reap windfalls in revenue for the next budget year.
Every local jurisdiction saw growth in taxable values on real estate, with North Miami Beach leading the pack with a 16.6 percent gain, and Virginia Gardens bringing up the rear with a mere 0.3 percent increase.
When it comes to a hot real estate market, tiny El Portal can claim the top spot.
It saw 13.8 percent growth in the taxable value of existing properties, which are now worth $130 million.
A close second went to the Normandy Shores taxing district within Miami Beach (up 12.3 percent) and third place went to Bay Harbor Islands, with a 10.9 percent gain.
PlusUrbia Design commends the Mayor, Village Council and Administration for create such value in an historic Village.
PlusUrbia is proud to serve as the Village's Planning and Zoning staff while working to create a Form-Based Code to regulate managed growth and improve amentities in El Portal.
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