Miami Dade County will have to slash that budget more than they thought with this 13% drop...or raise your taxes. According to the South Florida Business Journal the County confirmed yesterday:
...that the taxable value of existing property fell 13 percent compared to the previous year, excluding new construction value.
That’s even worse than a preliminary report released last month by the county’s property appraiser that showed a year-over-year decline of 9 percent or $22.55 billion. The 13 percent drop translates to a $31.8 billion decline.
The figures, contained in the final 2009 preliminary tax roll released Wednesday, verify a countywide taxable value of $213.8 billion of existing properties, compared to $245.6 in 2008.
When adjusted for new construction of $8.4 billion, the 2009 countywide taxable value came in at $222.1 billion, a net decline of $23.4 billion or 9.5 percent.
13 comments:
The numbers are really lower since foreclosures were not included in the county tax calculations.
They already threatened to raise taxes before this increased decrease.
I am not an anti-tax fanatic, but if the county raises taxes now, I will do everything I can to keep that public outrage center stage. Raise taxes while bulding a baseball stadium that the public doesn't support? Shame on Carlos Alvarez and George Burgess. They need to do their jobs and reign in the spending. I doubt, however, that they have the competence or the inclination to do it.
I have an idea: let's build another professional sports stadium! It will be a great diversion. We could turn the Performing Arsht Center into a velodrome.
The county gives you two years to pay your property taxes. Impossible to make a budget when you have such high delinquency of payments.
Speaking of another professional sports stadium, have you seen what the City of Miami is doing on Virginia Key -- an international sports conglomerate!
The only County general or special taxing district that saw a rise in revenue was the Downtown Development Authority. Nice work DDA attracting investment in high-density projects near jobs and transit! That's smart growth! IJR
With property values dropping like rocks, we need more construction to get us back on track. At least that seems to be the mentality of Crist and local politicians. Never fear, the baseball stadium is going to be an economic engine that will pull us out. Stupidity at its most dangerous!
The property values downtown went up because of so much new construction. The idiots at the DDA have still done nothing to get long time slumlords to fix their properties. Maybe if the nimrods at the DDA would leave their high rent offices they would see what a dump downtown has become.
I sure hope the overpaid underworked DDA staffers do not ask for more taxes from hard working citizens.
Commissioners need to force Carlos Alvarez and pension vested George Burgess to lay off 3,000 Miami-Dade County employees. The problems include taxes being too high and there are too many people on the payroll. You cannot get blood from a stone. Taxpayers are overburdened already. You must lay off excess employees.
If property taxes are going down 13% then Miami-Dade County Commissioners must lay-off 20%, or more, or 4,000+ employees from their bloated payroll of 40,000. At least 4,000 employees need to go.
8-9 County Commissioners, and three City Commissioners, have diverted tax dollars from local needs to pay for a baseball stadium that will benefit a New York City based private owner. (Loria). Over $2 bil is being diverted.
That is what we get when we elect idiots.
the commissioners should layoff some of their own employees, and I don't mean that they should find them different jobs in the county thereby laying off other county employees.
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