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Miami, Miami-dade County, Florida Property Taxes

  • Median Miami, FL effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Miami, FL home value: $381,299

  • Median annual Miami, FL tax bill: $4,365, $1,965 higher than the national median property tax bill of $2,400.

How are property taxes in Miami-Dade calculated?

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

Last Updated March 1, 2025

Miami, Miami-dade County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$5,071

$4,706

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Miami Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Miami with just two data points. By entering your property's estimated assessed value, our calculator applies Miami’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. For those interested in more localized information, please scroll down to explore city-level trends!

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

Local government entities set tax rates, which can vary widely within a state. 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 Miami’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S. Miami, located in Miami-Dade County, has a median property tax rate that is higher than the national median. Within the county, the highest median tax rate can reach up to 2.21%, while the lowest is 0.92%. This range highlights the variability in property tax rates even within a single county. When compared to the national median property tax rate of 1.02%, Miami’s rate stands out, which can significantly impact property owners in the area. Understanding these rates is crucial for homeowners looking to manage their property tax liabilities effectively.

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

Source: Ownwell

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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 Miami Tax Rate

1.33%

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%

Miami, Florida vs Similar Florida Cities

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 Jacksonville Tax Rate

1.14%

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 Tampa Tax Rate

1.23%

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 Orlando Tax Rate

1.19%

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

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
331221.16%1.50%1.53%1.58%1.74%
331250.40%0.70%1.58%1.92%2.07%
331260.30%0.67%1.52%1.83%1.97%
331270.25%0.63%1.38%1.88%2.13%
331280.49%1.44%1.80%1.94%2.06%
331290.68%1.12%1.72%1.89%2.06%
331301.17%1.68%1.80%1.92%2.06%
331311.29%1.68%1.79%1.91%2.10%
331321.32%1.71%1.83%2.06%2.10%
331330.56%1.00%1.55%1.84%2.06%
331340.52%0.80%1.29%1.71%1.86%
331350.38%0.68%1.66%1.92%2.06%
331360.28%0.76%1.56%1.80%2.00%
331370.98%1.56%1.79%1.94%2.06%
331380.35%0.75%1.39%1.76%2.02%
331420.32%0.69%1.36%1.74%2.04%
331430.46%0.80%1.40%1.59%1.71%
331440.48%0.67%1.16%1.71%1.94%
331450.42%0.63%1.38%1.84%2.00%
331460.58%0.76%1.11%1.58%1.77%
331470.37%0.49%1.21%1.63%1.87%
331500.38%0.66%1.41%1.73%1.97%
331550.48%0.63%1.08%1.63%1.74%
331560.56%0.82%1.41%1.58%1.71%
331570.39%0.48%0.99%1.54%1.71%
331610.37%0.54%1.25%1.64%1.84%
331620.33%0.43%1.16%1.60%1.82%
331650.54%0.66%0.93%1.64%1.76%
331661.74%1.90%2.21%2.30%2.40%
331670.38%0.47%1.07%1.63%1.89%
331680.38%0.45%0.99%1.57%1.83%
331690.59%0.75%1.43%2.05%2.34%
331700.46%0.82%1.28%1.67%1.96%
331720.29%0.46%1.49%1.60%1.71%
331730.55%0.68%1.03%1.59%1.74%
331740.36%0.64%1.17%1.66%1.83%
331750.51%0.66%0.94%1.56%1.74%
331760.45%0.65%1.01%1.52%1.68%
331770.45%0.59%0.94%1.58%1.71%
331781.26%1.39%1.86%1.89%1.98%
331790.25%0.57%1.32%1.58%1.79%
331800.78%1.04%1.45%1.53%1.69%
331810.39%0.78%1.34%1.51%1.71%
331820.58%0.76%0.93%1.52%1.69%
331830.36%0.66%1.12%1.58%1.72%
331840.45%0.65%0.92%1.55%1.71%
331850.72%0.85%1.07%1.64%1.78%
331860.57%0.69%1.10%1.61%1.79%
331870.60%0.69%1.02%1.58%1.79%
331890.38%0.43%1.05%1.66%1.84%
331901.33%1.70%2.08%2.21%2.34%
331930.49%0.76%1.23%1.60%1.74%
331940.82%0.96%1.21%1.70%1.84%
331960.65%0.79%1.23%1.69%1.90%

Source: Ownwell

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

When examining property taxes in Miami, 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 March. 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 Miami. For example, the median home price in Miami is $381,299, with tax bills ranging significantly across the county. Zip code 33122 has the highest median home price at $1,210,670.

