As Home Inventory Increases, Miami-Dade Schools Also Get Relief

by Isaac Benmergui, Esq on September 4, 2013

Copy of goodnewsThe property tax coffers in Miami-Dade Schools have been a little light in the past year. But relief is on the way with more inventory for buyers to choose from.

The tax collection for the school system is $65 million short and relief can’t come soon enough. Although tax rolls last month rose to $200 billion with new commercial properties going up, that will be disbursed to all county agencies. And even when a tax bill is sent, it doesn’t mean that the amount will be collected. For the Miami-Dade school system, tax collections are running at about 92 percent. For areas like Hialeah, that figure is lower.

The good news is that homes are still affordable and sellers understand that now is the time to get their homes listed. Property tax payments aren’t due until March, but by then, the school system can expect a higher percentage of payments rolling in as more tax bills will be sent next year than went out this year, and appeals to tax bills will be settled by then.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

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