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Miami Lakes, Miami-dade County, Florida Property Taxes

  • Median MIAMI LAKES, FL effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median MIAMI LAKES, FL home value: $421,241

  • Median annual MIAMI LAKES, FL tax bill: $4,764, $2,364 higher than the national median property tax bill of $2,400.

How are property taxes in Miami-Dade calculated?

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

Last Updated March 1, 2025

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

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$4,676

$4,339

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Miami Lakes Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Miami Lakes with just two data points. By entering your property's estimated assessed value, our calculator applies Miami Lakes’ 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 Lakes, Miami-dade County, Florida

Local government entities set tax rates, which can vary significantly within a state. Annually, each 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 there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Miami Lakes, located in Miami-Dade County, the effective property tax rate stands out when compared to other cities in Florida. Miami Lakes has a median property tax rate of 1.11%, which is slightly above the national median of 1.02%. Within Miami-Dade County, the highest median tax rate is 1.23% in the 33014 zip code, while the lowest is 0.89% in the 33018 zip code. These figures highlight the variability in property tax rates even within the same county. Understanding these differences can help property owners make informed decisions about where to buy or invest in property.

Property Tax Rates Across Miami Lakes, 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 Lakes Tax Rate

1.11%

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 Miami Lakes, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
330140.59%0.79%1.23%1.65%1.76%
330160.79%0.90%1.07%1.54%1.78%
330180.72%0.80%0.89%1.36%1.78%

Source: Ownwell

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

When examining property taxes in Miami Lakes, 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 Lakes.

For example, the median home price in Miami Lakes is $421,241, with tax bills ranging significantly across the county. Zip code 33016 has the highest median home price at $641,403.

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

Source: Ownwell

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$160,056

$16,966,420

$33,772,783

Median Miami Lakes Market Value

$421,241

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 Miami Lakes, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33014$175,500$226,000$369,810$505,879$634,176
33016$338,000$399,959$641,403$767,201$884,719
33018$380,399$400,527$436,176$473,614$514,570

Source: Ownwell

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

Property tax bills in Miami Lakes, located in Miami-Dade County, FL, are determined by assessing the property's market value and applying the local tax rate. The median property tax bill in Miami Lakes is significantly higher than the national median of $2,400, with homeowners often facing bills that range from $3,202 at the 25th percentile to $9,693 at the 90th percentile. Factors influencing these bills include property location, market trends, and any applicable exemptions. For instance, properties in the 33016 zip code experience the highest median tax bills, reaching up to $6,669. This hefty financial burden can impact homeowners' budgets, making it crucial to explore potential savings. Ownwell offers expert property tax appeal and exemption services, helping homeowners effectively reduce their tax obligations. By analyzing market data and leveraging local regulations, Ownwell identifies opportunities for reassessment, potentially lowering the assessed value and, consequently, the tax bill. This strategic approach ensures homeowners in Miami Lakes can secure the most favorable tax position possible.

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

Source: Ownwell

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$1,863

$228,510

$455,156

Median Miami Lakes Tax Bill

$4,764

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 Miami Lakes, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33014$1,869$2,719$3,891$5,850$8,180
33016$3,424$5,382$6,669$8,860$12,102
33018$2,907$3,375$4,134$6,483$8,213

Source: Ownwell

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