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Biscayne Park, Miami-dade County, Florida Property Taxes

  • Median Biscayne Park, FL effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Biscayne Park, FL home value: $631,017

  • Median annual Biscayne Park, FL tax bill: $8,909, $6,509 higher than the national median property tax bill of $2,400.

How are property taxes in Miami-Dade calculated?

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

Last Updated March 1, 2025

Biscayne Park, Miami-dade County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.39%

Estimate Property Tax Bill

$8,771

$8,139

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Biscayne Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Biscayne Park with just two data points. By entering your property's estimated assessed value, our calculator applies Biscayne Park’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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Biscayne Park, Miami-dade County, Florida

Local government entities determine tax rates, leading to significant variations within a state. Each year, counties like Miami-Dade calculate their necessary budget for services and divide it by the total value of taxable property to establish the property tax rate. This annual process, while influenced by votes and legislation, forms the basis of property tax rate determination. In Biscayne Park, located in Miami-Dade County, the effective property tax rate stands at 1.39%, which is higher than the national median of 1.02%. This rate is consistent across the 33161 ZIP code, indicating uniformity within the area. Comparatively, Biscayne Park’s rate surpasses both the state and national medians, reflecting the region's unique fiscal requirements. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. By evaluating Biscayne Park’s property tax rate against other cities in Florida and the broader U.S., property owners can better navigate their financial obligations and explore potential savings through appeals and exemptions.

Property Tax Rates Across Biscayne Park, 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 Biscayne Park Tax Rate

1.39%

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 Biscayne Park, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
331610.55%0.76%1.39%2.09%2.51%

Source: Ownwell

Property Tax Assessment Values Across Biscayne Park, Miami-dade County, Florida

When examining property taxes in Biscayne Park, 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 Biscayne Park. For example, the median home price in Biscayne Park is $631,017, with tax bills ranging significantly across the county. Zip code 33161 has the highest median home price at $631,017.

Property Tax Assessment Values Across Biscayne Park, Miami-dade County, Florida

Source: Ownwell

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$160,056

$16,966,420

$33,772,783

Median Biscayne Park Market Value

$631,017

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 Biscayne Park, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33161$484,720$548,480$631,017$741,366$920,621

Source: Ownwell

Property Tax Bills Across Biscayne Park, Miami-dade County, Florida

In Biscayne Park, located in Miami-Dade County, FL, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as property size, location, and market trends. Homeowners in Biscayne Park face a median tax bill of $8,909, significantly higher than the national median of $2,400. Tax bills can vary widely, with the 25th percentile at $5,042 and the 90th percentile reaching $16,668, reflecting the diverse property values in the area. These tax bills can be a substantial financial burden for homeowners, affecting their overall financial planning and stability.

Ownwell assists homeowners in Biscayne Park by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell can help reduce tax liabilities, potentially saving homeowners thousands of dollars annually. This service not only alleviates financial strain but also ensures homeowners pay a fair and accurate tax amount.

Property Tax Bills Across Biscayne Park, Miami-dade County, Florida

Source: Ownwell

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$1,863

$228,510

$455,156

Median Biscayne Park Tax Bill

$8,909

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 Biscayne Park, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33161$3,319$5,042$8,909$12,721$16,668

Source: Ownwell

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