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

Source: Ownwell

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$160,056

$16,966,420

$33,772,783

Median Miami Market Value

$381,299

Median Miami-dade County Market Value

$372,000

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Miami, Florida vs Similar Florida Cities

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 Jacksonville Market Value

$203,098

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 Tampa Market Value

$277,708

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 Orlando Market Value

$297,620

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

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33122$1,102,034$1,154,953$1,210,670$1,282,846$1,496,795
33125$151,840$225,000$370,042$454,968$544,113
33126$154,280$187,502$232,100$365,980$464,512
33127$245,450$293,135$368,241$488,021$691,685
33128$131,300$148,800$191,200$255,575$374,667
33129$279,380$332,950$510,400$814,215$1,181,236
33130$177,300$293,200$389,600$524,100$709,440
33131$274,300$350,600$457,440$685,100$1,042,640
33132$243,940$316,350$436,500$600,500$903,740
33133$292,254$474,100$774,525$1,345,776$2,216,478
33134$438,664$495,230$599,932$740,622$962,048
33135$151,900$173,100$429,098$538,810$631,163
33136$56,250$170,000$238,800$306,800$582,348
33137$273,910$341,100$515,450$764,275$1,348,504
33138$174,600$284,900$433,007$732,054$1,113,558
33142$205,998$251,948$301,337$361,900$429,421
33143$171,857$200,103$432,000$1,096,465$1,776,250
33144$248,153$368,646$426,686$491,112$582,562
33145$248,700$393,500$542,026$640,896$757,663
33146$614,809$814,582$1,104,831$1,473,578$2,093,093
33147$218,407$253,454$291,727$340,109$393,481
33150$185,985$246,878$293,628$353,351$423,119
33155$283,303$408,041$476,580$568,960$696,400
33156$190,000$249,790$370,239$772,548$1,033,482
33157$192,822$321,316$375,092$421,447$469,865
33161$139,995$277,814$389,977$506,856$650,699
33162$84,650$120,900$373,556$543,928$666,854
33165$316,623$387,656$441,640$505,767$600,687
33166$393,330$441,230$593,250$751,209$879,330
33167$238,639$267,734$311,889$370,646$446,242
33168$255,200$286,432$326,438$385,640$460,900
33169$123,161$261,509$313,314$362,982$435,974
33170$265,293$315,988$384,490$483,576$599,955
33172$166,855$190,200$213,988$258,454$300,900
33173$204,160$302,000$396,537$496,593$651,806
33174$173,400$220,114$325,500$448,586$520,936
33175$205,153$304,500$403,422$509,153$671,580
33176$178,729$223,997$406,260$746,624$1,019,097
33177$303,000$331,152$387,935$458,034$541,409
33178$401,431$407,025$432,250$531,000$666,960
33179$106,210$132,040$187,380$366,876$631,963
33180$244,380$303,200$415,700$636,850$992,050
33181$166,787$235,910$301,087$378,881$482,548
33182$300,838$356,274$424,443$518,910$658,822
33183$180,700$215,300$296,983$420,742$512,397
33184$202,647$300,000$370,366$497,052$626,187
33185$343,888$392,500$474,213$573,105$659,305
33186$231,091$305,000$370,000$485,437$566,477
33187$195,453$414,644$499,728$573,405$672,612
33189$297,887$316,737$346,659$383,281$411,097
33190$343,000$359,000$375,000$404,500$468,452
33193$175,000$205,955$335,265$422,467$526,375
33194$369,000$379,000$409,000$597,816$669,952
33196$207,188$324,529$405,126$496,704$579,138

