M
iami-Dade's property appraiser, Tomás Regalado, is urging local governments to lower property taxes for homeowners. He cites the slowing real estate market as a reason to freeze or even reduce tax bills. According to Regalado's office, property value growth in 2025 was 8.5%, down from 10.7% the previous year.

    Regalado argues that this trend makes it unreasonable to continue raising taxes, especially for communities dealing with assessment spikes and rising costs. He points out that homeowners are already facing high tax bills, and a reduction would be a welcome relief.

    Longtime homeowner Nancy Morales agrees, saying she'd love to see her property taxes reduced from $6,000 annually. Regalado shares her concerns, particularly for condo owners who are struggling with high assessments. He believes lowering taxes would send a positive signal that the market is stabilizing and there's hope for homeowners.

    Regalado's office has not yet released detailed data for all 34 municipalities, but he's confident in the trend: property values are no longer skyrocketing, and it's time to give homeowners a break.