Miami, Florida Property Taxes
The median property tax rate in Miami, FL is 1.33%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Miami at $381,299, the typical annual property tax bill reaches $4,365, exceeding the national median of $2,690. Property taxes in Miami are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Miami's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Miami or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Miami, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$5,071
$4,799
$1,148
Average Miami, Florida Tax Savings
Ownwell’s Miami Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Miami with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Miami to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Miami. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Miami, Florida
Property taxes in Miami, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Miami is 1.33%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Miami set these rates annually, and they can vary significantly across different neighborhoods. Each year, Miami estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Miami's effective property tax rate to other counties in Florida and the national median. For comparison, the 33166 zip code has the highest median property tax rate of 2.21%, while the 33184 zip code has the lowest median tax rate of 0.92%. Understanding how these cities compare with Miami provides valuable insights into the varying tax landscape across Miami-Dade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Miami Tax Rate
1.33%
Average Miami-dade County Tax Rate
1.41%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Miami, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33122 | 1.16% | 1.50% | 1.53% | 1.58% | 1.74% |
| 33125 | 0.40% | 0.70% | 1.58% | 1.92% | 2.07% |
| 33126 | 0.30% | 0.67% | 1.52% | 1.83% | 1.97% |
| 33127 | 0.25% | 0.63% | 1.38% | 1.88% | 2.13% |
| 33128 | 0.49% | 1.44% | 1.80% | 1.94% | 2.06% |
| 33129 | 0.68% | 1.12% | 1.72% | 1.89% | 2.06% |
| 33130 | 1.17% | 1.68% | 1.80% | 1.92% | 2.06% |
| 33131 | 1.29% | 1.68% | 1.79% | 1.91% | 2.10% |
| 33132 | 1.32% | 1.71% | 1.83% | 2.06% | 2.10% |
| 33133 | 0.56% | 1.00% | 1.55% | 1.84% | 2.06% |
| 33134 | 0.52% | 0.80% | 1.29% | 1.71% | 1.86% |
| 33135 | 0.38% | 0.68% | 1.66% | 1.92% | 2.06% |
| 33136 | 0.28% | 0.76% | 1.56% | 1.80% | 2.00% |
| 33137 | 0.98% | 1.56% | 1.79% | 1.94% | 2.06% |
| 33138 | 0.35% | 0.75% | 1.39% | 1.76% | 2.02% |
| 33142 | 0.32% | 0.69% | 1.36% | 1.74% | 2.04% |
| 33143 | 0.46% | 0.80% | 1.40% | 1.59% | 1.71% |
| 33144 | 0.48% | 0.67% | 1.16% | 1.71% | 1.94% |
| 33145 | 0.42% | 0.63% | 1.38% | 1.84% | 2.00% |
| 33146 | 0.58% | 0.76% | 1.11% | 1.58% | 1.77% |
| 33147 | 0.37% | 0.49% | 1.21% | 1.63% | 1.87% |
| 33150 | 0.38% | 0.66% | 1.41% | 1.73% | 1.97% |
| 33155 | 0.48% | 0.63% | 1.08% | 1.63% | 1.74% |
| 33156 | 0.56% | 0.82% | 1.41% | 1.58% | 1.71% |
| 33157 | 0.39% | 0.48% | 0.99% | 1.54% | 1.71% |
| 33161 | 0.37% | 0.54% | 1.25% | 1.64% | 1.84% |
| 33162 | 0.33% | 0.43% | 1.16% | 1.60% | 1.82% |
| 33165 | 0.54% | 0.66% | 0.93% | 1.64% | 1.76% |
| 33166 | 1.74% | 1.90% | 2.21% | 2.30% | 2.40% |
| 33167 | 0.38% | 0.47% | 1.07% | 1.63% | 1.89% |
| 33168 | 0.38% | 0.45% | 0.99% | 1.57% | 1.83% |
