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Documentary stamp taxes: Miami-Dade County’s documentary stamp tax — commonly referred to as a real estate transfer tax in many states — is structured differently than the rest of Florida ...
Miami-Dade County Mayor Daniella Levine Cava prepared a 2023 budget with a 1% cut in property-tax rates, which was less than the 3% reduction sought by other elected officials as property values ...
Levine Cava’s $10.3 billion spending plan for the budget year that starts Oct. 1 has a countywide property-tax rate of $462 per $100,000 of taxable value. That’s compared to the current rate ...
Florida property tax homestead exemption reduces the value of a home for assessment of property taxes by $50,000, so a home that was actually worth $100,000 would be taxed as though it was worth only $50,000. However, the second $25,000 of homestead coverage does not apply to the school portion of property taxes, and only applies to the third ...
The government of Miami-Dade County is defined and authorized under the Constitution of Florida, Florida law, and the Home Rule Charter of Miami-Dade County. [1] Since its formation in 1957, Miami-Dade County, Florida has had a two-tier system of government. Under this system, Miami-Dade comprises a large unincorporated area and 34 incorporated ...
Many property owners simply abandoned the property and did not pay the taxes. Under state law, the state could not sell the property for less than its assessed value. To remedy the situation, in 1937, the Florida Legislature passed the Murphy Act. The Act permitted the state to sell tax delinquent property for what could be obtained.
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