Cutler Bay, Miami-dade County, Florida Property Taxes
Median Cutler Bay, FL effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Cutler Bay, FL home value: $396,000
Median annual Cutler Bay, FL tax bill: $4,532, $2,132 higher than the national median property tax bill of $2,400.
How are property taxes in Miami-Dade calculated?
Property taxes in Cutler Bay, 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 Cutler Bay’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cutler Bay, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cutler Bay, Miami-dade County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.22%
Estimate Property Tax Bill
$4,831
$4,483
$1,102
Average Tax Savings
Property Tax Rates Across Cutler Bay, Miami-dade County, Florida
Local government entities set tax rates, which can vary widely within a state. This is 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 Cutler Bay’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.
In Cutler Bay, located in Miami-Dade County, property tax rates can fluctuate compared to other areas. The median property tax rate in Cutler Bay is higher than the national median, reflecting the demand for public services and infrastructure in the area. The highest median tax rate in the region can be found in the 33190 zip code, while the lowest is in the 33157 zip code. These variations highlight the diverse economic landscape within the county, influenced by factors such as property values and local government budgets. Understanding these differences is essential for property owners looking to manage their tax liabilities effectively.
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 Cutler Bay Tax Rate
1.22%
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 Cutler Bay, Miami-dade County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33157 | 0.52% | 0.63% | 1.08% | 1.61% | 1.86% |
| 33189 | 0.49% | 0.65% | 1.12% | 1.63% | 1.76% |
| 33190 | 0.79% | 1.21% | 1.63% | 2.20% | 2.57% |
Source: Ownwell
$1,102
Average Cutler Bay Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Cutler Bay, Miami-dade County, Florida
When examining property taxes in Cutler Bay, 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 Cutler Bay. For example, the median home price in Cutler Bay is $396,000, with tax bills ranging significantly across the county. Zip code 33157 has the highest median home price at $453,149.
Property Tax Assessment Values Across Cutler Bay, Miami-dade County, Florida
Source: Ownwell
$160,056
$16,966,420
$33,772,783
Median Cutler Bay Market Value
$396,000
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 Cutler Bay, Miami-dade County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33157 | $196,760 | $396,804 | $453,149 | $563,240 | $766,882 |
| 33189 | $189,950 | $315,000 | $381,550 | $446,872 | $506,368 |
| 33190 | $207,900 | $273,000 | $333,500 | $408,444 | $507,263 |
Source: Ownwell
$1,102
Average Cutler Bay Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Cutler Bay, Miami-dade County, Florida
Property Tax Bills Across Cutler Bay, Miami-dade County, Florida
Source: Ownwell
$1,863
$228,510
$455,156
Median Cutler Bay Tax Bill
$4,532
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 Cutler Bay, Miami-dade County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33157 | $1,953 | $2,552 | $4,529 | $7,554 | $10,970 |
| 33189 | $1,621 | $2,417 | $3,775 | $5,724 | $7,416 |
| 33190 | $2,416 | $4,037 | $5,652 | $7,140 | $8,171 |
Source: Ownwell
$1,102
Average Cutler Bay 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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