| 33169 | 0.59% | 0.75% | 1.43% | 2.05% | 2.34% |
| 33170 | 0.46% | 0.82% | 1.28% | 1.67% | 1.96% |
| 33172 | 0.29% | 0.46% | 1.49% | 1.60% | 1.71% |
| 33173 | 0.55% | 0.68% | 1.03% | 1.59% | 1.74% |
| 33174 | 0.36% | 0.64% | 1.17% | 1.66% | 1.83% |
| 33175 | 0.51% | 0.66% | 0.94% | 1.56% | 1.74% |
| 33176 | 0.45% | 0.65% | 1.01% | 1.52% | 1.68% |
| 33177 | 0.45% | 0.59% | 0.94% | 1.58% | 1.71% |
| 33178 | 1.26% | 1.39% | 1.86% | 1.89% | 1.98% |
| 33179 | 0.25% | 0.57% | 1.32% | 1.58% | 1.79% |
| 33180 | 0.78% | 1.04% | 1.45% | 1.53% | 1.69% |
| 33181 | 0.39% | 0.78% | 1.34% | 1.51% | 1.71% |
| 33182 | 0.58% | 0.76% | 0.93% | 1.52% | 1.69% |
| 33183 | 0.36% | 0.66% | 1.12% | 1.58% | 1.72% |
| 33184 | 0.45% | 0.65% | 0.92% | 1.55% | 1.71% |
| 33185 | 0.72% | 0.85% | 1.07% | 1.64% | 1.78% |
| 33186 | 0.57% | 0.69% | 1.10% | 1.61% | 1.79% |
| 33187 | 0.60% | 0.69% | 1.02% | 1.58% | 1.79% |
| 33189 | 0.38% | 0.43% | 1.05% | 1.66% | 1.84% |
| 33190 | 1.33% | 1.70% | 2.08% | 2.21% | 2.34% |
| 33193 | 0.49% | 0.76% | 1.23% | 1.60% | 1.74% |
| 33194 | 0.82% | 0.96% | 1.21% | 1.70% | 1.84% |
| 33196 | 0.65% | 0.79% | 1.23% | 1.69% | 1.90% |
Source: Ownwell
$1,148
Average Miami Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Miami, Florida
In Miami, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Miami-Dade County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Miami, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Miami helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the city is $18,304 in the 33122 zip code, while the lowest median tax bill is $2,215 in the 33179 zip code.
Average Miami Assessed Value
$381,299
Average Miami-dade County Assessed Value
$372,000
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Miami, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33122 | $1,102,034 | $1,154,953 | $1,210,670 | $1,282,846 | $1,496,795 |
| 33125 | $151,840 | $225,000 | $370,042 | $454,968 | $544,113 |
| 33126 | $154,280 | $187,502 | $232,100 | $365,980 | $464,512 |
| 33127 | $245,450 | $293,135 | $368,241 | $488,021 | $691,685 |
| 33128 | $131,300 | $148,800 | $191,200 | $255,575 | $374,667 |
| 33129 | $279,380 | $332,950 | $510,400 | $814,215 | $1,181,236 |
| 33130 | $177,300 | $293,200 | $389,600 | $524,100 | $709,440 |
| 33131 | $274,300 | $350,600 | $457,440 | $685,100 | $1,042,640 |
| 33132 | $243,940 | $316,350 | $436,500 | $600,500 | $903,740 |
| 33133 | $292,254 | $474,100 | $774,525 | $1,345,776 | $2,216,478 |
| 33134 | $438,664 | $495,230 | $599,932 | $740,622 | $962,048 |
| 33135 | $151,900 | $173,100 | $429,098 | $538,810 | $631,163 |
| 33136 | $56,250 | $170,000 | $238,800 | $306,800 | $582,348 |
| 33137 | $273,910 | $341,100 | $515,450 | $764,275 | $1,348,504 |
| 33138 | $174,600 | $284,900 | $433,007 | $732,054 | $1,113,558 |
| 33142 | $205,998 | $251,948 | $301,337 | $361,900 | $429,421 |
| 33143 | $171,857 | $200,103 | $432,000 | $1,096,465 | $1,776,250 |
| 33144 | $248,153 | $368,646 | $426,686 | $491,112 | $582,562 |
| 33145 | $248,700 | $393,500 | $542,026 | $640,896 | $757,663 |
| 33146 | $614,809 | $814,582 | $1,104,831 | $1,473,578 | $2,093,093 |
| 33147 | $218,407 | $253,454 | $291,727 | $340,109 | $393,481 |
| 33150 | $185,985 | $246,878 | $293,628 | $353,351 | $423,119 |
