Miami’s real estate market has been cooling in recent years, following record highs during the pandemic. And that trend appears to be continuing, according to new numbers from the county property appraiser.
The annual report released on Monday shows a 5.5% increase in countywide values over 2025 amounts — modest growth at a rate that brought bad news to Miami-Dade’s budget staff, which had forecast growth of 7% this year. Property values rose by 8.5% last year and 10.7% the year before.
The dollar values don’t reflect market values, but rather the valuations local governments use to calculate tax bills. That effect is most recognizable in the closely watched calculation of the value of the countywide tax base. Increasing taxable property values typically indicate higher property valuations, new construction or a combination of both…