Homestead, Miami-dade County, Florida Property Taxes
Median Homestead, FL effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Homestead, FL home value: $318,356
Median annual Homestead, FL tax bill: $4,597, $2,197 higher than the national median property tax bill of $2,400.
How are property taxes in Miami-Dade calculated?
Property taxes in Homestead, 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 Homestead’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Homestead, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Homestead, Miami-dade County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.57%
Estimate Property Tax Bill
$4,998
$4,638
$1,102
Average Tax Savings
Property Tax Rates Across Homestead, Miami-dade County, Florida
Local government entities set tax rates, which can vary widely within a state. Each year, Miami-Dade County estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process.
Homestead, located in Miami-Dade County, has a property tax rate that reflects this budgetary need. With a median property tax rate of 1.57%, it stands above the national median of 1.02%. Within the county, the highest median tax rate is 1.80% in the 33035 zip code, while the lowest is 1.03% in the 33031 zip code.
Comparing Homestead’s effective property tax rate to other cities in Florida and the U.S. provides valuable insight into how local fiscal policies impact property owners. Understanding these differences can help property owners make informed decisions about purchasing or appealing 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 Homestead Tax Rate
1.57%
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 Homestead, Miami-dade County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33030 | 0.43% | 0.66% | 1.33% | 1.81% | 2.12% |
| 33031 | 0.61% | 0.75% | 1.03% | 1.56% | 1.75% |
| 33032 | 0.43% | 0.96% | 1.54% | 1.89% | 2.19% |
| 33033 | 0.39% | 1.02% | 1.60% | 2.09% | 2.54% |
| 33034 | 0.23% | 0.92% | 1.59% | 1.87% | 2.16% |
| 33035 | 0.65% | 1.23% | 1.80% | 2.25% | 2.49% |
Source: Ownwell
$1,102
Average Homestead Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Homestead, Miami-dade County, Florida
When examining property taxes in Homestead, 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 Homestead.
For example, the median home price in Homestead is $318,356, with tax bills ranging significantly across the county. Zip code 33031 has the highest median home price at $518,257.
Property Tax Assessment Values Across Homestead, Miami-dade County, Florida
Source: Ownwell
$160,056
$16,966,420
$33,772,783
Median Homestead Market Value
$318,356
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 Homestead, Miami-dade County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33030 | $198,057 | $257,861 | $317,068 | $434,232 | $572,955 |
| 33031 | $364,736 | $436,514 | $518,257 | $637,144 | $768,938 |
| 33032 | $270,491 | $300,001 | $338,908 | $399,794 | $473,758 |
| 33033 | $212,000 | $264,362 | $313,117 | $380,151 | $448,055 |
| 33034 | $147,798 | $156,260 | $229,434 | $313,000 | $378,000 |
| 33035 | $165,726 | $183,546 | $261,000 | $326,561 | $401,184 |
Source: Ownwell
$1,102
Average Homestead Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Homestead, Miami-dade County, Florida
Property Tax Bills Across Homestead, Miami-dade County, Florida
Source: Ownwell
$1,863
$228,510
$455,156
Median Homestead Tax Bill
$4,597
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 Homestead, Miami-dade County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33030 | $1,191 | $2,360 | $4,042 | $5,810 | $8,028 |
| 33031 | $2,552 | $3,591 | $5,521 | $8,267 | $11,354 |
| 33032 | $1,430 | $3,009 | $5,071 | $6,902 | $8,347 |
| 33033 | $1,235 | $2,901 | $4,831 | $6,588 | $8,259 |
| 33034 | $547 | $1,893 | $3,133 | $5,101 | $7,404 |
| 33035 | $1,815 | $2,839 | $4,029 | $6,317 | $8,200 |
Source: Ownwell
$1,102
Average Homestead 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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