Miami-Dade properties’ taxable values rose even more than initially estimated: 9.4 percent in the past year to $230.4 billion, led by double-digit increases in Sunny Isles Beach, Key Biscayne, Miami Beach and other cities, according to data released by the county’s property appraiser on Wednesday. The new figure, which represents the July 1 preliminary certification of taxable values, is above the estimated taxable value of $228.7 billion, which was released June 1. That estimate had represented an 8.6 percent jump from 2014. As real estate investors continue to fuel the market, the highest increases are found in areas where the bulk of new condominium projects are proposed. – See more at: http://therealdeal.com/miami/blog/2015/07/01/miami-dade-taxable-values-up-9-4-percent/#sthash.90fqhwDT.dpuf

Source: www.therealdeal.com