Coral Gables, Miami-dade County, Florida Property Taxes
Median Coral Gables, FL effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Coral Gables, FL home value: $753,604
Median annual Coral Gables, FL tax bill: $8,547, $6,147 higher than the national median property tax bill of $2,400.
How are property taxes in Miami-Dade calculated?
Property taxes in Coral Gables, 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 Coral Gables’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Coral Gables, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Coral Gables, Miami-dade County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$9,420
$8,742
$1,102
Average Tax Savings
Property Tax Rates Across Coral Gables, Miami-dade County, Florida
Local government entities are responsible for setting tax rates, which can differ significantly within Florida. This variation occurs because each year, counties like Miami-Dade estimate the budget needed to provide essential services and then divide this figure by the total value of all taxable properties within their boundaries. This process determines the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the core of the annual procedure.
In Coral Gables, located in Miami-Dade County, the effective property tax rate can be compared to other cities in Florida, as well as the median property tax rates in both the state and the U.S. The median property tax rate in Florida is 1.25%, which is above the national median of 1.02%. Within Miami-Dade County, the highest median tax rate can be found in the 33133 zip code at 1.35%, while the lowest is in the 33156 zip code at 1.09%. Understanding these rates can help property owners in Coral Gables and beyond make informed decisions about their property taxes.
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 Coral Gables Tax Rate
1.25%
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 Coral Gables, Miami-dade County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33133 | 0.57% | 0.86% | 1.35% | 1.67% | 1.84% |
| 33134 | 0.55% | 0.78% | 1.27% | 1.69% | 1.85% |
| 33143 | 0.66% | 0.92% | 1.22% | 1.64% | 1.82% |
| 33144 | 0.66% | 0.89% | 1.29% | 1.77% | 1.86% |
| 33146 | 0.57% | 0.80% | 1.19% | 1.60% | 1.77% |
| 33156 | 0.50% | 0.76% | 1.09% | 1.48% | 1.79% |
| 33158 | 0.78% | 1.01% | 1.24% | 1.61% | 1.75% |
Source: Ownwell
$1,102
Average Coral Gables Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Coral Gables, Miami-dade County, Florida
When examining property taxes in Coral Gables, 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.
Assessment notices: 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 Coral Gables.
For example, the median home price in Coral Gables is $753,604, with tax bills ranging significantly across the county. Zip code 33156 has the highest median home price at $3,418,732.
Property Tax Assessment Values Across Coral Gables, Miami-dade County, Florida
Source: Ownwell
$160,056
$16,966,420
$33,772,783
Median Coral Gables Market Value
$753,604
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 Coral Gables, Miami-dade County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33133 | $282,492 | $301,890 | $552,889 | $1,729,826 | $4,095,411 |
| 33134 | $267,954 | $401,371 | $569,313 | $930,790 | $1,477,789 |
| 33143 | $1,176,277 | $1,700,927 | $2,840,216 | $4,090,405 | $5,398,702 |
| 33144 | $487,684 | $513,340 | $562,550 | $634,427 | $701,259 |
| 33146 | $409,618 | $687,249 | $1,139,352 | $1,610,522 | $2,313,072 |
| 33156 | $1,514,629 | $2,001,550 | $3,418,732 | $6,050,883 | $9,255,274 |
| 33158 | $940,348 | $1,055,076 | $1,364,568 | $1,643,125 | $2,238,793 |
Source: Ownwell
$1,102
Average Coral Gables Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Coral Gables, Miami-dade County, Florida
Property Tax Bills Across Coral Gables, Miami-dade County, Florida
Source: Ownwell
$1,863
$228,510
$455,156
Median Coral Gables Tax Bill
$8,547
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 Coral Gables, Miami-dade County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33133 | $2,733 | $4,445 | $7,090 | $18,929 | $39,227 |
| 33134 | $2,562 | $4,131 | $6,909 | $11,025 | $17,976 |
| 33143 | $11,222 | $19,240 | $33,379 | $55,781 | $76,140 |
| 33144 | $3,406 | $5,004 | $7,897 | $10,232 | $11,708 |
| 33146 | $5,165 | $7,199 | $11,329 | $17,934 | $27,859 |
| 33156 | $13,658 | $19,846 | $30,671 | $65,350 | $115,950 |
| 33158 | $7,929 | $11,848 | $16,528 | $22,952 | $29,896 |
Source: Ownwell
$1,102
Average Coral Gables 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 1 |
| Tax Bill | |
| Issued | November 1 |
| Due Date #1 | March 31 |
Links | |
|---|---|
| Miami-Dade Property Appraiser | |
| Phone | (305) 375-4050 |
| Website | www.miamidade.gov |
| mdcpa@mdcpa.net | |
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