HISTORIC PRESERVATION TAX EXEMPTION - 4125 SANTA MARIA

Board of County Commissioners · 2026-07-21 · resolution

Miami-Dade County Board of County Commissioners is considering a resolution authorizing a historic preservation ad valorem tax exemption for the rehabilitation of 4125 Santa Maria Street, Coral Gables, Florida. The property owner, Claudio R. Alvarez Trust, applied for the exemption for renovations completed with an approximate cost of $6,100,000.00. The taxable value of the qualifying improvements was determined to be $2,158,287.00. The exemption, if approved, will run for 10 years from January 1, 2023, to December 31, 2032, with an estimated annual countywide tax exemption of $9,872.00. The Recreation, Tourism, and Resiliency Committee forwarded the item to the Board with a favorable recommendation. No public comment or stakeholder sentiment is stated in the document.