Property tax values in Key Biscayne and Miami-Dade County are rising, with the county's estimated taxable value for 2024 at $468.6 billion, a 10% increase from 2023. Key Biscayne's taxable value has increased by 7.2% to $10.7 billion. This could lead to higher property taxes, sparking calls for reduced millage rates. However, due to the Save Our Homes Act, the 7.2% increase may not directly result in a tax hike for Fiscal Year 2025. Property owners are encouraged to verify their values online or seek help from the county's appraiser's offices.
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