Home
/US Property Taxes
/Florida
/Miami-dade County
/Coconut Grove

Coconut Grove, Miami-dade County, Florida Property Taxes

  • Median Coconut Grove, 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 Coconut Grove, FL home value: $380,411

  • Median annual Coconut Grove, FL tax bill: $6,463, $4,063 higher than the national median property tax bill of $2,400.

How are property taxes in Miami-Dade calculated?

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

Last Updated March 1, 2025

Coconut Grove, 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

$5,288

$4,907

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Coconut Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Coconut Grove with just two data points. By entering your property's estimated assessed value, our calculator applies Coconut Grove’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 Coconut Grove, Miami-dade County, Florida

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Coconut Grove’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S. Coconut Grove, located in Miami-Dade County, has a median property tax rate of 1.39%, which is higher than the national median of 1.02%. Within the area, the highest median tax rate is 1.43% in the 33133 zip code, while the lowest is 1.28% in the 33146 zip code. This variation highlights the importance of understanding local tax assessments and how they impact your property tax bill. With property values and taxes continually changing, staying informed can help you manage your financial responsibilities more effectively.

Property Tax Rates Across Coconut Grove, Miami-dade County, Florida

Source: Ownwell

Loading...

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 Coconut Grove Taxx 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 Taxx Rate

1.41%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Coconut Grove, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
331330.76%1.01%1.43%1.91%1.94%
331460.54%0.60%1.28%1.72%1.86%

Source: Ownwell

Property Tax Assessment Values Across Coconut Grove, Miami-dade County, Florida

When examining property taxes in Coconut Grove, 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 Coconut Grove. For example, the median home price in Coconut Grove is $380,411, with tax bills ranging significantly across the county. Zip code 33146 has the highest median home price at $1,183,552.

Property Tax Assessment Values Across Coconut Grove, Miami-dade County, Florida

Source: Ownwell

Loading...

$160,056

$16,966,420

$33,772,783

Median Coconut Grove Market Value

$380,411

Median Miami-dade County Market Value

$372,000

Median Florida Market Value

$276,648

Median United States Market Value

$244,900

Property Tax Assessment Values Across Coconut Grove, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33133$241,651$255,163$336,133$384,423$1,173,886
33146$774,608$1,006,816$1,183,552$1,348,083$1,953,426

Source: Ownwell

Property Tax Bills Across Coconut Grove, Miami-dade County, Florida

In Coconut Grove, Miami-Dade County, FL, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is influenced by factors like location, home size, and market trends. With a median home price of $380,411, homeowners in Coconut Grove face property tax bills that can vary significantly. For example, the 25th percentile tax bill is $4,781, while the 75th percentile reaches $10,934. This variability can significantly impact homeowners' budgets, with some paying as much as $19,579 in the 90th percentile. Compared to the national median property tax bill of $2,400, Coconut Grove's tax bills are notably higher, reflecting the area's property values and tax rates. However, Ownwell can assist homeowners in reducing their property tax bills by offering professional tax appeal services. By ensuring that a property's assessed value is fair and accurate, Ownwell helps homeowners potentially lower their tax obligations, providing much-needed financial relief.

Property Tax Bills Across Coconut Grove, Miami-dade County, Florida

Source: Ownwell

Loading...

$1,863

$228,510

$455,156

Median Coconut Grove Tax Bill

$6,463

Median Miami-dade County Tax Bill

$4,524

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,690

Property Tax Bills Across Coconut Grove, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33133$2,795$3,839$5,240$6,902$11,473
33146$5,741$8,502$12,691$18,990$30,383

Source: Ownwell

Don't miss the deadline to petition!