| 33155 | $283,303 | $408,041 | $476,580 | $568,960 | $696,400 |
| 33156 | $190,000 | $249,790 | $370,239 | $772,548 | $1,033,482 |
| 33157 | $192,822 | $321,316 | $375,092 | $421,447 | $469,865 |
| 33161 | $139,995 | $277,814 | $389,977 | $506,856 | $650,699 |
| 33162 | $84,650 | $120,900 | $373,556 | $543,928 | $666,854 |
| 33165 | $316,623 | $387,656 | $441,640 | $505,767 | $600,687 |
| 33166 | $393,330 | $441,230 | $593,250 | $751,209 | $879,330 |
| 33167 | $238,639 | $267,734 | $311,889 | $370,646 | $446,242 |
| 33168 | $255,200 | $286,432 | $326,438 | $385,640 | $460,900 |
| 33169 | $123,161 | $261,509 | $313,314 | $362,982 | $435,974 |
| 33170 | $265,293 | $315,988 | $384,490 | $483,576 | $599,955 |
| 33172 | $166,855 | $190,200 | $213,988 | $258,454 | $300,900 |
| 33173 | $204,160 | $302,000 | $396,537 | $496,593 | $651,806 |
| 33174 | $173,400 | $220,114 | $325,500 | $448,586 | $520,936 |
| 33175 | $205,153 | $304,500 | $403,422 | $509,153 | $671,580 |
| 33176 | $178,729 | $223,997 | $406,260 | $746,624 | $1,019,097 |
| 33177 | $303,000 | $331,152 | $387,935 | $458,034 | $541,409 |
| 33178 | $401,431 | $407,025 | $432,250 | $531,000 | $666,960 |
| 33179 | $106,210 | $132,040 | $187,380 | $366,876 | $631,963 |
| 33180 | $244,380 | $303,200 | $415,700 | $636,850 | $992,050 |
| 33181 | $166,787 | $235,910 | $301,087 | $378,881 | $482,548 |
| 33182 | $300,838 | $356,274 | $424,443 | $518,910 | $658,822 |
| 33183 | $180,700 | $215,300 | $296,983 | $420,742 | $512,397 |
| 33184 | $202,647 | $300,000 | $370,366 | $497,052 | $626,187 |
| 33185 | $343,888 | $392,500 | $474,213 | $573,105 | $659,305 |
| 33186 | $231,091 | $305,000 | $370,000 | $485,437 | $566,477 |
| 33187 | $195,453 | $414,644 | $499,728 | $573,405 | $672,612 |
| 33189 | $297,887 | $316,737 | $346,659 | $383,281 | $411,097 |
| 33190 | $343,000 | $359,000 | $375,000 | $404,500 | $468,452 |
| 33193 | $175,000 | $205,955 | $335,265 | $422,467 | $526,375 |
| 33194 | $369,000 | $379,000 | $409,000 | $597,816 | $669,952 |
| 33196 | $207,188 | $324,529 | $405,126 | $496,704 | $579,138 |
Source: Ownwell
$1,148
Average Miami Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Miami, Florida
In Miami, property tax bills are calculated based on the assessed value of the property, which is determined by the Miami-Dade County Property Appraiser. This assessed value is then multiplied by the local millage rate to determine the tax bill. Various factors such as property location, market conditions, and any applicable exemptions or abatements influence the final amount. Homeowners in Miami can see a wide range of tax bills, from $2,215 in zip code 33179 to $18,304 in zip code 33122, reflecting the diverse property values across the county. Homeowners often find property taxes to be a significant financial burden, especially with the median home price at $381,299. Here’s where Ownwell comes in. By leveraging our expertise in property tax appeals and exemptions, we help homeowners ensure their properties are fairly assessed, potentially lowering their tax bills. With tax bills ranging from $2,623 at the 25th percentile to $10,447 at the 90th percentile, even a small reduction can result in substantial savings, making property ownership more affordable.
