Florida City, Florida Property Taxes
The median property tax rate in Florida City, FL is 1.78%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Florida City at $293,058, the typical annual property tax bill reaches $4,812, exceeding the national median of $2,690. Property taxes in Florida City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Florida City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Florida City or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Florida City, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$5,216
$4,937
$1,148
Average Florida City, Florida Tax Savings
Ownwell’s Florida City Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Florida City to provide an estimated tax bill. This handy tool not only offers a clear understanding of potential tax liabilities but also showcases how Ownwell can help reduce property taxes in Florida City. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value, determined by Miami-Dade County, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Florida City, Florida
Property taxes in Florida City, FL, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Florida City is 1.78%, notably higher than the U.S. national median of 0.99%. Local government entities within Florida City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Florida City estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Florida City's effective property tax rate to other areas in Miami-Dade County and the national median. For comparison, the 33034 zip code has the highest median property tax rate of 1.78%, while the same zip code also has the lowest median tax rate of 1.78%. Understanding how these areas compare with Florida City provides valuable insights into the varying tax landscape across Miami-Dade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Florida City Tax Rate
1.78%
Average Miami-dade County Tax Rate
1.41%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Florida City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33034 | 0.22% | 1.20% | 1.78% | 2.16% | 2.59% |
Source: Ownwell
$1,148
Average Florida City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Florida City, Florida
In Florida City, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Miami-Dade County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Florida City, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Florida City is $293,058, with tax bills ranging from $2,684 at the 25th percentile to $8,301 at the 90th percentile. The zip code with the highest and lowest median tax bill is 33034, both at $4,812. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Florida City, Florida
Source: Ownwell
$160,056
$16,966,420
$33,772,783
Average Florida City Assessed Value
$293,058
Average Miami-dade County Assessed Value
$372,000
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Florida City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33034 | $196,000 | $247,000 | $293,058 | $343,535 | $392,242 |
Source: Ownwell
$1,148
Average Florida City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Florida City, Florida
In Florida City, located in Miami-Dade County, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property appraiser. The assessed value typically reflects the market value but can be adjusted for exemptions and other factors. Homeowners in this region face a variety of tax bills, with the 25th percentile at $2,684 and the 75th percentile reaching $7,387. The highest median tax bill in the area is $4,812, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, market conditions, and applicable exemptions. High property taxes can place a significant financial burden on homeowners, affecting their overall financial well-being. Ownwell can help homeowners in Florida City save on their property tax bills by providing expert property tax appeal and exemption services. By thoroughly reviewing property assessments and identifying potential errors or opportunities for exemptions, Ownwell ensures homeowners pay only their fair share, potentially saving them thousands of dollars annually.
Average Florida City Tax Bill
$4,812
Average Miami-dade County Tax Bill
$4,524
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Florida City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33034 | $611 | $2,684 | $4,812 | $7,387 | $8,301 |
Source: Ownwell
$1,148
Average Florida City 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 17 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Miami-Dade Property Appraiser | |
| Phone | (305) 375-4050 |
| Website | www.miamidade.gov |
| mdcpa@mdcpa.net | |
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