Thursday, July 02, 2015 / by English Real Estate Group
Developers poured millions into new homes, condos and businesses, too, adding $1.3 billion to the property tax rolls.
Between the higher values and new construction, Broward is a real estate powerhouse, with a $150.7 billion total. The figures, slightly higher than an estimate released a month ago, were announced Monday by Broward Property Appraiser Lori Parrish.
"Everybody did well," Parrish said, noting that increases were healthy even in older cities like Pompano Beach, Hollywood, Oakland Park and Hallandale Beach.
The values are based on last year's sales and construction activity.
"We simply do the math,'' she said. "The public buying and selling properties is where the numbers come from.''
Broward property value increase buoys officials
Local governments use the tax roll to determine whether to raise or lower property tax ...