Watch CBS News

Miami Beach Approves Slight Tax Decrease

MIAMI BEACH (CBSMiami/The Miami Herald) – If you live on Miami Beach, you will pay a little less on your taxes next fiscal year.

According to CBS4 news partner, The Miami Herald, some businesses will pay more in fees and for permits.

City commissioners gave final approval for the 2013-14 budget, which leans on resort taxes and union concessions to stay in the black.

Under the approved budget, Miami Beach residents will pay $6.12 per $1,000 of taxable property.

According to the math by the paper, a typical Miami Beach resident with a home valued at $200,000, with the standard homestead exemption and the cap in increased home values that is mandated by state law, would pay $938 in taxes to the city. That's about $14 less than this year.

Businesses, meanwhile, face new fees for permitting grease traps. Owners of overcrowded nightclubs will be charged $4 per person over capacity, which is $1 more than before. Everyone will face a new false fire alarm fee.


View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.