MIAMI – Miami-Dade Mayor Daniella Levine Cava has released her proposed county budget Monday and it lowers the county’s property tax rate for the second year in a row.
She said it will “provide immediate relief to residents while also ensuring that our county can continue to provide essential services.”
But the proposed 1% decrease doesn’t mean residents’ tax bill will actually go down.
Miami-Dade property values are up almost 13% this year, which would mean your property tax bill would rise along with that, counteracting the 1% tax decrease.
The average homeowner will pay $100 to $200 more in property taxes next year.
Today, I presented our future-ready proposed county budget which includes a 1% tax cut and a gas tax holiday — totaling $36 million in relief for residents.
— Daniella Levine Cava (@MayorDaniella) July 17, 2023
With this fiscally smart, compassionate budget, we’re investing in our residents’ needs today and building for tomorrow. pic.twitter.com/zwIi5u3t9E
The mayor frames the annual budget as an investment in growth. It’s almost $12 billion, with priorities being affordable housing, the countywide transportation infrastructure and climate resiliency.
It also includes a brief hiatus from the county’s six-cent gas tax.
Levine Cava called it “a smart, compassionate and future ready budget.”
County commissioners will take a look at the proposal Tuesday. A few commissioners are expected to push for further tax cuts.
“Three times, we met with all the commissioners,” Levine Cava said. “I can’t guarantee how they’ll vote. But I hope they will understand how hard we are working to balance all these interests.”
Visit the county’s website to view the proposed budget.
