What does TRS mean on a property tax bill?

TRS means multiple trustees-however many trust documents have language that allow singular and plural to be interchanged. The reason is that a single or multiple trustee(s) cold change during the life of the trust based on "life" circumstances.

If a person owns property as a trustee, it is not the same as owning the property individually. A trustee is a fiduciary who, while he or she is the legal owner, owns the property for the benefit of another party or parties -- the beneficiaries. Under this arrangement the trustee is the legal owner and the beneficiary is the equitable owner. Depending on the type of trust and the terms and conditions of the trust, the trustee may have full decision making authority or may have to act only on the instructions of the beneficiaries.

The acronym "TRS" in Miami-Dade stands for "trustees" (multiple) on a tax bill. "TR" stands for trust. Yes, it would imply that the property is owned by more than one trustee.