Average Miami Tax Bill
$4,365
Average Miami-dade County Tax Bill
$4,524
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Miami, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33122 | $14,074 | $17,007 | $18,304 | $20,180 | $23,623 |
| 33125 | $1,223 | $2,329 | $4,178 | $7,154 | $9,396 |
| 33126 | $597 | $1,921 | $3,044 | $4,388 | $7,455 |
| 33127 | $904 | $2,266 | $4,915 | $7,321 | $10,229 |
| 33128 | $1,333 | $2,302 | $3,157 | $4,206 | $6,567 |
| 33129 | $3,295 | $5,070 | $7,077 | $11,251 | $17,604 |
| 33130 | $2,659 | $4,791 | $6,802 | $9,388 | $13,156 |
| 33131 | $4,560 | $5,907 | $7,961 | $11,965 | $18,098 |
| 33132 | $3,991 | $5,444 | $7,741 | $11,348 | $17,594 |
| 33133 | $3,190 | $5,819 | $10,112 | $17,903 | $32,546 |
| 33134 | $2,850 | $4,695 | $7,882 | $10,693 | $13,424 |
| 33135 | $1,153 | $2,460 | $4,447 | $8,544 | $10,973 |
| 33136 | $595 | $1,155 | $3,312 | $5,103 | $7,174 |
| 33137 | $3,609 | $5,451 | $8,469 | $13,020 | $21,725 |
| 33138 | $1,530 | $2,826 | $4,938 | $8,890 | $14,988 |
| 33142 | $927 | $1,825 | $3,779 | $5,461 | $7,131 |
| 33143 | $1,904 | $2,820 | $4,372 | $10,608 | $21,963 |
| 33144 | $1,760 | $2,710 | $4,556 | $7,412 | $9,262 |
| 33145 | $2,118 | $3,408 | $5,908 | $9,470 | $12,203 |
| 33146 | $4,188 | $7,040 | $11,107 | $17,328 | $25,549 |
| 33147 | $1,049 | $1,440 | $3,282 | $4,779 | $6,140 |
| 33150 | $1,019 | $1,665 | $3,693 | $5,334 | $6,947 |
| 33155 | $2,014 | $2,810 | $4,570 | $7,497 | $9,590 |
| 33156 | $2,411 | $3,353 | $4,731 | $6,868 | $12,619 |
| 33157 | $1,254 | $1,777 | $2,920 | $5,229 | $6,786 |
| 33161 | $1,272 | $1,980 | $3,481 | $6,481 | $8,777 |
| 33162 | $866 | $1,448 | $2,221 | $5,059 | $7,802 |
| 33165 | $2,017 | $2,826 | $4,290 | $6,746 | $8,409 |
| 33166 | $8,836 | $9,582 | $12,297 | $15,927 | $19,185 |
| 33167 | $1,083 | $1,496 | $3,305 | $5,081 | $7,157 |
| 33168 | $1,144 | $1,522 | $3,329 | $5,072 | $6,527 |
| 33169 | $1,566 | $2,106 | $3,404 | $6,367 | $8,240 |
| 33170 | $1,608 | $3,141 | $4,900 | $7,008 | $9,042 |
| 33172 | $559 | $1,204 | $2,743 | $3,494 | $4,483 |
| 33173 | $1,772 | $2,718 | $3,801 | $5,828 | $8,090 |
| 33174 | $1,052 | $2,207 | $3,184 | $5,434 | $7,574 |
| 33175 | $1,604 | $2,603 | $3,890 | $5,949 | $8,331 |
| 33176 | $1,513 | $2,641 | $4,159 | $6,786 | $10,897 |
| 33177 | $1,455 | $2,288 | $3,806 | $5,738 | $7,588 |
| 33178 | $5,474 | $6,025 | $7,871 | $8,757 | $11,002 |
| 33179 | $415 | $1,163 | $2,215 | $4,643 | $8,016 |
| 33180 | $2,265 | $3,947 | $5,522 | $8,304 | $13,412 |
| 33181 | $1,189 | $2,156 | $3,371 | $4,680 | $6,575 |
| 33182 | $2,229 | $3,155 | $4,370 | $6,257 | $8,542 |
| 33183 | $941 | $2,112 | $3,169 | $4,573 | $6,614 |
| 33184 | $1,374 | $2,342 | $3,600 | $5,684 | $7,815 |
| 33185 | $2,882 | $3,884 | $5,404 | $7,247 | $9,207 |
| 33186 | $1,893 | $2,748 | $3,932 | $5,760 | $7,569 |
| 33187 | $2,476 | $3,212 | $4,945 | $7,557 | $9,637 |
| 33189 | $1,195 | $1,581 | $3,613 | $5,477 | $6,472 |
| 33190 | $5,964 | $6,596 | $7,922 | $8,311 | $8,984 |
| 33193 | $1,364 | $2,455 | $3,191 | $5,080 | $6,855 |
| 33194 | $3,149 | $4,601 | $6,198 | $7,404 | $9,817 |
| 33196 | $2,241 | $3,048 | $4,472 | $6,740 | $9,034 |
Source: Ownwell
$1,148
Average Miami Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 17 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Miami-Dade Property Appraiser | |
| Phone | (305) 375-4050 |
| Website | www.miamidade.gov |
| mdcpa@mdcpa.net | |
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