Surfside, Florida Property Taxes
The median property tax rate in Surfside, FL is 1.60%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Surfside at $880,070, the typical annual property tax bill reaches $9,887, significantly exceeding the national median of $2,690. Property taxes in Surfside 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 Surfside'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 Surfside 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
Surfside, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$14,081
$13,326
$1,148
Average Surfside, Florida Tax Savings
Ownwell’s Surfside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Surfside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Surfside 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 Surfside. 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 Surfside, Florida
Property taxes in Surfside, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Surfside is 1.60%, significantly higher than the U.S. national median of 0.99%. Local government entities within Surfside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Surfside 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 Surfside's effective property tax rate to other counties in Florida and the national median. For comparison, the 33154 zip code has both the highest and lowest median property tax rate of 1.60%. Understanding how these cities compare with Surfside 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 Surfside Tax Rate
1.60%
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 Surfside, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33154 | 0.59% | 1.11% | 1.60% | 1.75% | 1.90% |
Source: Ownwell
$1,148
Average Surfside Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Surfside, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Surfside, FL. 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 Appraisal District 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 Surfside, 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. The median home price in Surfside is $880,070, with tax bills ranging from $5,913 at the 25th percentile to $46,603 at the 90th percentile. By understanding 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 Surfside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Surfside, Florida
Source: Ownwell
$160,056
$16,966,420
$33,772,783
Average Surfside Assessed Value
$880,070
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 Surfside, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33154 | $333,411 | $459,945 | $880,070 | $1,074,530 | $3,784,465 |
Source: Ownwell
$1,148
Average Surfside Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Surfside, Florida
In Surfside, Miami-Dade County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $880,070, Surfside homeowners face significant tax obligations. For instance, tax bills can range from $5,913 at the 25th percentile to $46,603 at the 90th percentile, with the highest median tax bill recorded at $9,887 in the 33154 zip code. Factors like property improvements, market conditions, and local budget requirements can all influence the assessed value, impacting the final tax bill. High property taxes can strain homeowners financially, but Ownwell offers a solution. By leveraging their expertise in property tax appeals and exemptions, Ownwell helps homeowners ensure their property is fairly assessed, potentially saving thousands of dollars annually. Their services can make a substantial difference, especially in areas with high property taxes like Surfside.
Average Surfside Tax Bill
$9,887
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 Surfside, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33154 | $3,920 | $5,913 | $9,887 | $16,758 | $46,603 |
Source: Ownwell
$1,148
Average Surfside 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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