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 work completed on the historic residential property, originally constructed in 1947. The total renovation cost was approximately $6,100,000.00, with a determined taxable value of qualifying improvements at $2,158,287.00. The exemption is 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.