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20 largest office buildings paid $51 million in taxes

Mar 15, 2018

Property owners might gain new appreciation for large office buildings nearby as a result of new research that indicates office towers offset real estate tax obligations for surrounding properties while also providing revenue for the county. Thomas Dixon of Dixon Commercial Real Estate finds the largest office buildings contributing about $51 million to Miami-Dade in 2017 property taxes. Reviewing the 20 largest multi-tenant properties within Miami-Dade, findings show how the investment per square foot of rentable space changed from 2016 to 2017. Mr. Dixon sees factors such as a building’s age and whether it was recently sold as influencing its property taxes.

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