In Miami Beach real estate and finance news, the city has approved a small property tax decrease. In the upcoming 2013-2014 fiscal year, residents can expect to pay slightly less in taxes. The city will compensate for this minute decrease through higher permit fees and local business tax collection. On Monday, Miami Beach city commissioners gave final approval and lower tax rate is now in effect. Miami Beach residents will pay $6.12 per $1,000 of taxable property.