Miami-Dade’s newly elected property appraiser says it’s time for county property estimators to factor in the harm that climate change will bring to the local real estate market — and to lower property values accordingly.
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Basically, the total cost of ownership went up, so the set of potential buyers shrank, and the overall value went down, so the right amount to charge people for taxes is lower.
Ah, it’s not rich people being tight then…