Pinecrest, Florida Property Taxes
The median property tax rate in Pinecrest, FL is 1.04%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value in Pinecrest of $1,358,967, the typical annual property tax bill reaches $12,685, significantly exceeding the national median of $2,690. Property taxes in Pinecrest are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence exemption. Understanding Pinecrest'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 Pinecrest or another part of Miami-Dade County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pinecrest, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$14,133
$13,375
$1,148
Average Pinecrest, Florida Tax Savings
Ownwell’s Pinecrest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pinecrest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pinecrest to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Pinecrest. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pinecrest, Florida
Property taxes in Pinecrest, Florida, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Pinecrest is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Pinecrest set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pinecrest 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 Pinecrest's effective property tax rate to other areas and the national median. For comparison, the 33156 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these figures compare with Pinecrest 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 Pinecrest Tax Rate
1.04%
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 Pinecrest, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33156 | 0.53% | 0.69% | 1.04% | 1.50% | 1.71% |
Source: Ownwell
$1,148
Average Pinecrest Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pinecrest, Florida
In Pinecrest, 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 Appraisal District 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 Pinecrest, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Pinecrest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Pinecrest are both $12,685, specifically in the 33156 zip code.
Property Tax Assessment Values Across Pinecrest, Florida
Source: Ownwell
$160,056
$16,966,420
$33,772,783
Average Pinecrest Assessed Value
$1,358,967
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 Pinecrest, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33156 | $265,233 | $996,962 | $1,358,967 | $2,110,330 | $3,134,981 |
Source: Ownwell
$1,148
Average Pinecrest Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pinecrest, Florida
In Pinecrest, Miami-Dade County, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $1,358,967, homeowners often face significant tax bills. The tax bill can vary widely, with the 25th percentile at $7,364 and the 75th percentile reaching $22,658. The highest median tax bill in the area is recorded at $12,685 in the 33156 zip code. Several factors contribute to the final tax bill, including property market value, exemptions, and local tax rates. These factors can significantly impact homeowners, especially when their property values rise, leading to higher tax assessments and bills. Ownwell can assist homeowners in Pinecrest by providing expert property tax appeal and exemption services. By thoroughly reviewing your property’s assessed value and identifying potential discrepancies, Ownwell can help you challenge and potentially lower your tax bill, ensuring you pay only your fair share. Save on your property taxes and keep more money in your pocket with Ownwell's professional assistance.
Average Pinecrest Tax Bill
$12,685
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 Pinecrest, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33156 | $3,895 | $7,364 | $12,685 | $22,658 | $38,216 |
Source: Ownwell
$1,148
Average Pinecrest 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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