Wednesday, June 6, 2018 / by Leon Zhivelev
MARKET UPDATE: 6% Rise in Property Values In Miami-Dade County in June 2017 - June 2018
According to the county’s Property Appraiser, as of June 1, overall values are estimated to have risen 6% compared to their level 12 months ago to a whopping $291 billion.
The total gain to the county tax rolls from property values and new construction was 6%, which is a new record for a single 12 month period. Excluding new construction, the gain was 3.9%.
This is a new record but it just about equals the property values in Dade-County from 2007-2008 when adjusted for inflation over time. $256 Billion in June 2007 is worth about $294 Billion Today.
Inflation Calculator
The total gain to the county tax rolls from property values and new construction was 6%, which is a new record for a single 12 month period. Excluding new construction, the gain was 3.9%.
This is a new record but it just about equals the property values in Dade-County from 2007-2008 when adjusted for inflation over time. $256 Billion in June 2007 is worth about $294 Billion Today.
Inflation Calculator
