In a recent government meeting, officials discussed the rising property values in Miramar and their implications for residents. The average taxable value of a homesteaded single-family home has increased from $239,018 in fiscal year 2024 to $247,689 in fiscal year 2025, resulting in a tax bill increase from $1,701.14 to $1,762.85. This $61.71 increase is attributed solely to the rise in property value, not an increase in the city's millage rate, translating to an additional $5.14 per month for homeowners.

Similarly, the average commercial property, measuring 15,888 square feet, saw its taxable value rise from $790,857 to $833,105, leading to a tax increase of $301 for the year, or approximately $25.08 monthly.

City officials emphasized the availability of various exemptions through the Broward County Property Appraiser's office that could alleviate some tax burdens for eligible residents. Notable exemptions include those for low-income seniors, long-term residency seniors, veterans, and individuals with total and permanent disabilities. The deadline for applying for these exemptions is September 18, 2024.

To assist residents, the Broward County Property Appraiser's office will be present at a senior resource fair this Saturday at the Multi-Service Complex, located at 67100 Miramar Parkway, from 10 AM to 1 PM. They will provide guidance on completing exemption applications, particularly for seniors and disabled individuals. Residents are encouraged to take advantage of these resources to potentially reduce their property tax assessments.