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Bal Harbour, Miami-dade County, Florida Property Taxes

  • Median Bal Harbour, FL effective property tax rate: 1.49%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Bal Harbour, FL home value: $1,184,040

  • Median annual Bal Harbour, FL tax bill: $15,497, $13,097 higher than the national median property tax bill of $2,400.

How are property taxes in Miami-Dade calculated?

Property taxes in Bal Harbour, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Bal Harbour’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bal Harbour, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bal Harbour, Miami-dade County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.49%

Estimate Property Tax Bill

$17,642

$16,371

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Bal Harbour Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bal Harbour with just two data points. By entering your property's estimated assessed value, our calculator applies Bal Harbour’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Miami-Dade. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bal Harbour, Miami-dade County, Florida

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Bal Harbour’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Bal Harbour in Miami-Dade County has an effective property tax rate of 1.49%. This rate is significantly higher than the national median property tax rate of 1.02%, making it one of the higher rates in the state. The median property tax rate in Florida is generally lower than the national average, but Bal Harbour stands out with its higher rate. For homeowners, this means potentially higher property tax bills compared to other regions in Florida and the U.S. Understanding these rates can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Bal Harbour, Miami-dade County, Florida

Source: Ownwell

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0.70%

1.45%

2.21%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Bal Harbour Tax Rate

1.49%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Miami-dade County Tax Rate

1.41%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bal Harbour, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
331540.97%1.37%1.49%1.58%1.70%

Source: Ownwell

Property Tax Assessment Values Across Bal Harbour, Miami-dade County, Florida

When examining property taxes in Bal Harbour, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Miami-Dade County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Miami-Dade County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bal Harbour.

For example, the median home price in Bal Harbour is $1,184,040, with tax bills ranging significantly across the county. Zip code 33154 has the highest median home price at $1,184,040.

Property Tax Assessment Values Across Bal Harbour, Miami-dade County, Florida

Source: Ownwell

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$160,056

$16,966,420

$33,772,783

Median Bal Harbour Market Value

$1,184,040

Median Miami-dade County Market Value

$372,000

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bal Harbour, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33154$296,760$506,875$1,184,040$2,670,465$5,122,950

Source: Ownwell

Property Tax Bills Across Bal Harbour, Miami-dade County, Florida

In Bal Harbour, Miami-Dade County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. This assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in Bal Harbour face a median property tax bill of $15,497, significantly higher than the national median of $2,400. This discrepancy is due to the high median home price of $1,184,040 in the area. Factors such as property location, market value, and any applicable exemptions or deductions influence the final tax bill. High property taxes can be a financial burden for homeowners, impacting their overall cost of living. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By leveraging local expertise and data-driven insights, Ownwell helps homeowners challenge their property assessments, potentially reducing their tax bills and easing their financial burden.

Property Tax Bills Across Bal Harbour, Miami-dade County, Florida

Source: Ownwell

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$1,863

$228,510

$455,156

Median Bal Harbour Tax Bill

$15,497

Median Miami-dade County Tax Bill

$4,524

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Bal Harbour, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33154$4,577$7,540$15,497$36,521$68,144

Source: Ownwell

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