Miami-Dade property values have risen significantly over the past year, a key element being the boom in new construction in the county, reported The Next Miami.
According to an official June 1 estimate released by the Miami-Dade Property Appraisal office, overall taxable values in the county increased by 10%, and the value of taxable property is now $469 billion, an increase of $43 billion compared to 2023.
Statistical data reveals that this substantial increase of $6,1 billion has come thanks to new construction.
Similarly, overall taxable property values in Miami-Dade have increased 53% since 2019, the year before the pandemic.
Now, Cuba in Miami fully reproduces the estimated taxable property values countywide as of June 1:
2024 – $469 billion
2023 – $424 billion
2022- $372 billion
2021 – $336 billion
2020 – $323 billion
2019 – $307 billion
The following section shows the number of new constructions added to the Miami-Dade County tax rolls in recent years:
2024: $6.100 billion
2023: $5.900 billion
2022: $5.300 billion
2021: $5.300 billion
2020: $7.700 billion
2019: $7.200 billion