Source: Ownwell

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

In Miami, property tax bills are calculated based on the assessed value of a home, which is determined by the Miami-Dade County Property Appraiser's Office. This assessed value is multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and market conditions influence the assessed value. For example, the median home price in Miami is $381,299, which can result in varying tax bills across different neighborhoods. Homeowners in the 25th percentile of tax bills pay around $2,623, while those in the 75th percentile face bills of about $7,028. The highest median tax bill in the area can reach up to $18,304 in certain zip codes. This financial burden can be significant for homeowners, especially when the national median property tax bill is $2,400. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By leveraging local expertise and data, Ownwell helps reduce tax liabilities and ease the financial strain on homeowners.

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

Source: Ownwell

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$1,863

$228,510

$455,156

Median Miami Tax Bill

$4,365

Median Miami-dade County Tax Bill

$4,524

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Miami, Florida vs Similar Florida Cities

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 Jacksonville Tax Bill

$2,169

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 Tampa Tax Bill

$3,236

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 Orlando Tax Bill

$3,073

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

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33122$14,074$17,007$18,304$20,180$23,623
33125$1,223$2,329$4,178$7,154$9,396
33126$597$1,921$3,044$4,388$7,455
33127$904$2,266$4,915$7,321$10,229
33128$1,333$2,302$3,157$4,206$6,567
33129$3,295$5,070$7,077$11,251$17,604
33130$2,659$4,791$6,802$9,388$13,156
33131$4,560$5,907$7,961$11,965$18,098
33132$3,991$5,444$7,741$11,348$17,594
33133$3,190$5,819$10,112$17,903$32,546
33134$2,850$4,695$7,882$10,693$13,424
33135$1,153$2,460$4,447$8,544$10,973
33136$595$1,155$3,312$5,103$7,174
33137$3,609$5,451$8,469$13,020$21,725
33138$1,530$2,826$4,938$8,890$14,988
33142$927$1,825$3,779$5,461$7,131
33143$1,904$2,820$4,372$10,608$21,963
33144$1,760$2,710$4,556$7,412$9,262
33145$2,118$3,408$5,908$9,470$12,203
33146$4,188$7,040$11,107$17,328$25,549
33147$1,049$1,440$3,282$4,779$6,140
33150$1,019$1,665$3,693$5,334$6,947
33155$2,014$2,810$4,570$7,497$9,590
33156$2,411$3,353$4,731$6,868$12,619
33157$1,254$1,777$2,920$5,229$6,786
33161$1,272$1,980$3,481$6,481$8,777
33162$866$1,448$2,221$5,059$7,802
33165$2,017$2,826$4,290$6,746$8,409
33166$8,836$9,582$12,297$15,927$19,185
33167$1,083$1,496$3,305$5,081$7,157
33168$1,144$1,522$3,329$5,072$6,527
33169$1,566$2,106$3,404$6,367$8,240
33170$1,608$3,141$4,900$7,008$9,042
33172$559$1,204$2,743$3,494$4,483
33173$1,772$2,718$3,801$5,828$8,090
33174$1,052$2,207$3,184$5,434$7,574
33175$1,604$2,603$3,890$5,949$8,331
33176$1,513$2,641$4,159$6,786$10,897
33177$1,455$2,288$3,806$5,738$7,588
33178$5,474$6,025$7,871$8,757$11,002
33179$415$1,163$2,215$4,643$8,016
33180$2,265$3,947$5,522$8,304$13,412
33181$1,189$2,156$3,371$4,680$6,575
33182$2,229$3,155$4,370$6,257$8,542
33183$941$2,112$3,169$4,573$6,614
33184$1,374$2,342$3,600$5,684$7,815
33185$2,882$3,884$5,404$7,247$9,207
33186$1,893$2,748$3,932$5,760$7,569
33187$2,476$3,212$4,945$7,557$9,637
33189$1,195$1,581$3,613$5,477$6,472
33190$5,964$6,596$7,922$8,311$8,984
33193$1,364$2,455$3,191$5,080$6,855
33194$3,149$4,601$6,198$7,404$9,817
33196$2,241$3,048$4,472$6,740$9,034

Source: Ownwell

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